Ryan Roberts' Market Report

Brooklyn, NY 11216

Single-Family Homes

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


Current active inventory in Brooklyn, NY 11216 is very low. Keep this in mind when looking at this report.

Brooklyn, NY 11216

Sun May 05 2024
This week the median list price for Brooklyn, NY 11216 is $1,562,500 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has decreased to 2. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Brooklyn, NY 11216

Sun May 05 2024
This week the median list price for Brooklyn, NY 11216 is $1,562,500 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has decreased to 2. 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 Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Brooklyn market.
Median List Price $1,562,500
Median Price of New Listings $0
Per Square Foot $1,077
Average Days on Market 175
Median Days on Market 175
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 43
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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
$2,200,000 2,615 0 - 4,500 sqft 5 2 114 0 0 63
$925,000 704 0 - 4,500 sqft 2 2 125 0 0 287