Ryan Roberts' Market Report

Brooklyn, NY 11231

Single-Family Homes

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


Current active inventory in Brooklyn, NY 11231 is very low. Keep this in mind when looking at this report.

Brooklyn, NY 11231

Sun May 05 2024
This week the median list price for Brooklyn, NY 11231 is $2,650,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has decreased to 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Brooklyn, NY 11231

Sun May 05 2024
This week the median list price for Brooklyn, NY 11231 is $2,650,000 with the market action index hovering around 56. This is an increase over last month's market action index of 49. Inventory has decreased to 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.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Brooklyn market.
Median List Price $2,650,000
Median Price of New Listings $0
Per Square Foot $1,380
Average Days on Market 140
Median Days on Market 140
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 56
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
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N/A N/A N/A N/A N/A N/A N/A N/A N/A
$2,650,000 1,920 0 - 4,500 sqft 2 3.5 93 0 1 140