$3,495,000
2,700 SqFt
5 Beds
•4 Full Baths
#RPLU-21923240791, Nadine Adamson, Listing Office: Brown Harris Stevens Residential Sales LLC
Is Prospect Heights, 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, Prospect Heights has remained a Neutral Market.
Key Takeaway
Prospect Heights 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 Prospect Heights, NY
How much do homes in Prospect Heights, NY cost?
Median Sold Price
$1,352,500
$1,184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$32,500(-2.3%)
Key Takeaway
Homes in Prospect Heights have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Prospect Heights was $1,352,500 in October 2024, down 2.3% from last year, and the median price per square foot was $1,184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $729K | $772.5K | +6.0% |
| 2 Bedrooms | $1.3M | $1.3M | +0.9% |
| 3 Bedrooms | $2.0M | $2.0M | -3.6% |
| 4 Bedrooms | $2.7M | $3.4M | +23.6% |
| 5+ Bedrooms | $3.2M | $4.0M | +25.3% |
Summary: Prospect Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Greene | $1.3M | $1.5M | +15.6% |
| Prospect Heights | $1.3M | $1.3M | -2.3% |
| Clinton Hill | $1.0M | $999K | -4.8% |
Housing Supply in Prospect Heights, NY
How many homes are available in Prospect Heights, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 48 | -2.0% |
Summary: The Prospect Heights real estate market had 48 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Prospect Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Prospect Heights in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Prospect Heights, NY
We’re sorry, we don't have information for this market at the moment
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