$10,000 Closing Credit*
$1,275,000
2,180 SqFt
2 Full Baths
#488098, Listing Office: RE/MAX Edge
Housing Prices in Borough Park, NY
How much do homes in Borough Park, NY cost?
Median List Price
$1,549,000
$626/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$154,000(+11.0%)
Key Takeaway
The list price of homes in Borough Park has increased by 11% since last year.
Summary: The median home list price in Borough Park was $1,549,000 in November 2024, up 11% from the previous year, and the median price per square foot was $626.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $432K | +4.1% |
| 2 Bedrooms | $642.5K | $450K | -30.0% |
| 3 Bedrooms | $1.1M | $1.2M | +13.5% |
| 4 Bedrooms | $1.1M | $1.3M | +21.3% |
| 5+ Bedrooms | $1.6M | $1.7M | +3.0% |
Summary: Borough Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 3%.
Median List Price Compared To Nearby Neighborhoods
| Borough Park | $1.3M | $1.5M | +11.0% |
| New Utrecht | $1.0M | $1.1M | +9.2% |
| Windsor Terrace | $1.2M | $1.2M | +6.9% |
| Kensington | $572K | $561K | -1.9% |
| 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Borough Park real estate market had 23 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Borough Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 380 Days | 270 Days | -28.8% |
Summary: Homes in Borough Park had an average listing age of 270 days in Nov 2024, down by 28.8% compared to the previous year.
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