New - 18 hours on Rocket
#RLS11028068, Nicholas Dorr-Hanss, Listing Office: Douglas Elliman Real Estate
Northern Brooklyn Housing Market Report December 2024•Kings County, New York
Housing Prices in Northern Brooklyn, NY
How much do homes in Northern Brooklyn, NY cost?
Housing Market Conditions
Is Northern Brooklyn, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Northern Brooklyn is a Neutral Market
Difference Since November 2024
Last month, Northern Brooklyn was a Buyer's Market.
Insight
Northern Brooklyn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$1,335,000$1,318/SqFt
+$185,000
+16.1%
Based on all homes sold in December 2024
Insight
Homes in Northern Brooklyn have sold for 16.1% more than they did a month ago.
Summary: The median home sold price in Northern Brooklyn was $1,335,000 in December 2024, up 16.1% from last month, and the median price per square foot was $1,318.
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $912.5K | $900K | -1.4% |
| 22 Bedrooms | $1.5M | $1.6M | +4.8% |
| 33 Bedrooms | $2.0M | $1.6M | -20.0% |
| 44 Bedrooms | $1.6M | $3.7M | +129.6% |
| 55+ Bedrooms | $1.7M | $1.3M | -22.5% |
Summary: Northern Brooklyn housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes decreased by -1.4%. The home price for 2 bedroom homes increased by +4.8%. The home price for 3 bedroom homes decreased by -20.0%. The home price for 4 bedroom homes increased by +129.6%. The home price for 5 bedroom homes decreased by -22.5%.
Housing supply in Northern Brooklyn, NY
How many homes are available in Northern Brooklyn, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 313Last MonthDec 2024 | ||
| 3572 months agoNov 2024 | -12.3 % Change MoMNov – Dec |
Summary: The Northern Brooklyn real estate market had 313 homes for sale in Dec 2024, a 12.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 47Last MonthDec 2024 | ||
| 352 months agoNov 2024 | +34.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 106 | 86 | -18.9% |
| 22 Bedrooms | 95 | 85 | -10.5% |
| 33 Bedrooms | 49 | 45 | -8.2% |
| 44 Bedrooms | 21 | 20 | -4.8% |
| 55+ Bedrooms | 86 | 77 | -10.5% |
Summary: Northern Brooklyn housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -18.9%. The inventory for 2 bedroom homes decreased by -10.5%. The inventory for 3 bedroom homes decreased by -8.2%. The inventory for 4 bedroom homes decreased by -4.8%. The inventory for 5 bedroom homes decreased by -10.5%.
Asking Price vs. Sold Price
How much do homes in Northern Brooklyn, NY cost?
Over Asking Price3 Homes
At Asking Price37 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Northern Brooklyn, expect to pay close to the asking price. 78.7% of homes here sold near the asking price last month.
Summary: A total of 47 homes were sold or pending in Northern Brooklyn in December 2024, up by 34.3% month-over-month. Of the 47 sold homes, 15% were sold under asking, 79% were sold at asking, and and 6% were sold over asking.
Days on Market for Northern Brooklyn, NY
How long does it take to sell a home in Northern Brooklyn, NY?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Many homes in Northern Brooklyn are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 47 homes were sold in Northern Brooklyn; 6% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 44 DaysLast MonthDec 2024 | ||
| 69 Days1 month agoNov 2024 | -36.6 % Change MoMNov – Dec |
Summary: Homes in Northern Brooklyn had an average listing age of 44 days in Dec 2024, down by 36.6% compared to the previous month.
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Newest Listings in Northern Brooklyn, NY
What homes are available in Northern Brooklyn, NY?
New - 1 day on Rocket
Listing Office: J D Alber Realty LLC
New - 1 day on Rocket
$10,000 Closing Credit¹
#RLS11030508, Grigoriy Vladimirskiy, Listing Office: Serhant
New - 1 day on Rocket
$10,000 Closing Credit¹
#RLS11030543, Khamida Tilloeva, Listing Office: Corcoran Group
New - 2 days on Rocket
$10,000 Closing Credit¹
#RLS11030540, Jordan Crystal, Listing Office: Brown Harris Stevens Residential Sales LLC
New - 2 days on Rocket
$10,000 Closing Credit¹
#RLS11030484, David Eskander, Listing Office: Douglas Elliman Real Estate
New - 3 days on Rocket
#RLS11030089, Rotem Lindenberg, Listing Office: Compass
New - 3 days on Rocket
$10,000 Closing Credit¹
#RLS11029887, Grigoriy Vladimirskiy, Listing Office: Serhant
New - 3 days on Rocket
$10,000 Closing Credit¹
#RLS11030063, Nathan Horne, Listing Office: Compass
New - 4 days on Rocket
$10,000 Closing Credit¹
#RLS11029893, Jessica Peters, Listing Office: Douglas Elliman Real Estate
New - 5 days on Rocket
$10,000 Closing Credit¹
#RLS11029321, Geri Epstein, Listing Office: Brown Harris Stevens Residential Sales LLC
New - 5 days on Rocket
$10,000 Closing Credit¹
#RLS11029453, Jessica Peters, Listing Office: Douglas Elliman Real Estate
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Based on information from Real Estate Board of New York, OneKey MLS, and Brooklyn MLS for the period 11/01/2024 - 01/01/2025
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/26/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/25/2025, 10:56:48 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.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/26/2025, 1:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.