$10,000 Closing Credit*
$2,269,999
4,596 SqFt
5 Beds
•3 Full Baths, 1 Partial
#487476, Listing Office: Maximillion Realty, Inc.
Is Mill Basin, 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, Mill Basin was a Seller's Market.
Key Takeaway
Mill Basin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mill Basin, NY
How much do homes in Mill Basin, NY cost?
Median Sold Price
$810,000
$486/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,000(-4.1%)
Key Takeaway
Homes in Mill Basin have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Mill Basin was $810,000 in October 2024, down 4.1% from last year, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.5K | $190K | -7.1% |
| 2 Bedrooms | $250K | $267.5K | +7.0% |
| 3 Bedrooms | $680K | $785K | +15.4% |
| 4 Bedrooms | $902.5K | $1.0M | +17.5% |
| 5+ Bedrooms | $1.2M | $1.6M | +38.9% |
Summary: Mill Basin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 38.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $735.7K | $763.7K | +3.8% |
| Bergen Beach | $852.5K | $872.5K | +2.3% |
| Mill Basin | $845K | $810K | -4.1% |
| Georgetown | $830K | $757.5K | -8.7% |
Housing Supply in Mill Basin, NY
How many homes are available in Mill Basin, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The Mill Basin real estate market had 54 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Mill Basin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Basin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mill Basin in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Mill Basin, NY
How long does it take to sell a home in Mill Basin, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 171 Days | 94 Days | -44.9% |
Summary: Homes in Mill Basin had an average of 94 days on market in Oct 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mill Basin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Mill Basin; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.