Is Brooklyn, NY 11228 a buyer’s or seller’s market?

The Brooklyn housing market right now

In the three months ending August 31, 2026, 27% of homes in Brooklyn, NY 11228 sold above their list price, the typical home went under contract in 82 days and there were 5 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 50 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (56 days then) and the median sale price fell 5% to $1,279,446. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.

Within Kings County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell more often over asking than in 62%. On our competition score, Brooklyn ranks #563 of 649 NY ZIP codes with enough sales (score 31 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.