$10,000 Closing Credit*
$1,198,000
1,046 SqFt
2 Beds
•2 Full Baths
#RPLU-1032523286370, Tricialee Riley, Listing Office: Serhant
Is Northern Brooklyn, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northern Brooklyn has remained a Buyer's Market.
Key Takeaway
Northern Brooklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northern Brooklyn, NY
How much do homes in Northern Brooklyn, NY cost?
Median Sold Price
$1,150,000
$1,269/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$88,000(-7.1%)
Key Takeaway
Homes in Northern Brooklyn have sold for 7.1% less than they did a month ago.
Summary: The median home sold price in Northern Brooklyn was $1,150,000 in November 2024, down 7.1% from last month, and the median price per square foot was $1,269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $865K | $912.5K | +5.5% |
| 2 Bedrooms | $1.3M | $1.9M | +43.3% |
| 3 Bedrooms | $1.7M | $2.0M | +14.9% |
| 4 Bedrooms | $2.7M | $1.6M | -39.8% |
| 5+ Bedrooms | $1.6M | $1.8M | +10.7% |
Summary: Northern Brooklyn housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 43.3%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 39.8%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| East Williamsburg | $999.5K | $1.0M | +2.1% |
| Northern Brooklyn | $1.2M | $1.1M | -7.1% |
Housing Supply in Northern Brooklyn, NY
How many homes are available in Northern Brooklyn, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 406 | 359 | -11.6% |
Summary: The Northern Brooklyn real estate market had 359 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 113 | 94 | -16.8% |
| 2 Bedrooms | 100 | 85 | -15.0% |
| 3 Bedrooms | 64 | 57 | -10.9% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 108 | 99 | -8.3% |
Summary: The Northern Brooklyn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.8%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 33 | -29.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Brooklyn, expect to pay close to the asking price. 78.8% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Northern Brooklyn in November 2024, down by 29.8% month-over-month. Of the 33 sold homes, 15% were sold under asking, 79% were sold at asking, and 6% were sold over asking.
Days on Market for Northern Brooklyn, NY
How long does it take to sell a home in Northern Brooklyn, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 69 Days | -11.2% |
Summary: Homes in Northern Brooklyn had an average of 69 days on market in Nov 2024, down by 11.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northern Brooklyn has remained consistent over time.
Summary: During November 2024, 33 homes were sold in Northern Brooklyn; 3% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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