$3,016 Closing Credit*
$254,000
420 SqFt
Studio
•1 Full Bath
#487222, Listing Office: Real Broker LLC
Housing Prices in Borough Park, NY
How much do homes in Borough Park, NY cost?
Median List Price
$1,549,000
$640/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$179,000(+13.1%)
Key Takeaway
The list price of homes in Borough Park has increased by 13.1% since last year.
Summary: The median home list price in Borough Park was $1,549,000 in October 2024, up 13.1% from the previous year, and the median price per square foot was $640.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $415K | 0.0% |
| 2 Bedrooms | $630K | $509.9K | -19.1% |
| 3 Bedrooms | $1.1M | $1.3M | +24.8% |
| 4 Bedrooms | $1.1M | $1.3M | +21.3% |
| 5+ Bedrooms | $1.6M | $1.7M | +4.3% |
Summary: Borough Park 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 19.1%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 4.3%.
Median List Price Compared To Nearby Neighborhoods
| Borough Park | $1.3M | $1.5M | +13.1% |
| New Utrecht | $1.0M | $1.1M | +8.7% |
| Windsor Terrace | $1.2M | $1.2M | +1.0% |
| Kensington | $555.8K | $547.5K | -1.5% |
| Sunset Park | $1.3M | $1.2M | -4.9% |
Housing Supply in Borough Park, NY
How many homes are available in Borough Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Borough Park real estate market had 19 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Borough Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Days on Market for Borough Park, NY
How long does it take to sell a home in Borough Park, NY?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 386 Days | 274 Days | -28.9% |
Summary: Homes in Borough Park had an average listing age of 274 days in Oct 2024, down by 28.9% compared to the previous year.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.