Boerum Hill Real Estate Market Trends

Market Overview for Quarter 2, 2021


Median Sale Price

$1M

-6% YoY


Median Price/Sqft

$1,313

22% YoY


No. of Transactions

49

145% YoY

Brooklyn Median Sale Price

$835K

19% YoY

What is the median sale price and median price per sq ft in Boerum Hill?

The median home sale price in Boerum Hill as of Quarter 2 was $1M, down 6% year-over-year. A total of 49 assets were sold, representing a 145% growth compared to Quarter 2 last year. The median price per square foot was $1,313, a 22% YoY change. In Quarter 2, the median home sale price in Brooklyn was $835K.

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.

Boerum Hill Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Boerum Hill

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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
Vinegar Hill Brooklyn $1,675,000
Prospect - Lefferts Gardens Brooklyn $1,549,995
DUMBO Brooklyn $1,491,250
Manhattan Beach Brooklyn $1,400,000
Cobble Hill Brooklyn $1,385,000
Greenpoint Brooklyn $1,315,000
Carroll Gardens Brooklyn $1,219,000
Park Slope Brooklyn $1,185,000
Red Hook Brooklyn $1,117,709
Brooklyn Heights Brooklyn $1,100,000
Columbia Street Waterfront District Brooklyn $1,100,000
Prospect Heights Brooklyn $1,085,000
Williamsburg Brooklyn $1,075,000
Boerum Hill Brooklyn $1,050,000
Mill Basin Brooklyn $999,000
Gowanus Brooklyn $987,500
Fort Greene Brooklyn $960,000
Bedford-Stuyvesant Brooklyn $931,698
Greenwood Heights Brooklyn $920,000
Dyker Heights Brooklyn $905,000
Downtown Brooklyn Brooklyn $885,000
Borough Park Brooklyn $875,000
Madison Brooklyn $830,000
Windsor Terrace Brooklyn $825,000
Ditmas Park Brooklyn $813,000
Crown Heights Brooklyn $805,500
Sea Gate Brooklyn $755,000
Bushwick Brooklyn $739,000
Wingate Brooklyn $730,000
Clinton Hill Brooklyn $723,500
Marine Park Brooklyn $719,000
Georgetown Brooklyn $710,000
Bensonhurst Brooklyn $700,000
Bergen Beach Brooklyn $662,500
Flatbush Brooklyn $662,500
Gravesend Brooklyn $620,000
East Flatbush Brooklyn $605,000
Prospect Park South Brooklyn $599,000
Sunset Park Brooklyn $595,000
Flatlands Brooklyn $570,000
Midwood Brooklyn $565,119
Canarsie Brooklyn $553,175
Brownsville Brooklyn $550,000
Old Mill Basin Brooklyn $545,900
Kensington Brooklyn $540,000
Gerritsen Beach Brooklyn $490,000
Bay Ridge Brooklyn $480,000
East New York Brooklyn $470,000
Brighton Beach Brooklyn $452,250
Bath Beach Brooklyn $445,000
Ocean Hill Brooklyn $414,200
Coney Island Brooklyn $372,500
Sheepshead Bay Brooklyn $342,472
Homecrest Brooklyn $325,000

Residential Properties Sold in Boerum Hill

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.7M 13% $1K 23% 34
Coops $647K -20% $475 -52% 13
Houses $40K -99% $18 -98% 1

The median house sale price in Boerum Hill in Quarter 2 was $40K, down 99% year-over-year. Conversely, median condo prices in Boerum Hill trended up 13% year-over-year to $1.7M. Median coop sale price in Boerum Hill were $647K, a change of -20% 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.

Transport

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.

Schools

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.

Health

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.

Safety

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.