Is Brooklyn, NY 11229 a buyer’s or seller’s market?

The Brooklyn housing market right now

In the three months ending August 31, 2026, 9% of homes in Brooklyn, NY 11229 sold above their list price, the typical home went under contract in 83 days and there were 7.5 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 82 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (100 days then) and the median sale price rose 8% to $814,647. Overall, Brooklyn is about as competitive as it was a year ago.

Within Kings County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell less often over asking than in 95%. On our competition score, Brooklyn ranks #641 of 649 NY ZIP codes with enough sales (score 10 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.