Is Brooklyn, NY 11206 a buyer’s or seller’s market?
Brooklyn is a buyer’s market. With about 8.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Brooklyn housing market right now
In the three months ending August 31, 2026, 36% of homes in Brooklyn, NY 11206 sold above their list price, the typical home went under contract in 34 days and there were 8.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (69 days then) and the median sale price fell 19% to $806,651. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.
Within Kings County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 81%.
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.
Run the numbers for 11206
Nearby markets
Brooklyn 11201Seller’s market $1,355 /sq ftBrooklyn 11203Buyer’s market $432 /sq ftBrooklyn 11204Balanced $685 /sq ftBrooklyn 11205Seller’s market $1,061 /sq ft Browse all markets →Towns like Brooklyn nearby
Find towns like Brooklyn in other states →Where Brooklyn is
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Questions about Brooklyn real estate
Is Brooklyn a buyer’s or seller’s market?
A buyer’s market: there were 8.1 months of supply in Brooklyn, NY 11206 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Brooklyn?
The typical home went under contract in 34 days in the latest three months.
Do homes in Brooklyn sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Brooklyn?
About 0.71% of a home’s value a year in Kings County, or roughly $2,840 on a $400,000 home.
What is the median home price in Brooklyn?
The median sale price was $806,651 in the three months ending August 31, 2026, about $993 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology