Park Slope Real Estate Market Trends

Market Overview for Quarter 3, 2021


Median Sale Price

$1.2M

11% YoY


Median Price/Sqft

$1,232

4% YoY


No. of Transactions

215

179% YoY

Brooklyn Median Sale Price

$820K

15% YoY

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

As of Quarter 3, the median home sale price in Park Slope was $1.2M, up 11% year-over-year. A total of 215 properties traded, representing a 179% year-over-year increase. The median price per square foot in Quarter 3 was $1,232, a 4% YoY change. The median home sale price in Brooklyn was $820K.

Park Slope Neighborhood Map

Both the largest and most highly sought after neighborhoods in NYC, Park Slope was once the richest community in the U.S. Today it has something for everyone with commercial streets next to a restaurant row next to renovated brownstones and condos. From top-rated eateries to low crime rates it's easy to see why it's a top rated neighborhood.

Park Slope Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Park Slope

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Top most expensive neighborhoods in Brooklyn

Park Slope median price compared with other neighborhoods in Brooklyn

Park Slope property values are on the higher-end for neighborhoods in Brooklyn .




Park Slope 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 Park Slope

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.5M 10% $1K 3% 95
Coops $999K 12% $1K 17% 109
Houses $3.0M 13% $1K -12% 13

The median house sale price in Park Slope in Quarter 3 was $3.0M, up 13% year-over-year. Condo and coop prices in Park Slope trended similarly, with a median condo price of $1.5M, up 10% year-over-year, and the median coop sale price up 12 % year-over-year to $999K.

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Park Slope Neighborhood Guide

This neighborhood is not just one of the best in Brooklyn, or even New York City - Park Slope has been ranked as one of the best neighborhoods in the entire U.S. Why? Residents note its highly rated public schools, the perfect mixture of dining, nightlife, and shopping, the impressive public transit access, its relative safety, the numerous green spaces, and the many creative outlets in the area. In short, Park Slope may just have it all.

Architecture and landmarks

There are an incredible number of historic buildings in and around Park Slope, many of which are concentrated on the arts, including the Brooklyn Academy of Music, the Brooklyn Conservatory of Music, the Central Library, the Old Stone House, and the Brooklyn Museum. The Brooklyn Botanic Garden and Prospect Park, as well as the Brooklyn Arts Exchange (otherwise known as BAX) can be found here, offering visitors many hours of leisure and entertainment. The main commercial buildings line Fifth and Seventh Avenues but the east-west tree-lined side streets are lined with historic brownstones and unique apartment buildings.

Transport

Public transportation in Park Slope is very accessible, thanks to numerous subway lines, including the B, Q, 2, and 3, making a mere 30-minutes commute to Midtown Manhattan, as well as the nine trains that stop at the Atlantic Avenue / Barclay Centers stop, including the 4, 5, D, and N. Residents can hop on the R train at the Fourth Avenue station and the F and G trains at several stops in the neighborhood.

Schools

Located on Seventh Avenue, Public School 321 is routinely ranked as one of the best elementary schools in New York City, where more than 80 percent of students meet state standards for English and / or Math, compared to just 30 percent citywide. The Berkeley Carroll School is a popular private school that serves kids all the way from prekindergarten through their senior year in high school.

Health

The New York Methodist Hospital is a non-profit hospital located on Sixth Street between Seventh Avenue and Eighth Avenue in Park Slope. It has a total of 651 beds and sees more than 40,000 patients every year. There are many health clinics and private practices in the neighborhood as well.

Safety

Park Slope is located in the 78th Precinct of the New York Police Department. In 2015, there were 12.64 crimes per 1,000 resident. It is below average for all crime types and is one of the safest neighborhoods in northern Brooklyn.

Things to do

Park Slope is home to many of the city's best dining options, including Al Di La, a trattoria with a long history of serving excellent Northern Italian fare; Franny's, with their world-famous pizza; and Rose Water, where the focus is on local, organic ingredients. There are many quick eats available too, including Bagel Hole with their fist-sized bagels; Bklyn Larder, home of specialty meats, cheeses, and sorbet,; and Meltkraft, an artisan grilled cheese station. Park Luncheonette has been a busy eatery since the 1930s and there are numerous Asian restaurants in the neighborhood too, including Little Dokebi.

Thirsty residents and visitors to Park Slope can visit a bar with any type of vibe they're interested in. The Gate is one of the longest standing neighborhood bars, with an incredible outdoor patio; High Dive is known for its free popcorn and wide assortment of board games; and Mission Dolores offers an extensive list of draft beers alongside pinball machines.

There are a surprising number of unique music venues in the neighborhood, including the Rock Shop; Union Hall with their weekly comedy/karaoke hybrid show; Barbes with their soul party every Tuesday; and Freddy's, a divey spot for live music and unique decor. In nearby Gowanus, visitors can check out the Bell House, a relatively small space that hosts big acts like Louis C.K. and Yo La Tengo. The largest green space in Park Slope, Prospect Park, was designed by the same team that designed Central Park. There are a number of attractions there, including a zoo, the only natural forest in Brooklyn, an ice skating facility that's open all year long, and a dog beach.