Ryan Roberts' Market Report

Brooklyn, NY 11205

Single-Family Homes

Prudential Douglas Elliman | (718) 780-8135 | ryan.roberts@elliman.com


Current active inventory in Brooklyn, NY 11205 is very low. Keep this in mind when looking at this report.

Brooklyn, NY 11205

Sat May 04 2024
This week the median list price for Brooklyn, NY 11205 is $6,900,000 with the market action index hovering around 18. This is less than last month's market action index of 25. Inventory has held steady at or around 1. Click here to stay informed with the Brooklyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Brooklyn, NY 11205

Sat May 04 2024
This week the median list price for Brooklyn, NY 11205 is $6,900,000 with the market action index hovering around 18. This is less than last month's market action index of 25. Inventory has held steady at or around 1. Click here to stay informed with the Brooklyn market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Brooklyn market.
Median List Price $6,900,000
Median Price of New Listings $0
Per Square Foot $1,380
Average Days on Market 70
Median Days on Market 70
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 18
Slight Buyer's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$6,900,000 5,000 0 - 4,500 sqft 6 4.5 119 0 0 70