$4,572 Closing Credit*
$385,000
Studio
•1 Full Bath
#COMP-1705547800427785113, Michael Connolly, Listing Office: Compass
Is Fort Greene, 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, Fort Greene was a Buyer's Market.
Key Takeaway
Fort Greene 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 Fort Greene, NY
How much do homes in Fort Greene, NY cost?
Median Sold Price
$1,560,000
$1,062/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$210,000(+15.6%)
Key Takeaway
Homes in Fort Greene have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Fort Greene was $1,560,000 in October 2024, up 15.6% from last year, and the median price per square foot was $1,062.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $855K | $572.5K | -33.0% |
| 2 Bedrooms | $1.3M | $1.2M | -9.8% |
| 3 Bedrooms | $2.0M | $2.0M | -0.3% |
| 4 Bedrooms | $4.3M | $3.5M | -19.4% |
| 5+ Bedrooms | $2.9M | $3.7M | +24.5% |
Summary: Fort Greene housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Greene | $1.3M | $1.5M | +15.6% |
| Downtown Brooklyn | $1.3M | $1.4M | +11.0% |
| Northwestern Brooklyn | $1.4M | $1.4M | -1.5% |
| Clinton Hill | $1.0M | $999K | -4.8% |
Housing Supply in Fort Greene, NY
How many homes are available in Fort Greene, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Fort Greene real estate market had 38 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Fort Greene housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Greene, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Fort Greene in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Fort Greene, NY
How long does it take to sell a home in Fort Greene, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 233 Days | 83 Days | -64.4% |
Summary: Homes in Fort Greene had an average of 83 days on market in Oct 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fort Greene has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Fort Greene; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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