Prospect Heights Real Estate Market Trends

Market Overview for Quarter 2, 2021


Median Sale Price

$1M

0% YoY


Median Price/Sqft

$1,137

5% YoY


No. of Transactions

75

63% YoY

Brooklyn Median Sale Price

$835K

19% YoY

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

In Quarter 2, the median home sale price in Prospect Heights was $1M, a 0% change year-over-year. A total of 75 properties changed hands, up 63% compared to the same month last year. In Quarter 2, the median price per square foot was $1,137, a 5% YoY change. The median home sale price in Brooklyn was $835K.

Prospect Heights Neighborhood Map

Prospect Heights may be small but it's big on cultural diversity and quaint tree-lined streets. This neighborhood has one of the strongest residential corridors in the city. Buyers can find everything from 1890s brownstones to newly built modern apartment buildings to converted lofts.

Prospect Heights Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Prospect Heights

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Top most expensive neighborhoods in Brooklyn

Prospect Heights median price compared with other neighborhoods in Brooklyn

Prospect Heights property values are on the higher-end for neighborhoods in Brooklyn .




Prospect Heights 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 Prospect Heights

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.3M -3% $1K 4% 37
Coops $877K 9% $937 5% 37
Houses $1.5M -31% $1K 1% 1

The median house sale price in Prospect Heights in Quarter 2 was $1.5M, down 31% year-over-year. However, median condo prices in Prospect Heights remained flat year-over-year at $1.3M. Median coop sale price in Prospect Heights were $877K, a change of 9% year-over-year.

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Prospect Heights Neighborhood Guide

When compared with other Brooklyn neighborhoods, Prospect Heights is relatively small, though it's well known for being culturally diverse and for its beautiful tree-lined streets. With many of the advantages of Park Slope, like excellent public transit, good schools, and close access to museums and green spaces, yet with considerably lower real estate prices, it's quickly becoming a favorite of middle-class New York families. The shops in this neighborhood are hyper-local with unique murals, dedicated customers, and a focus on the community.

Architecture and landmarks

When compared with other Brooklyn neighborhoods, Prospect Heights is relatively small, though it's well known for being culturally diverse and for its beautiful tree-lined streets. With many of the advantages of Park Slope, like excellent public transit, good schools, and close access to museums and green spaces, yet with considerably lower real estate prices, it's quickly becoming a favorite of middle-class New York families. The shops in this neighborhood are hyper-local with unique murals, dedicated customers, and a focus on the community.

Transport

Residents of Prospect Heights have access to a good number of train lines, including the 2, 3, 4, 5, B and R. The C and G are only a few blocks away and so are the N and R lines, and the Franklin Avenue Shuttle is located within walking distance as well.

Schools

As with most schools in New York, Prospect Heights has some poorly performing schools, but there are also numerous bright spots, including two public schools with dual language programs and Brooklyn Arts and Science Elementary with its incredible art and music classes for all students. In neighboring Crown Heights sits the selective PS/MS 394 that offers some of the most highly rated classes for kids from kindergarten through 8th grade.

Health

There is no hospital in Prospect Heights, but the New York Methodist Hospital, a non-profit hospital located in Park Slope, is relatively close by, has a total of 651 beds, and sees more than 40,000 patients each year. Residents have no shortage of private practices and alternative medical clinics.

Safety

Prospect Heights is patrolled by two precincts - the 77th and 78th Precincts of the New York Police Department. There were 15.35 and 13.91 crimes reported per 1,000 residents in 2016, respectively. This puts the neighborhood well below the Brooklyn and New York City averages for crime, and makes it one of the safer choices in the city.

Things to do

Prospect Heights has many eateries with long histories and traditions, including Ample Hills Creamery, an ice cream shop that makes everything from scratch; James, one of the best spots for hamburgers and other American eats; and Dean Street, an incredible - yet casual - spot to chow down on Southern specialties. Those with a taste for nightlife will not be disappointed in this neighborhood. Woodwork, a laidback bar that regulars flock to for their soccer fix, has long been popular in the area; Weather Up brings an old-fashioned vibe alongside innovative cocktails of their own; and Soda Bar has transformed itself from an ice cream parlor to a truly unique bar with some upscale bar foods too.

Retail therapy is available in full force as well. Start at Unnameable Books, one of the most unique indie bookstores in the city, then head over to Fermented Grapes to try wines from around the world. 1 of a Find offers vintage clothes, accessories, and shoes from the late 1800s through the 1990s and there are always new shops opening on the eclectic streets of Prospect Heights.

Retail therapy is available in full force as well. Start at Unnameable Books, one of the most unique indie bookstores in the city, then head over to Fermented Grapes to try wines from around the world. 1 of a Find offers vintage clothes, accessories, and shoes from the late 1800s through the 1990s and there are always new shops opening on the eclectic streets of Prospect Heights.