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Brooklyn NY Real Estate Market Overview


Median Listing Price


Median Sale Price per Sq. Ft.


Median Sold Price


Median Days on Market

Brooklyn, NY Real Estate Market Overview

The Brooklyn housing market has seen a slight decline in median prices yet remains notably higher than the national average, presenting unique comparisons in the real estate landscape.

Current Market Trends: What Buyers Need to Know

Insights into Brooklyn's housing market:

Median Home Prices: Brooklyn witnessed a modest decrease of 2.6% in the median sale price of homes, settling at $925,000 compared to the previous year.

Price per Square Foot: There's been a notable decline of 9.22% in the median sale price per square foot, now standing at $630.

Comparison with National Averages:

Price Comparison: Brooklyn's median sale price is notably higher, approximately 123% higher than the national average.

Overall Cost Comparison: The overall cost of living in Brooklyn is approximately 63% higher than the national average.

Engage with The Novo Team

For personalized guidance and expert assistance in navigating Brooklyn's dynamic real estate market, trust The Novo Team. With a commitment to exceptional service and a comprehensive understanding of the local market, The Novo Team is equipped to help you achieve your real estate goals in Brooklyn.

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The Novo Collective offers over 30+ years of expertise in the New York Metro marketplace producing hundreds of millions in sales. Our scope is expansive. We house competencies ranging from: New Development Marketing, Processes and Controls Design, Brand Management and Licensing, to Private Sector Consulting and North Fork - Hamptons Markets.