$10,000 Closing Credit*
$1,750,000
1,076 SqFt
1 Bed
•2 Full Baths
#COMP-1728361236404119257, Debra Bondy, Listing Office: Compass
Is Prospect Heights, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Prospect Heights has remained a Seller's Market.
Key Takeaway
Prospect Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prospect Heights, NY
How much do homes in Prospect Heights, NY cost?
Median Sold Price
$1,397,164
$1,195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$37,836(-2.6%)
Key Takeaway
Homes in Prospect Heights have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Prospect Heights was $1,397,164 in November 2024, down 2.6% from last year, and the median price per square foot was $1,195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $795K | $751K | -5.5% |
| 2 Bedrooms | $1.3M | $1.3M | 0.2% |
| 3 Bedrooms | $2.0M | $2.0M | -3.6% |
| 4 Bedrooms | $2.9M | $3.0M | +3.3% |
| 5+ Bedrooms | $3.2M | $3.2M | -0.5% |
Summary: Prospect Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Greene | $1.4M | $1.6M | +14.0% |
| Central Brooklyn | $863.5K | $885.2K | +2.5% |
| Prospect Heights | $1.4M | $1.3M | -2.6% |
Housing Supply in Prospect Heights, NY
How many homes are available in Prospect Heights, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 38 | -28.3% |
Summary: The Prospect Heights real estate market had 38 homes for sale in November 2024, a 28.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 8 | -33.3% |
| 2 Bedrooms | 19 | 13 | -31.6% |
| 3 Bedrooms | 10 | 6 | -40.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Prospect Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
11 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. 91.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Prospect Heights in November 2024, up by 33.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 92% were sold at asking, and 0% were sold over asking.
Days on Market for Prospect Heights, NY
How long does it take to sell a home in Prospect Heights, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 50 Days | -16.7% |
Summary: Homes in Prospect Heights had an average of 50 days on market in Nov 2024, down by 16.7% 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 Prospect Heights has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Prospect Heights; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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