Is Gowanus, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gowanus is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Gowanus has remained a Buyer's Market.

Key Takeaway

Gowanus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gowanus, NY

How much do homes in Gowanus, NY cost?

Median Sold Price

$1,575,000

$1,217/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,117,500(-41.5%)

Key Takeaway

Homes in Gowanus have sold for 41.5% less than they did a month ago.

Summary: The median home sold price in Gowanus was $1,575,000 in October 2024, down 41.5% from last month, and the median price per square foot was $1,217.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$655K
N/A
2 $926.5K$1.3M
+44.4%
3 -$1.7M
N/A
4 $3.6M$3.6M
-1.8%
5+ $3.0M-
N/A

Summary: Gowanus housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Gowanus
-41.5%
Boerum Hill
-45.2%

Housing Supply in Gowanus, NY

How many homes are available in Gowanus, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
68680.0%

Summary: The Gowanus real estate market had 68 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1414
0.0%
2 1512
-20.0%
3 1616
0.0%
4 1211
-8.3%
5+ 1115
+36.4%

Summary: The Gowanus 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gowanus, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Gowanus in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Gowanus, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Gowanus, NY

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