$7,719 Closing Credit*
$650,000
1,300 SqFt
3 Beds
•1 Full Bath, 1 Partial
#488126, Listing Office: BHHS Fillmore R.E.
Is Central Brooklyn, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Central Brooklyn has remained a Buyer's Market.
Key Takeaway
Central Brooklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Brooklyn, NY
How much do homes in Central Brooklyn, NY cost?
Median Sold Price
$885,277
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,681(+2.5%)
Key Takeaway
Homes in Central Brooklyn have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Central Brooklyn was $885,277 in November 2024, up 2.5% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $528K | $517.5K | -2.0% |
| 2 Bedrooms | $783.3K | $818.3K | +4.5% |
| 3 Bedrooms | $825K | $807.5K | -2.1% |
| 4 Bedrooms | $1.3M | $1.1M | -9.5% |
| 5+ Bedrooms | $1.5M | $1.5M | -1.6% |
Summary: Central Brooklyn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in Central Brooklyn, NY
How many homes are available in Central Brooklyn, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 882 | 808 | -8.4% |
Summary: The Central Brooklyn real estate market had 808 homes for sale in November 2024, a 8.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 152 | 133 | -12.5% |
| 2 Bedrooms | 171 | 148 | -13.5% |
| 3 Bedrooms | 132 | 119 | -9.8% |
| 4 Bedrooms | 85 | 84 | -1.2% |
| 5+ Bedrooms | 342 | 324 | -5.3% |
Summary: The Central Brooklyn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 73 | +12.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Brooklyn, expect to pay close to the asking price. 69.9% of homes here sold near the asking price last month.
Summary: A total of 73 homes were sold or pending in Central Brooklyn in November 2024, up by 12.3% month-over-month. Of the 73 sold homes, 21% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Central Brooklyn, NY
How long does it take to sell a home in Central Brooklyn, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 170 Days | +111.5% |
Summary: Homes in Central Brooklyn had an average of 170 days on market in Nov 2024, up by 111.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Central Brooklyn are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 73 homes were sold in Central Brooklyn; 4% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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