South Brooklyn Housing Market Report February 2025•Kings County, New York

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Housing Prices in South Brooklyn, NY

How much do homes in South Brooklyn, NY cost?

Housing Market Conditions

Is South Brooklyn, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

South Brooklyn is a Buyer's Market

Difference Since February 2024

Since last year, South Brooklyn has remained a Buyer's Market.

Insight

South Brooklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,650,000$1,225/SqFt
+$28,010
+1.7%

Based on all homes sold in the last 12 months

Insight

Homes in South Brooklyn have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in South Brooklyn was $1,650,000 in February 2025, up 1.7% from last year, and the median price per square foot was $1,225.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
South Slope
+1.7%
South Brooklyn
+1.7%
Gowanus
-8.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$750K$765K
+2.0%
2$1.3M$1.3M
-1.4%
3$2.0M$2.1M
+5.9%
4$3.0M$2.9M
-3.0%
5$3.5M$3.6M
+2.1%

Summary: South Brooklyn housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.0%. The home price for 2 bedroom homes decreased by -1.4%. The home price for 3 bedroom homes increased by +5.9%. The home price for 4 bedroom homes decreased by -3.0%. The home price for 5 bedroom homes increased by +2.1%.

How does South Brooklyn, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

South Brooklyn, NY

Housing supply in South Brooklyn, NY

How many homes are available in South Brooklyn, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
368Last MonthFeb 2025
4072 months agoJan 2025
-9.6 %
Change MoMJan – Feb

Summary: The South Brooklyn real estate market had 368 homes for sale in Feb 2025, a 9.6 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
49Last MonthFeb 2025
632 months agoJan 2025
-22.2 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
2124110
-11.3%
310283
-18.6%
56863
-7.4%
17171
0.0%
44241
-2.4%

Summary: South Brooklyn housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes decreased by -11.3%. The inventory for 3 bedroom homes decreased by -18.6%. The inventory for 5 bedroom homes decreased by -7.4%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -2.4%.

Asking Price vs. Sold Price

How much do homes in South Brooklyn, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price45 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in South Brooklyn, expect to pay close to the asking price. 91.8% of homes here sold near the asking price last month.

Summary: A total of 49 homes were sold or pending in South Brooklyn in February 2025, down by 22.2% month-over-month. Of the 49 sold homes, 6% were sold under asking, 92% were sold at asking, and and 2% were sold over asking.

Days on Market for South Brooklyn, NY

How long does it take to sell a home in South Brooklyn, NY?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days6 Homes

Over 90 Days31 Homes

Insight

Most homes in South Brooklyn are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 49 homes were sold in South Brooklyn; 2% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
156 DaysThis YearFeb 2025
39 Days1 year agoFeb 2024
+301.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in South Brooklyn had an average listing age of 156 days in Feb 2025, up by 301.1% compared to the previous year.

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Newest Listings in South Brooklyn, NY

What homes are available in South Brooklyn, NY?

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Based on information from Real Estate Board of New York, Brooklyn MLS, and OneKey MLS for the period 03/01/2023 - 03/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 3/14/2025, 8:20:56 AM 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: 3/14/2025, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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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Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
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, 8:12:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.