Is Park Slope, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Park Slope was a Neutral Market.
Key Takeaway
Park Slope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park Slope, NY
How much do homes in Park Slope, NY cost?
Median Sold Price
$1,595,000
$1,267/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Park Slope have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Park Slope was $1,595,000 in November 2023, up 8.2% from last year, and the median price per square foot was $1,267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $735K | -2.0% |
| 2 Bedrooms | $1.3M | $1.3M | -1.5% |
| 3 Bedrooms | $1.8M | $1.9M | +4.7% |
| 4 Bedrooms | $3.5M | $3.4M | -1.9% |
| 5+ Bedrooms | $3.8M | $4.2M | +9.4% |
Summary: Park Slope housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Prospect Heights | $1.1M | $1.3M | +20.7% |
| Park Slope | $1.4M | $1.5M | +8.2% |
| Gowanus | $2.0M | $1.9M | -3.5% |
| Boerum Hill | $1.7M | $1.6M | -5.7% |
Housing Supply in Park Slope, NY
How many homes are available in Park Slope, NY?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 161 | 148 | -8.1% |
Summary: The Park Slope real estate market had 148 homes for sale in November 2023, a 8.1% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 22 | -15.4% |
| 2 Bedrooms | 57 | 54 | -5.3% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Park Slope housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
12 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. 92.3% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Park Slope in November 2023, the same as the previous month. Of the 13 sold homes, 0% were sold under asking, 92% were sold at asking, and 8% were sold over asking.
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