Is Boerum Hill, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boerum Hill is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Boerum Hill has remained a Buyer's Market.

Key Takeaway

Boerum Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boerum Hill, NY

How much do homes in Boerum Hill, NY cost?

Median Sold Price

$1,480,000

$1,237/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,220,000(-45.2%)

Key Takeaway

Homes in Boerum Hill have sold for 45.2% less than they did a month ago.

Summary: The median home sold price in Boerum Hill was $1,480,000 in October 2024, down 45.2% from last month, and the median price per square foot was $1,237.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$735K
N/A
2 $1.3M$1.2M
-9.4%
3 -$2.2M
N/A
4 $3.9M-
N/A
5+ $2.7M-
N/A

Summary: Boerum Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Boerum Hill, NY

How many homes are available in Boerum Hill, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3846+21.1%

Summary: The Boerum Hill real estate market had 46 homes for sale in October 2024, a 21.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 35
+66.7%
2 1315
+15.4%
3 610
+66.7%
4 76
-14.3%
5+ 910
+11.1%

Summary: The Boerum Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boerum Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Boerum Hill in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Boerum Hill, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Boerum Hill, NY

Nearby Markets to Boerum Hill, NY