$10,000 Closing Credit*
$2,200,000
1,694 SqFt
3 Beds
•2 Full Baths
#RPLU-33423264069, Shloma Hecht, Listing Office: Corcoran Group
Is Brooklyn Heights, NY 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 Heights was a Neutral Market.
Key Takeaway
Brooklyn Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn Heights, NY
How much do homes in Brooklyn Heights, NY cost?
Median Sold Price
$1,972,500
$1,482/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$472,500(+31.5%)
Key Takeaway
Homes in Brooklyn Heights have sold for 31.5% more than they did a year ago.
Summary: The median home sold price in Brooklyn Heights was $1,972,500 in October 2024, up 31.5% from last year, and the median price per square foot was $1,482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $710K | $825K | +16.2% |
| 2 Bedrooms | $1.4M | $1.4M | -2.0% |
| 3 Bedrooms | $2.3M | $2.9M | +28.1% |
| 4 Bedrooms | $4.3M | $4.5M | +4.0% |
| 5+ Bedrooms | $7.2M | $6.9M | -3.5% |
Summary: Brooklyn Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Brooklyn Heights | $1.5M | $1.9M | +31.5% |
| Downtown Brooklyn | $1.3M | $1.4M | +11.0% |
| Northwestern Brooklyn | $1.4M | $1.4M | -1.5% |
| Dumbo | $2.2M | $1.8M | -19.0% |
Housing Supply in Brooklyn Heights, NY
How many homes are available in Brooklyn Heights, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 93 | -6.1% |
Summary: The Brooklyn Heights real estate market had 93 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 30 | -9.1% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Brooklyn Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Brooklyn Heights in October 2024, up by 38.5% month-over-month. Of the 18 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Brooklyn Heights, NY
We’re sorry, we don't have information for this market at the moment
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