Brooklyn Real Estate Market Trends

Market Overview for Quarter 4, 2020


Median Sale Price

$769K

13% YoY


Median Price/Sqft

$691

13% YoY


No. of Transactions

1,391

-25% YoY

New York City Median Sale Price

$685K

5% YoY

In Quarter 4, the median home sale price in Brooklyn was $769K, a 13% increase year-over-year. A total of 1391 properties changed hands, representing a 25% contraction compared to the same month last year. The median price per square foot as of Quarter 4 was $691, a 13% YoY change. In New York City, the median home sale price was $685K.

Brooklyn Borough Map

Brooklyn Median Sale Price

View: GraphTable

Median Sale Price Per Square Feet

View: Graph Table

Real Estate Transactions in Brooklyn

View: Graph Table

Top Boroughs in New York City

Brooklyn median price compared with other neighborhoods in New York City

Brooklyn property values are on the higher-end among all boroughs in NYC .




Most Expensive Neighborhoods in Brooklyn

Neighborhood Borough Median Sale Price
Fiske Terrace Brooklyn $2,295,000
Manhattan Beach Brooklyn $1,390,000
Vinegar Hill Brooklyn $1,357,500
Carroll Gardens Brooklyn $1,331,000
Prospect - Lefferts Gardens Brooklyn $1,326,375
Boerum Hill Brooklyn $1,314,391
Red Hook Brooklyn $1,287,449
DUMBO Brooklyn $1,275,612
Mill Basin Brooklyn $1,250,000
Columbia Street Waterfront District Brooklyn $1,225,000
Greenwood Heights Brooklyn $1,192,500
Park Slope Brooklyn $1,165,000
Williamsburg Brooklyn $1,082,500
Prospect Heights Brooklyn $1,060,000
Brooklyn Heights Brooklyn $1,050,000
Borough Park Brooklyn $970,000
Clinton Hill Brooklyn $902,500
Fort Greene Brooklyn $895,000
Cobble Hill Brooklyn $850,500
Bedford-Stuyvesant Brooklyn $850,000
Dyker Heights Brooklyn $839,000
Madison Brooklyn $802,381
Greenpoint Brooklyn $799,000
Windsor Terrace Brooklyn $780,000
Bergen Beach Brooklyn $765,000
Gowanus Brooklyn $758,596
Crown Heights Brooklyn $721,955
Marine Park Brooklyn $721,500
Sea Gate Brooklyn $682,227
Bushwick Brooklyn $653,750
Georgetown Brooklyn $647,500
Old Mill Basin Brooklyn $621,500
Bensonhurst Brooklyn $620,499
Prospect Park South Brooklyn $614,004
Ditmas Park Brooklyn $592,000
Bay Ridge Brooklyn $579,530
Downtown Brooklyn Brooklyn $575,000
Midwood Brooklyn $572,500
Gravesend Brooklyn $570,000
Flatlands Brooklyn $565,875
Wingate Brooklyn $561,699
Gerritsen Beach Brooklyn $560,000
Kensington Brooklyn $517,500
East Flatbush Brooklyn $502,750
Sunset Park Brooklyn $500,000
Brighton Beach Brooklyn $475,000
East New York Brooklyn $472,500
Flatbush Brooklyn $450,000
Coney Island Brooklyn $440,000
Brownsville Brooklyn $440,000
Ocean Hill Brooklyn $435,006
Bath Beach Brooklyn $425,000
Canarsie Brooklyn $425,000
Sheepshead Bay Brooklyn $405,600
Homecrest Brooklyn $242,500

Residential Properties Sold in Brooklyn

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $839K 6% $815 14% 581
Coops $499K 26% $799 11% 483
Houses $875K 16% $584 13% 326

The median house sale price in Brooklyn in Quarter 4 was $875K, up 16% year-over-year. Condo and coop prices in Brooklyn trended similarly, with a median condo price of $839K, up 6% year-over-year, and the median coop sale price up 26 % year-over-year to $499K.

See also

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