Market Overview for Quarter 4, 2020
Median Sale Price
-44% YoY
Median Price/Sqft
-7% YoY
No. of Transactions
29% YoY
Brooklyn Median Sale Price
14% YoY
The median home sale price in Homecrest as of Quarter 4 was $418K, down 44% year-over-year. A total of 22 assets were sold, representing a 29% growth compared to Quarter 4 last year. The median price per square foot was $621, a -7% YoY change. In Quarter 4, the median home sale price in Brooklyn was $777K.
Homecrest Neighborhood Map
Some consider it a part of Sheepshead Bay but Homecrest is its own community. In the early 2000s new condos were built and 2-story homes were renovated into mansions. There are one-story bungalow homes, one-story brick houses, and many residents in the area share backyards and driveways with their neighbors. Public transit includes subway and bus.
Top most expensive neighborhoods in Brooklyn
View the most recent market trends and historic home sale prices in Manhattan , Brooklyn , Queens , Bronx , Staten Island
Homecrest median price compared with other neighborhoods in Brooklyn
Property values in Homecrest are lower compared to the borough of Homecrest overall.
Homecrest median price compared with all the neighborhoods in Brooklyn
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Fiske Terrace | Brooklyn | $2,295,000 |
| DUMBO | Brooklyn | $1,485,000 |
| Manhattan Beach | Brooklyn | $1,475,000 |
| Vinegar Hill | Brooklyn | $1,470,000 |
| Carroll Gardens | Brooklyn | $1,373,000 |
| Boerum Hill | Brooklyn | $1,345,356 |
| Columbia Street Waterfront District | Brooklyn | $1,217,500 |
| Mill Basin | Brooklyn | $1,170,000 |
| Red Hook | Brooklyn | $1,102,065 |
| Park Slope | Brooklyn | $1,100,000 |
| Greenwood Heights | Brooklyn | $1,047,500 |
| Brooklyn Heights | Brooklyn | $999,000 |
| Williamsburg | Brooklyn | $985,000 |
| Greenpoint | Brooklyn | $970,000 |
| Cobble Hill | Brooklyn | $939,000 |
| Dyker Heights | Brooklyn | $899,500 |
| Bedford-Stuyvesant | Brooklyn | $890,000 |
| Borough Park | Brooklyn | $882,500 |
| Prospect Heights | Brooklyn | $860,750 |
| Clinton Hill | Brooklyn | $835,000 |
| Fort Greene | Brooklyn | $798,755 |
| Windsor Terrace | Brooklyn | $780,000 |
| Ocean Hill | Brooklyn | $772,500 |
| Bergen Beach | Brooklyn | $765,000 |
| Bushwick | Brooklyn | $765,000 |
| Prospect Park South | Brooklyn | $760,000 |
| Madison | Brooklyn | $760,000 |
| Gowanus | Brooklyn | $751,798 |
| Ditmas Park | Brooklyn | $710,000 |
| Downtown Brooklyn | Brooklyn | $705,000 |
| Marine Park | Brooklyn | $700,000 |
| Crown Heights | Brooklyn | $700,000 |
| Sea Gate | Brooklyn | $681,209 |
| Prospect - Lefferts Gardens | Brooklyn | $677,750 |
| Bensonhurst | Brooklyn | $665,999 |
| Midwood | Brooklyn | $655,000 |
| Gravesend | Brooklyn | $617,499 |
| Flatbush | Brooklyn | $614,500 |
| Georgetown | Brooklyn | $607,500 |
| Old Mill Basin | Brooklyn | $600,000 |
| Flatlands | Brooklyn | $572,500 |
| East Flatbush | Brooklyn | $570,000 |
| Gerritsen Beach | Brooklyn | $565,000 |
| Wingate | Brooklyn | $561,699 |
| East New York | Brooklyn | $537,500 |
| Bay Ridge | Brooklyn | $527,199 |
| Kensington | Brooklyn | $499,000 |
| Canarsie | Brooklyn | $473,792 |
| Sunset Park | Brooklyn | $470,000 |
| Coney Island | Brooklyn | $462,500 |
| Brownsville | Brooklyn | $440,000 |
| Brighton Beach | Brooklyn | $440,000 |
| Bath Beach | Brooklyn | $430,000 |
| Homecrest | Brooklyn | $418,500 |
| Sheepshead Bay | Brooklyn | $405,600 |
Residential Properties Sold in Homecrest
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $549K | -27% | $634 | -4% | 6 |
| Coops | $230K | -17% | $428 | - | 11 |
| Houses | $975K | -4% | $593 | -14% | 5 |
The median house sale price in Homecrest in Quarter 4 was $975K, down 4% year-over-year. Condo and coop prices in Homecrest trended similarly, with a median condo price of $549K, down 27% year-over-year, and the median coop sale price down -17 % year-over-year to $230K.
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