MEDIAN SALE PRICE
$1,204,339
-24% YoY Change
AVERAGE DAYS ON MARKET
50 Days
+19% YoY Change
Condos led the momentum on pricing, with the median sale price up about 7% and the average price up nearly 3% compared to Q1. However when we look at YOY the average sale price dropped 23% to ~$1.39M, reflecting a great opportunity for buyers who are interested in calling Downtown Brooklyn home. Homes also sold more quickly primarily due to a decrease in inventory, with average days on market dropping from 80 to 50.
AVERAGE SALE PRICE
$1,188,483
-7% YoY Change
MEDIAN SALE PRICE
$931,000
+1% YoY Change
AVERAGE DAYS ON MARKET
92 Days
+35% YoY Change
Co-ops also posted price gains, though more modest, with the median price rising just over 2% and the average about 6% versus Q1. At the same time, days on market stretched from 67 to 92, showing that buyers are still active but taking longer to move forward.
Click here for a deeper look into the metrics of the overall Brooklyn market for Q2
AVERAGE SALE PRICE
$1,582,052
–6% YoY Change
MEDIAN SALE PRICE
$1,610,467
+5% YoY Change
AVERAGE DAYS ON MARKET
56 Days
–3%YoY Change
Two-bedroom condos experienced a slight rebound in Q2, with both prices and sales pace improving. The median sale price increased 13% and the average was up 10% compared to Q1. Although average prices dropped slightly versus last year, due to a handful of properties closing lower, the overall median is up ~5%.
AVERAGE SALE PRICE
$1,607,951
–9% YoY Change
MEDIAN SALE PRICE
$1,566,573
–17% YoY Change
AVERAGE DAYS ON MARKET
66 Days
+12%YoY Change
Q2 brought slight price increases for two-bedroom co-ops, offset by longer selling timelines. The median price edged up just over 2% and the average climbed 7% from the first quarter, despite showing YOY drops. However, homes took longer to trade, with days on market increasing from 42 to 66. Compared with a year ago, both median and average prices remain lower, and the longer timelines suggest buyers are approaching these properties more cautiously despite the recent uptick in values.
Why Downtown Brooklyn Stays in Demand
Downtown Brooklyn continues to attract buyers with its unique mix of convenience, culture, and community. From new developments and amenity-rich towers to classic co-ops on quieter blocks, the neighborhood offers a range of options, all within easy reach of world-class dining, shopping and transit.
Jackie Rossiter and Debbie Zolan of The Zolan Rossiter Team at Compass understand the nuances of a changing market. From pinpoint pricing to high-impact marketing, they help sellers and buyers, tenants and landlords navigate what’s next, without pressure, just perspective.
Contact The Zolan Rossiter Team today for a personalized home evaluation or to explore your options.
