$2,328 Closing Credit*
$196,000
1,215 SqFt
3 Beds
•1 Full Bath
Pamela V. Dotson, Listing Office: Norstar Realty, LLC
Is Brooklyn, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Brooklyn was a Seller's Market.
Key Takeaway
Brooklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brooklyn, MD
How much do homes in Brooklyn, MD cost?
Median Sold Price
$151,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,800(+5.4%)
Key Takeaway
Homes in Brooklyn have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Brooklyn was $151,000 in October 2024, up 5.4% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $60K | N/A |
| 2 Bedrooms | $94K | $90K | -4.3% |
| 3 Bedrooms | $141K | $160K | +13.5% |
| 4 Bedrooms | $200K | $222K | +11.0% |
| 5+ Bedrooms | $333.2K | $242.5K | -27.2% |
Summary: Brooklyn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 27.2%.
Housing Supply in Brooklyn, MD
How many homes are available in Brooklyn, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 63 | +46.5% |
Summary: The Brooklyn real estate market had 63 homes for sale in October 2024, a 46.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 26 | 37 | +42.3% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Brooklyn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 42.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Brooklyn in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Brooklyn, MD
How long does it take to sell a home in Brooklyn, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 52 Days | +260.2% |
Summary: Homes in Brooklyn had an average of 52 days on market in Oct 2024, up by 260.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Brooklyn are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Brooklyn; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
