Is Park Slope, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Park Slope was a Buyer's Market.
Key Takeaway
Park Slope is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Park Slope, NY
How much do homes in Park Slope, NY cost?
Median Sold Price
$1,599,666
$1,285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Park Slope have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Park Slope was $1,599,666 in April 2024, up 0.6% from last year, and the median price per square foot was $1,285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $725K | -3.3% |
| 2 Bedrooms | $1.3M | $1.3M | -2.7% |
| 3 Bedrooms | $1.9M | $1.8M | -2.3% |
| 4 Bedrooms | $3.6M | $3.3M | -7.8% |
| 5+ Bedrooms | $4.1M | $4.2M | +2.4% |
Summary: Park Slope housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Prospect Heights | $1.2M | $1.3M | +8.0% |
| Boerum Hill | $1.7M | $1.8M | +4.0% |
| Park Slope | $1.5M | $1.5M | +0.6% |
| Gowanus | $2.2M | $1.9M | -11.1% |
Housing Supply in Park Slope, NY
How many homes are available in Park Slope, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 137 | 0.0% |
Summary: The Park Slope real estate market had 137 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 24 | -4.0% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Park Slope housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 20 | +81.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Park Slope, expect to pay close to the asking price. 85% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Park Slope in April 2024, up by 81.8% month-over-month. Of the 20 sold homes, 10% were sold under asking, 85% were sold at asking, and 5% were sold over asking.
Days on Market for Park Slope, NY
We’re sorry, we don't have information for this market at the moment
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