Market Overview for May, 2025
Median Sale Price
3% YoY
Median Price/Sqft
14% YoY
No. of Transactions
90% YoY
Brooklyn Median Sale Price
0% YoY
What is the median sale price and median price per sq ft in Prospect Heights?
In May, the median home sale price in Prospect Heights was $1.5M, a 3% change year-over-year.
A total of 19 properties changed hands, up 90% compared to the same month last year.
In May, the median price per square foot was $1,475, a 14% YoY change.
The median home sale price in Brooklyn was $850K.
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 |
|---|---|---|
| Columbia Street Waterfront District | Brooklyn | $2,995,000 |
| DUMBO | Brooklyn | $1,855,000 |
| Cobble Hill | Brooklyn | $1,780,000 |
| Williamsburg | Brooklyn | $1,565,559 |
| Manhattan Beach | Brooklyn | $1,550,000 |
| Prospect Heights | Brooklyn | $1,475,000 |
| Downtown Brooklyn | Brooklyn | $1,395,000 |
| Gowanus | Brooklyn | $1,356,250 |
| Park Slope | Brooklyn | $1,292,500 |
| Carroll Gardens | Brooklyn | $1,260,000 |
| Mill Basin | Brooklyn | $1,250,000 |
| Clinton Hill | Brooklyn | $1,243,750 |
| Boerum Hill | Brooklyn | $1,200,000 |
| Brooklyn Heights | Brooklyn | $1,150,000 |
| Crown Heights | Brooklyn | $1,150,000 |
| Fort Greene | Brooklyn | $1,145,000 |
| Dyker Heights | Brooklyn | $1,022,500 |
| Bedford-Stuyvesant | Brooklyn | $998,000 |
| Borough Park | Brooklyn | $992,500 |
| Greenpoint | Brooklyn | $884,500 |
| Windsor Terrace | Brooklyn | $869,750 |
| Greenwood Heights | Brooklyn | $854,900 |
| Marine Park | Brooklyn | $750,000 |
| Ocean Hill | Brooklyn | $747,000 |
| Gerritsen Beach | Brooklyn | $744,000 |
| Midwood | Brooklyn | $697,000 |
| Flatbush | Brooklyn | $682,000 |
| Bensonhurst | Brooklyn | $653,000 |
| Bushwick | Brooklyn | $627,750 |
| Gravesend | Brooklyn | $616,851 |
| Sheepshead Bay | Brooklyn | $616,000 |
| Kensington | Brooklyn | $518,352 |
| Brighton Beach | Brooklyn | $510,000 |
| Sunset Park | Brooklyn | $500,000 |
| Old Mill Basin | Brooklyn | $475,000 |
| Bay Ridge | Brooklyn | $465,000 |
| Coney Island | Brooklyn | $442,500 |
| Fiske Terrace | Brooklyn | $435,000 |
| Flatlands | Brooklyn | $430,300 |
| Ditmas Park | Brooklyn | $430,000 |
| East Flatbush | Brooklyn | $425,000 |
| Canarsie | Brooklyn | $407,000 |
| East New York | Brooklyn | $401,000 |
| Madison | Brooklyn | $330,000 |
Residential Properties Sold in Prospect Heights
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $1.8M | 33% | $1K | 16.5% | 13 |
| Coops | $1M | -39.2% | - | - | 5 |
| Houses | $3.0M | - | $808 | - | 1 |
The median house sale price in Prospect Heights in May was relatively flat year-over-year at $3.0M. However, median condo prices in Prospect Heights trended up 33% year-over-year to $1.8M. Median coop sale price in Prospect Heights were $1M, a change of -39.2% 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.