Is Brooklyn, NY 11216 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 11216 sold above their list price, the typical home went under contract in 57 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 16%, homes sold more slowly (55 days then) and the median sale price held steady to $1,575,318. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.

Within Kings County, homes here sell faster than in 59% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Brooklyn ranks #450 of 649 NY ZIP codes with enough sales (score 50 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.