Is Brooklyn, NY 11242 a buyer’s or seller’s market?
Brooklyn is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Brooklyn housing market right now
In the three months ending August 31, 2026, 0% of homes in Brooklyn, NY 11242 sold above their list price and the typical home went under contract in 92 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (1 days then) and the median sale price rose 18% to $1,399,394. Overall, Brooklyn is less competitive than a year ago, which gives buyers more room.
Run the numbers for 11242
Where Brooklyn is
Loading map…
Questions about Brooklyn real estate
How fast do homes sell in Brooklyn?
The typical home went under contract in 92 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 100.0% of the list price.
What is the median home price in Brooklyn?
The median sale price was $1,399,394 in the three months ending August 31, 2026.
Local agents
See all agents in 11242 →No sponsored agents in 11242 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 11242
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology