$10,000 Closing Credit*
$1,300,000
1,236 SqFt
2 Beds
•1 Full Bath
#487303, Listing Office: Peerless Properties Corp.
Is Dumbo, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Dumbo has remained a Buyer'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
$1,858,750
$1,266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$436,250(-19.0%)
Key Takeaway
Homes in Dumbo have sold for 19% less than they did a year ago.
Summary: The median home sold price in Dumbo was $1,858,750 in October 2024, down 19% from last year, and the median price per square foot was $1,266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $1.3M | -17.7% |
| 2 Bedrooms | $1.8M | $1.5M | -15.9% |
| 3 Bedrooms | $4.6M | $3.6M | -21.0% |
| 4 Bedrooms | $7.5M | $7.5M | -0.4% |
| 5+ Bedrooms | $7.8M | - | N/A |
Summary: Dumbo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes decreased by 21%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
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 Dumbo, NY
How many homes are available in Dumbo, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Dumbo real estate market had 47 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dumbo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 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.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were 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. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Dumbo in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% 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
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