$10,000 Closing Credit*
$2,269,999
4,596 SqFt
5 Beds
•3 Full Baths, 1 Partial
#487476, Listing Office: Maximillion Realty, Inc.
Is Southeastern Brooklyn, 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, Southeastern Brooklyn has remained a Seller's Market.
Key Takeaway
Southeastern Brooklyn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeastern Brooklyn, NY
How much do homes in Southeastern Brooklyn, NY cost?
Median Sold Price
$763,750
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+3.8%)
Key Takeaway
Homes in Southeastern Brooklyn have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Southeastern Brooklyn was $763,750 in October 2024, up 3.8% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $205K | -3.1% |
| 2 Bedrooms | $515K | $530K | +2.9% |
| 3 Bedrooms | $720K | $760K | +5.6% |
| 4 Bedrooms | $850K | $865K | +1.8% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.9% |
Summary: Southeastern Brooklyn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $735.7K | $763.7K | +3.8% |
| Flatlands | $662.5K | $682.5K | +3.0% |
| Bergen Beach | $852.5K | $872.5K | +2.3% |
| Mill Basin | $845K | $810K | -4.1% |
| Georgetown | $830K | $757.5K | -8.7% |
Housing Supply in Southeastern Brooklyn, NY
How many homes are available in Southeastern Brooklyn, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 291 | 278 | -4.5% |
Summary: The Southeastern Brooklyn real estate market had 278 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 17 | +13.3% |
| 2 Bedrooms | 57 | 53 | -7.0% |
| 3 Bedrooms | 111 | 97 | -12.6% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 64 | 68 | +6.3% |
Summary: The Southeastern Brooklyn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 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. 54.2% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Southeastern Brooklyn in October 2024, up by 23.1% month-over-month. Of the 48 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 107 Days | +12.2% |
Summary: Homes in Southeastern Brooklyn had an average of 107 days on market in Oct 2024, up by 12.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeastern Brooklyn has remained consistent over time.
Summary: During October 2024, 48 homes were sold in Southeastern Brooklyn; 29% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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