Midwood Real Estate Market Trends

Market Overview for Quarter 3, 2021


Median Sale Price

$735K

47% YoY


Median Price/Sqft

$582

-5% YoY


No. of Transactions

115

79% YoY

Brooklyn Median Sale Price

$820K

15% YoY

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

As of Quarter 3, the median home sale price in Midwood was $735K, up 47% year-over-year. A total of 115 properties traded, representing a 79% year-over-year increase. The median price per square foot in Quarter 3 was $582, a -5% YoY change. The median home sale price in Brooklyn was $820K.

Midwood Neighborhood Map

Located in the middle of Brooklyn, Midwood is a true melting pot with a small town feel. Though new construction isn't prevalent in this established neighborhood, it's common to see homes expanded and built into nothing short of palaces. This tree-lined, quiet, suburban-feeling area is chock full of delicious bakeries and discounted shopping.

Midwood Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Midwood

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Top most expensive neighborhoods in Brooklyn

Midwood median price compared with other neighborhoods in Brooklyn

Property values in Midwood are lower compared to the borough of Midwood overall.




Midwood median price compared with all the neighborhoods in Brooklyn

Neighborhood Borough Median Sale Price
DUMBO Brooklyn $1,900,000
Fiske Terrace Brooklyn $1,675,000
Carroll Gardens Brooklyn $1,562,500
Vinegar Hill Brooklyn $1,542,500
Cobble Hill Brooklyn $1,437,500
Park Slope Brooklyn $1,225,000
Boerum Hill Brooklyn $1,215,000
Brooklyn Heights Brooklyn $1,172,500
Williamsburg Brooklyn $1,142,500
Columbia Street Waterfront District Brooklyn $1,102,400
Greenpoint Brooklyn $1,095,000
Mill Basin Brooklyn $1,065,100
Red Hook Brooklyn $1,065,000
Manhattan Beach Brooklyn $1,050,000
Gowanus Brooklyn $1,025,000
Dyker Heights Brooklyn $968,000
Fort Greene Brooklyn $952,500
Prospect Heights Brooklyn $949,000
Bedford-Stuyvesant Brooklyn $883,500
Prospect - Lefferts Gardens Brooklyn $863,750
Greenwood Heights Brooklyn $850,000
Clinton Hill Brooklyn $834,000
Madison Brooklyn $823,000
Windsor Terrace Brooklyn $820,000
Borough Park Brooklyn $817,500
Downtown Brooklyn Brooklyn $810,000
Bensonhurst Brooklyn $775,000
Crown Heights Brooklyn $768,500
Bergen Beach Brooklyn $751,250
Prospect Park South Brooklyn $745,000
Midwood Brooklyn $735,000
Marine Park Brooklyn $699,000
Old Mill Basin Brooklyn $660,000
Sea Gate Brooklyn $645,000
Bath Beach Brooklyn $634,000
Flatbush Brooklyn $625,000
Kensington Brooklyn $620,000
Flatlands Brooklyn $609,000
Georgetown Brooklyn $605,000
East Flatbush Brooklyn $600,000
Ditmas Park Brooklyn $594,500
Bushwick Brooklyn $594,000
Brighton Beach Brooklyn $567,000
Bay Ridge Brooklyn $565,000
Homecrest Brooklyn $556,000
Wingate Brooklyn $555,000
Gravesend Brooklyn $542,518
East New York Brooklyn $535,000
Sheepshead Bay Brooklyn $520,172
Sunset Park Brooklyn $518,669
Brownsville Brooklyn $515,000
Ocean Hill Brooklyn $511,065
Gerritsen Beach Brooklyn $485,000
Coney Island Brooklyn $440,000
Canarsie Brooklyn $426,125

Residential Properties Sold in Midwood

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $540K -1% $608 -3% 17
Coops $354K 14% $533 44% 36
Houses $995K 7% $582 1% 60

The median house sale price in Midwood in Quarter 3 was $995K, up 7% year-over-year. However, median condo prices in Midwood remained flat year-over-year at $540K. Median coop sale price in Midwood were $354K, a change of 14% year-over-year.

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Midwood Neighborhood Guide

Located directly in the middle of the borough of Brooklyn, Midwood is a true melting pot with a small town feel. This quiet, family-oriented neighborhood has tree-lined streets and a large number of parks, but it also has its own bustling avenues with bakeries, shopping, and lots of restaurant options. The fact that there are great public transportation options coupled with an impressive amount of parking compared to most neighborhoods in Brooklyn makes it a commuter's dream. Many people will recognize Midwood as the location of blockbuster movies and TV shows, including The Godfather, Seinfeld, and The Cosby Show.

Architecture and landmarks

A walk through Midwood reveals many buildings constructed in the mid-19th century Italianate architectural style, as well as the Eastlake style. Most buildings in this neighborhood are very well maintained and preserved and the streets are majestically tree lined. Most housing is located in low-rise buildings that bring to mind the NYC architecture most visitors expect from years of seeing New York only as a movie set. There are several landmarks in Midwood, including Williamsburgh Savings Bank Tower, which spent more than 80 years with the title of the tallest building in Brooklyn. It's also home to Midwood Park, the very first park in Brooklyn, which was once named Washington Park. This famous park is best known for being the home of the Prison Ship Martyrs' Monument, which honors more than 11,000 patriots who died in British prison ships during the Revolution.

Transport

The B and Q subway lines both serve Midwood, and a trip to Midtown Manhattan on either line will take around 45 minutes. The 2 and 5 trains also stop nearby at the Flatbush Avenue-Brooklyn College station, and there are a number of both local and express buses, including B2, B6, B7, BM1, BM3, and BM4.

Schools

Most schools in Midwood are Yeshivas, though there are many public schools too, including PS 193 that serves pre-K to 5th grade and has higher than average standardized scores; Andries Hudde, a public junior high school that serves 6th through 8th grade and has higher than average scores; and Edward R. Murrow High School, with numerous art programs that can be gotten into only through an audition process.

Health

New York Community Hospital is located on Kings Highway in Midwood and Mount Sinai Brooklyn, in nearby Marine Park, is also a short distance away. Residents can pick from their choice of a wide range of private practices and alternative medical professionals in this neighborhood.

Safety

There are three precincts that patrol Midwood, including the 61st with an average of 8.07 reported crimes per 1,000 residents annually, 66th with an average of 5.97 reported crimes per 1,000 residents annually, and the 70th with 9.65 reported crimes per 1,000 residents annually. All three precincts are safer than average when compared to other precincts throughout New York City.

Things to do

Though many streets in Midwood are tree-lined residential streets, there are also places like Avenue M where residents can find a host of bagel shops, Jewish bakeries, kosher restaurants, and a wide range of shops from many specific cultures. Note that many of these stores close Friday night and remain closed through Saturday to celebrate the Sabbath.

Avenue J is home to Di Fara Pizza, which is known to have long lines of people waiting for their unique made-to-order pizzas, and the owner's newer cafe, Di Fara Dolce, is becoming just as popular. Kings Highway has a number of chain stores, such as Petland, TJ Maxx, and Rite Aid, along with Kings Games (the oldest gaming center in all of New York City), high fashion outlets, a kosher dairy, sushi restaurants, and much more. Norstrand Avenue has been named one of the best places to shop in New York City, and is home to unique, fashionable boutiques as well as a number of auto showrooms. Coney Island Avenue is where you'll find the Kent Triplex Movie Theater as well as a number of Turkish restaurants and hookah bars.

There are a number of parks in the area, including Kolbert Park where men play chess on game tables while mothers and fathers sit with their young children; and Rachel Haber Cohen Playground, with its handball and basketball courts. There are also two public pedestrian rest spots in the area: Corporal Wiltshire Square and Sgt. Joyce Kilmer Triangle.