Is Brooklyn, NY 11237 a buyer’s or seller’s market?
Brooklyn is a buyer’s market. With about 8.8 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, 0% of homes in Brooklyn, NY 11237 sold above their list price, the typical home went under contract in 74 days and there were 8.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (50 days then) and the median sale price rose 18% to $1,326,926. Overall, Brooklyn is less competitive than a year ago, which gives buyers more room.
Within Kings County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Brooklyn 11215 (49% sold over asking) and Brooklyn 11217 (46% sold over asking) are even more competitive.
Run the numbers for 11237
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 8.8 months of supply in Brooklyn, NY 11237 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 74 days in the latest three months.
Do homes in Brooklyn sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% 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 $1,326,926 in the three months ending August 31, 2026, about $663 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