Is Park Slope, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park Slope is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Park Slope has remained a Buyer's 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

$1,593,333

$1,293/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,666(-0.4%)

Key Takeaway

The sold price of homes in Park Slope has remained the same since last year.

Summary: The median home sold price in Park Slope was $1,593,333 in November 2024, down 0.4% from last year, and the median price per square foot was $1,293.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $725K$703.9K
-2.9%
2 $1.3M$1.3M
+6.5%
3 $1.9M$1.9M
-3.7%
4 $3.7M$3.4M
-7.7%
5+ $4.1M$3.9M
-6.0%

Summary: Park Slope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 6%.

Median Sold Price Compared To Nearby Neighborhoods

Gowanus
+0.7%
Park Slope
-0.4%
Prospect Heights
-2.6%

Housing Supply in Park Slope, NY

How many homes are available in Park Slope, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13086-33.8%

Summary: The Park Slope real estate market had 86 homes for sale in November 2024, a 33.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2217
-22.7%
2 4632
-30.4%
3 2714
-48.1%
4 96
-33.3%
5+ 2617
-34.6%

Summary: The Park Slope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes decreased by 48.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 34.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
197-63.2%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park Slope, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Park Slope in November 2024, down by 63.2% month-over-month. Of the 7 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Park Slope, NY

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