Williamsburg Real Estate Market Trends

Market Overview for Quarter 4, 2020


Median Sale Price

$985K

3% YoY


Median Price/Sqft

$1,175

-1% YoY


No. of Transactions

140

26% YoY

Brooklyn Median Sale Price

$777K

14% YoY

In Quarter 4, the median home sale price in Williamsburg was $985K, a 3% change year-over-year. A total of 140 properties changed hands, up 26% compared to the same month last year. In Quarter 4, the median price per square foot was $1,175, a -1% YoY change. The median home sale price in Brooklyn was $777K.

Williamsburg Neighborhood Map

A waterfront neighborhood with views of Manhattan and the East River, Williamsburg is home to new residential buildings and unique converted lofts. Known as an artist's neighborhood, residents have access to local restaurants, cafes, bars, clothing boutiques, tennis courts, greenmarkets, kickball fields, and a wide range of historical landmarks.

Williamsburg Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Williamsburg

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Top most expensive neighborhoods in Brooklyn

Williamsburg median price compared with other neighborhoods in Brooklyn

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




Williamsburg 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
Bushwick Brooklyn $765,000
Bergen Beach Brooklyn $765,000
Madison Brooklyn $760,000
Prospect Park South Brooklyn $760,000
Gowanus Brooklyn $751,798
Ditmas Park Brooklyn $710,000
Downtown Brooklyn Brooklyn $705,000
Crown Heights Brooklyn $700,000
Marine Park 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 Williamsburg

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $985K 0% $1K -1% 134
Coops $400K 5% - - 4
Houses $2M 45% $1K -4% 2

The median house sale price in Williamsburg in Quarter 4 was $2M, up 45% year-over-year. However, median condo prices in Williamsburg remained flat year-over-year at $985K. Median coop sale price in Williamsburg were $400K, a change of 5% year-over-year.

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Williamsburg Neighborhood Guide

Williamsburg's nickname, "Little Berlin," comes from its import in the Brooklyn arts scene, specifically the indie music industry. This is a neighborhood hip in every way you can imagine, from the converted warehouse lofts, to the numerous bars serving craft beers, to the two-story murals and bustling streets. Only a few stops from Manhattan on the subway, it's a commuter's dream, though its popularity in the last few decades has begun to price many people out.

Architecture and landmarks

Repurposing is serious business in Williamsburg, as evidenced by the many warehouses that have been rezoned for residential use and turned into loft buildings. The Smith-Gray Building, once a warehouse and today well-known for its blue cast-iron facade, was one of the first industrial spaces to be turned into a residential structure. A former musical instrument factory owned by Gretsch was turned into Tribeca-style lofts, which attracted many upscale residents, including several well-known celebrities. There are a number of buildings designated as federal landmarks, including the Williamsburg Houses, the first large-scale public housing project in Brooklyn, the Domino Sugar Refinery, built in 1856 and once responsible for more than half the sugar production in the U.S., and the Kings County Savings Bank, an incredible example of French Second Empire architecture.

Transport

Residents in Williamsburg have their choice of three subway lines: BMT Canarsie Line, the BMT Jamaica Line, and the IND Crosstown Line. Getting to the Lower East Side is as easy as crossing the Williamsburg Bridge, which has pedestrian and bike access. Parking is challenging in this neighborhood and most residents take advantage of the subway or one of the many bus routes, though the Brooklyn-Queens Expressway is easily accessible from Williamsburg. During rush hour, commuters can hop on the East River Ferry to quickly get to Wall Street.

Schools

Williamsburg has a high density of public non-charter and charter schools, as well as private schools. The Grand Street Campus is a well-known and respected building that includes the High School of Enterprise, Business, and Technology, the High School for Legal Studies, and Progress High School for Professional Careers. Williamsburg Collegiate Charter School is consistently ranked as one of the highest performing charter schools in NYC.

Health

Though there is no hospital in Williamsburg, the Brooklyn Hospital Center operates the Williamsburg Family Health Center with both primary physicians and specialists. There are numerous urgent care clinics in the area, including CityMD Williamsburg and UMD Williamsburg, as well as hundreds of private practice physicians.

Safety

Williamsburg is covered by two New York City Police Department precincts: the 90th with 13.33 reported crimes per 1,000 residents in the year prior to writing this guide and the 94th with 17.01 reported crimes per 1,000 residents. It is considered a moderately safe neighborhood with significantly less crime than many neighborhoods in the city.

Things to do

For folks who value an incredible meal, there may be no better spot in Brooklyn than Williamsburg. Famous for their "farm to fork" dining, Marlow & Sons has been a local favorite for years. There are plenty of upscale options too, like the French-inspired Maison Premiere and elegant Japanese spot 1OR8. For those on a budget, Pies `n' Thighs offers decadent fried chicken and pies, while Williamsburg Pizza is an old school Brooklyn pie shop with quality ingredients and affordable prices.

Booze connoisseurs who value local brews will find their happy spots at New York Distilling Company, Brooklyn Winery, or Brooklyn Brewery. Night owls flock to Brooklyn Bowl for dancing, bowling, and libations, and music fans head to the Knitting Factory, Union Pool, or the Music Hall of Williamsburg. There are hundreds of local shops in the neighborhood, with popular options including local markets like Artists & Fleas and Brooklyn Flea, unique boutiques like Catbird and Brooklyn Fox Lingerie, and of course thrift stores like Awoke Vintage.

The largest park in Williamsburg is McCarren Park, which has a running track, baseball field, several dog parks, two pools, and a farmer's market on Sundays. There are several branches of the Brooklyn Public Library, including the Williamsburg Library and the Leonard Library.