$8,182 Closing Credit*
$689,000
700 SqFt
1 Bed
•1 Full Bath
#488178, Listing Office: eXp Realty BKNY
Is Brooklyn Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Brooklyn Heights was a Buyer's Market.
Key Takeaway
Brooklyn Heights is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Brooklyn Heights, NY
How much do homes in Brooklyn Heights, NY cost?
Median Sold Price
$1,997,444
$1,482/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$532,444(+36.3%)
Key Takeaway
Homes in Brooklyn Heights have sold for 36.3% more than they did a year ago.
Summary: The median home sold price in Brooklyn Heights was $1,997,444 in November 2024, up 36.3% from last year, and the median price per square foot was $1,482.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $710K | $825K | +16.2% |
| 2 Bedrooms | $1.4M | $1.4M | +4.3% |
| 3 Bedrooms | $2.3M | $2.9M | +25.7% |
| 4 Bedrooms | $4.3M | $4.1M | -4.6% |
| 5+ Bedrooms | $7.2M | $6.9M | -5.2% |
Summary: Brooklyn Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 25.7%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Brooklyn Heights | $1.4M | $1.9M | +36.3% |
| Downtown Brooklyn | $1.3M | $1.4M | +10.8% |
| Northwestern Brooklyn | $1.4M | $1.4M | +1.0% |
| Dumbo | $2.5M | $1.7M | -32.3% |
Housing Supply in Brooklyn Heights, NY
How many homes are available in Brooklyn Heights, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 76 | -23.2% |
Summary: The Brooklyn Heights real estate market had 76 homes for sale in November 2024, a 23.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 24 | -25.0% |
| 2 Bedrooms | 26 | 17 | -34.6% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Brooklyn Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 34.6%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
12 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 12 homes were sold or pending in Brooklyn Heights in November 2024, down by 33.3% month-over-month. Of the 12 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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