Is Brooklyn, NY 11243 a buyer’s or seller’s market?
Brooklyn is a seller’s market. With about 1.6 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Brooklyn housing market right now
In the three months ending August 31, 2026, 25% of homes in Brooklyn, NY 11243 sold above their list price, the typical home went under contract in 24 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 50%, homes sold faster (242 days then) and the median sale price rose 60% to $1,424,384. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.
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Where Brooklyn is
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Questions about Brooklyn real estate
Is Brooklyn a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Brooklyn, NY 11243 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 24 days in the latest three months.
Do homes in Brooklyn sell over asking?
25% 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 $1,424,384 in the three months ending August 31, 2026, about $1,164 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