$7,066 Closing Credit¹
#RLS20006979, Nicole KELLY, Listing Office: Serhant
Prospect Park South Housing Market Report February 2025•Kings County, New York
Housing Prices in Prospect Park South, NY
How much do homes in Prospect Park South, NY cost?
Median List Price
$825,000$834/SqFt
+$65,500
+8.6%
Based on all homes listed in the last 12 months
Insight
The list price of homes in Prospect Park South has increased by 8.6% since last year.
Summary: The median home list price in Prospect Park South was $825,000 in February 2025, up 8.6% from the previous year, and the median price per square foot was $834.
Median List Price By Neighborhoods
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Ditmas Park | $699K | $999.9K | +43.1% |
| Flatbush | $615K | $787K | +28.0% |
| Prospect Park South | $759.5K | $825K | +8.6% |
| Prospect Lefferts Gardens | $1.1M | $1.1M | +6.3% |
Median List Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $604.5K | $599K | -0.9% |
| 22 Bedrooms | $675K | $752K | +11.4% |
| 33 Bedrooms | $877.5K | $875K | -0.3% |
| 44 Bedrooms | $1.0M | $1.0M | 0.0% |
| 55+ Bedrooms | $2.9M | $2.8M | -5.3% |
Summary: Prospect Park South housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.9%. The home price for 2 bedroom homes increased by +11.4%. The home price for 3 bedroom homes decreased by -0.3%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -5.3%.
How does Prospect Park South, NY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Prospect Park South, NY
Housing supply in Prospect Park South, NY
How many homes are available in Prospect Park South, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthFeb 2025 | ||
| 222 months agoJan 2025 | -4.5 % Change MoMJan – Feb |
Summary: The Prospect Park South real estate market had 21 homes for sale in Feb 2025, a 4.5 % decrease compared to Jan 2025.
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 13 | 13 | 0.0% |
| 33 Bedrooms | 3 | 3 | 0.0% |
| 44 Bedrooms | 0 | 0 | 0.0% |
| 55+ Bedrooms | 6 | 4 | -33.3% |
Summary: Prospect Park South housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -33.3%.
Asking Price vs. Sold Price
How much do homes in Prospect Park South, NY cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price0 Home
Insight
If you're buying a home in Prospect Park South, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Prospect Park South in February 2025, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.
Days on Market for Prospect Park South, NY
How long does it take to sell a home in Prospect Park South, NY?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days2 Homes
Insight
Most homes in Prospect Park South are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 2 homes were sold in Prospect Park South; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 304 DaysThis YearFeb 2025 | ||
| 268 Days1 year agoFeb 2024 | +13.7 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Prospect Park South had an average listing age of 304 days in Feb 2025, up by 13.7% compared to the previous year.
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Newest Listings in Prospect Park South, NY
What homes are available in Prospect Park South, NY?
$10,000 Closing Credit¹
#RLS20005166, Steeven Isaac Nelson, Listing Office: Compass
$9,726 Closing Credit¹
#RLS20004903, MICHELLE SHAW-CLOUSE, Listing Office: Weichert Properties
$8,301 Closing Credit¹
#RLS20003214, Melissa Vance, Listing Office: Sothebys International Realty
$8,301 Closing Credit¹
#RLS11032972, Alana McIntosh, Listing Office: Keller Williams Realty Empire
$8,313 Closing Credit¹
#818765, Listing Office: Poljan Properties Inc.
$8,313 Closing Credit¹
#RLS11031639, Peter J Poljan, Listing Office: POLJAN PROPERTIES INC
$10,000 Closing Credit¹
#RLS11030076, Crystal Chancey, Listing Office: Serhant
$10,000 Closing Credit¹
#809394, Listing Office: Skyline Residential & Comm Inc
#L3581160, Listing Office: 5 Boro Realty Corp
$9,500 Closing Credit¹
#RLS10975411, Wan-In Wendy Tsang, Listing Office: Compass
$7,719 Closing Credit¹
#RLS10980959, Terrence T Harding, Listing Office: Compass
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Based on information from Real Estate Board of New York, and OneKey MLS for the period 03/01/2023 - 03/01/2025
©2025 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
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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: 3/14/2025, 12:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
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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: 3/14/2025, 12:11:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.