Is Brooklyn, NY 11207 a buyer’s or seller’s market?

The Brooklyn housing market right now

In the three months ending August 31, 2026, 31% of homes in Brooklyn, NY 11207 sold above their list price, the typical home went under contract in 67 days and there were 10 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 33 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (81 days then) and the median sale price held steady to $749,176. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.

Within Kings County, homes here sell more slowly than in 59% of the county’s ZIP codes, and sell more often over asking than in 78%. On our competition score, Brooklyn ranks #542 of 649 NY ZIP codes with enough sales (score 36 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.