$10,000 Closing Credit*
$999,000
779 SqFt
1 Bed
•1 Full Bath
#OLRS-00011751674, Lauren Caputo, Listing Office: Triumph Property Group Ltd
Is Dumbo, 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, Dumbo was a Seller's Market.
Key Takeaway
Dumbo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dumbo, NY
How much do homes in Dumbo, NY cost?
Median Sold Price
$1,700,000
$1,250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$810,000(-32.3%)
Key Takeaway
Homes in Dumbo have sold for 32.3% less than they did a year ago.
Summary: The median home sold price in Dumbo was $1,700,000 in November 2024, down 32.3% from last year, and the median price per square foot was $1,250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.7M | $1.1M | -32.9% |
| 2 Bedrooms | $1.8M | $1.5M | -18.1% |
| 3 Bedrooms | $4.7M | $3.0M | -36.5% |
| 4 Bedrooms | $7.6M | $7.2M | -4.6% |
| 5+ Bedrooms | $7.8M | - | N/A |
Summary: Dumbo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.9%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 36.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.
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 Dumbo, NY
How many homes are available in Dumbo, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 37 | -14.0% |
Summary: The Dumbo real estate market had 37 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dumbo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dumbo, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Dumbo in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Dumbo, NY
We’re sorry, we don't have information for this market at the moment
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
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. 
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.