$10,000 Closing Credit*
$1,152,000
1,944 SqFt
3 Beds
•2 Full Baths
#488122, Listing Office: Century 21 MK Realty
Is Southeastern Brooklyn, 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, Southeastern Brooklyn has remained a Buyer's Market.
Key Takeaway
Southeastern Brooklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeastern Brooklyn, NY
How much do homes in Southeastern Brooklyn, NY cost?
Median Sold Price
$760,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,500(+3.2%)
Key Takeaway
Homes in Southeastern Brooklyn have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Southeastern Brooklyn was $760,000 in November 2024, up 3.2% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $202.5K | -4.3% |
| 2 Bedrooms | $539K | $560K | +3.9% |
| 3 Bedrooms | $720K | $760K | +5.6% |
| 4 Bedrooms | $845K | $872.5K | +3.3% |
| 5+ Bedrooms | $1.1M | $1.1M | +0.7% |
Summary: Southeastern Brooklyn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $736.5K | $760K | +3.2% |
| Bergen Beach | $840K | $863.7K | +2.8% |
| Mill Basin | $847.5K | $810K | -4.4% |
| Georgetown | $820K | $757.5K | -7.6% |
Housing Supply in Southeastern Brooklyn, NY
How many homes are available in Southeastern Brooklyn, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 283 | 270 | -4.6% |
Summary: The Southeastern Brooklyn real estate market had 270 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 22 | +10.0% |
| 2 Bedrooms | 53 | 46 | -13.2% |
| 3 Bedrooms | 103 | 97 | -5.8% |
| 4 Bedrooms | 40 | 38 | -5.0% |
| 5+ Bedrooms | 67 | 67 | 0.0% |
Summary: The Southeastern Brooklyn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 32 | -34.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeastern Brooklyn, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Southeastern Brooklyn in November 2024, down by 34.7% month-over-month. Of the 32 sold homes, 66% were sold under asking, 19% were sold at asking, and 16% were sold over asking.
Days on Market for Southeastern Brooklyn, NY
How long does it take to sell a home in Southeastern Brooklyn, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 142 Days | 78 Days | -44.6% |
Summary: Homes in Southeastern Brooklyn had an average of 78 days on market in Nov 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeastern Brooklyn has remained consistent over time.
Summary: During November 2024, 32 homes were sold in Southeastern Brooklyn; 28% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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