New - 1 day on Rocket
$10,000 Closing Credit¹
#RLS11033288, Monica Luque, Listing Office: Douglas Elliman Real Estate
Dumbo Housing Market Report January 2025•Kings County, New York
Housing Prices in Dumbo, NY
How much do homes in Dumbo, NY cost?
Housing Market Conditions
Is Dumbo, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Dumbo is a Buyer's Market
Difference Since January 2024
Since last year, Dumbo has remained a Buyer's Market.
Insight
Dumbo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$1,850,000$1,265/SqFt
-$725,000
-28.2%
Based on all homes sold in the last 12 months
Insight
Homes in Dumbo have sold for 28.2% less than they did a year ago.
Summary: The median home sold price in Dumbo was $1,850,000 in January 2025, down 28.2% from last year, and the median price per square foot was $1,265.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Brooklyn Heights | $1.4M | $1.9M | +33.7% |
| Downtown Brooklyn | $1.4M | $1.4M | +2.3% |
| Northwestern Brooklyn | $1.4M | $1.4M | -0.9% |
| Dumbo | $2.5M | $1.8M | -28.2% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $1.6M | $1.0M | -33.4% |
| 22 Bedrooms | $1.8M | $1.6M | -9.3% |
| 33 Bedrooms | $4.7M | $3.2M | -32.2% |
| 44 Bedrooms | $7.7M | $7.2M | -6.1% |
| 55+ Bedrooms | $7.8M | - | N/A |
Summary: Dumbo housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -33.4%. The home price for 2 bedroom homes decreased by -9.3%. The home price for 3 bedroom homes decreased by -32.2%. The home price for 4 bedroom homes decreased by -6.1%. The home price for 5 bedroom homes did not change.
Housing supply in Dumbo, NY
How many homes are available in Dumbo, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 39Last MonthJan 2025 | ||
| 402 months agoDec 2024 | -2.5 % Change MoMDec – Jan |
Summary: The Dumbo real estate market had 39 homes for sale in Jan 2025, a 2.5 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 82 months agoDec 2024 | -75.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 8 | 7 | -12.5% |
| 22 Bedrooms | 20 | 19 | -5.0% |
| 33 Bedrooms | 8 | 9 | +12.5% |
| 44 Bedrooms | 3 | 3 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Dumbo housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -12.5%. The inventory for 2 bedroom homes decreased by -5.0%. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Dumbo, NY cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price0 Home
Insight
If you're buying a home in Dumbo, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Dumbo in January 2025, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.
Days on Market for Dumbo, NY
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Dumbo, NY
What homes are available in Dumbo, NY?
New - 2 days on Rocket
$10,000 Closing Credit¹
#RLS11033139, Lindsey Robinson, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#RLS11032316, Jessica Swersey, Listing Office: Compass
$10,000 Closing Credit¹
#RLS11031528, Amy Martinez Miller, Listing Office: Corcoran Group
#RLS11031388, Karen Heyman Defontes, Listing Office: Sothebys International Realty
#RLS11031169, Macie Barnes, Listing Office: Prevu Real Estate LLC
$8,609 Closing Credit¹
#RLS11029854, Deborah Rieders, Listing Office: Corcoran Group
#RLS11026989, Karen Heyman Defontes, Listing Office: Sothebys International Realty
#RLS11024693, Fredrik Eklund, Listing Office: Douglas Elliman Real Estate
#RLS11025666, Jessica Peters, Listing Office: Douglas Elliman Real Estate
#RLS11025394, Karen Heyman Defontes, Listing Office: Sothebys International Realty
$10,000 Closing Credit¹
#RLS11027663, Brandon Mason, Listing Office: Douglas Elliman Real Estate
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Based on information from Real Estate Board of New York, Brooklyn MLS, and OneKey MLS for the period 02/01/2023 - 02/01/2025
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Last updated on: 2/9/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 2/9/2025, 5:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 2/9/2025, 5:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.