Is Brooklyn, NY 11205 a buyer’s or seller’s market?

The Brooklyn housing market right now

In the three months ending August 31, 2026, 37% of homes in Brooklyn, NY 11205 sold above their list price, the typical home went under contract in 56 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 34%, homes sold more slowly (38 days then) and the median sale price fell 29% to $898,611. Overall, Brooklyn is less competitive than a year ago, which gives buyers more room.

Within Kings County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in 84%. On our competition score, Brooklyn ranks #387 of 649 NY ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Brooklyn 11239 (0% sold over asking) or Brooklyn 11237 (0% sold over asking), while Brooklyn 11215 (49% sold over asking) and Brooklyn 11217 (46% sold over asking) are even more competitive.