Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Brooklyn Median Sale Price
As of Quarter 1, the median home sale price in Boerum Hill was $1.3M, up 5% year-over-year. A total of 31 properties traded, representing a 181% year-over-year increase. The median price per square foot in Quarter 1 was $1,332, a 0% YoY change. The median home sale price in Brooklyn was $802K.
Boerum Hill Neighborhood Map
Buyers looking for tree-lined streets and trendy shops flock to Boerum Hill. With a unique array of restaurants and local retail shops, plus the convenient subway access, historic brownstones, and feel-good charm, it's no surprise that this is one of the most popular Brooklyn neighborhoods. Landmarks include BAM and the Invisible Dog Art Center.
Top most expensive neighborhoods in Brooklyn
Boerum Hill median price compared with other neighborhoods in Brooklyn
Boerum Hill property values are on the higher-end for neighborhoods in Brooklyn .
Boerum Hill median price compared with all the neighborhoods in Brooklyn
|Neighborhood||Borough||Median Sale Price|
|Columbia Street Waterfront District||Brooklyn||$1,247,500|
|Prospect - Lefferts Gardens||Brooklyn||$834,981|
|Prospect Park South||Brooklyn||$725,000|
|Old Mill Basin||Brooklyn||$613,750|
|East New York||Brooklyn||$527,500|
Residential Properties Sold in Boerum Hill
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in Boerum Hill in Quarter 1 was relatively flat year-over-year at $2.8M. However, median condo prices in Boerum Hill trended down 30% year-over-year to $1.4M. Median coop sale price in Boerum Hill were $616K, a change of -17% year-over-year.
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Boerum Hill Neighborhood Guide
With tree-lined streets, trendy shops, and incredible dining options, it's no wonder Boerum Hill is a favorite neighborhood for those who love Brooklyn. Combine the wealth of things to do with its convenient commute via subway and there's no reason to be surprised that this area hasn't been lost in the pack. Known as much for its up-and-coming areas as for its locally-owned and locally-run shops that have been there for decades, this is a popular spot for those who love eclectic living.
Architecture and landmarks
Well-known for its array of independent stores, locally owned restaurants, and classic brownstones, Boerum Hill is also home to an array of art galleries. Cultural landmarks include Roulette, BAM, the Invisible Dog Art Center, and the Issue Project Room. There's even a non-commercial radio station located in the neighborhood, which is entirely funded by its listeners. It's also home to a small historic district with a long row of Italianate and Greek Revival homes built in the early 1870s. Classic architecture in the rest of the neighborhood is limited to brownstones and bricks, though there's been an influx of new building in the area for the last decade and this trend is expected to continue.
There's no question that the exceptional transportation options are one of the main draws of Boerum Hill. 9 different trains stop at the Atlantic Avenue - Barclays Center station (B, Q, D, N, R, 2, 3, 4, and 5), three trains stop at Hoyt-Schermerhorn (A, G, and C), and two trains stop at the Bergen Street station (F and G). Commute time to Manhattan is less than ten minutes.
Prekindergarten through fifth grade students generally attend Public School 261 or Brooklyn Heights Montessori School, which is actually in Boerum Hill, despite what its name might imply. There are also three well-respected private schools within walking distance of the neighborhood: Saint Ann's School, Brooklyn Friends School, and Packer Collegiate Institute.
The closest hospital to Boerum Hill is Mount Sinai Doctors in Brooklyn Heights. There are also numerous private practices and urgent care clinics in the nearby Cobble Hill neighborhood, including NYU Langone Cobble Hill and CityMD Cobble Hill. The plethora of transportation options makes it easy for residents to get to a wide range of other medical facilities.
Boreum Hill is served by the 84th precinct of the New York City Police Department. In 2016 there were 19.96 crimes per thousand residents in this precinct. That is higher than many neighborhoods in Brooklyn, but not the highest.
Things to do
For a neighborhood so small in square footage, there is no shortage of things to do in Boerum Hill and the surrounding areas. Barclays Center is a short walk away, with its constant array of sporting events and music concerts, and there are a wide range of Islamic and Middle Eastern shops and eateries on Atlantic Avenue between 3rd and 4th avenues. Then there's Bar Tabac, with its mix of Parisian elegance and Brooklyn charm, or the vintage shop Butter Consignment, where you'll find vintage goods to please any taste.
There are numerous festivals in the neighborhood too, like October's soup crawl, Festival des Soupes, in which many restaurants along Smith Street serve small cups of soup for participants to try. For those looking for a quick tasty sandwich, Red Star is a popular choice, and the Brooklyn Inn, located on Bergen Street, is a bar with truly unique old-world charm. Those who want a livelier evening are likely to head over to the Gowanus Yacht Club for cheap beer and a packed house.
Since it's so small, Boreum Hill doesn't have much by way of green space. However, it is within walking distance of the enormous Prospect Park.