INSIGHTS 2025 Midyear Market Report by Daniel Gale Sotheby's International Realty

BROOKLYN, LONG ISLAND & QUEENS

2025 MIDYEAR MARKET REPORT

DEAR CLIENTS, FRIENDS, AND PARTNERS,

The second quarter of 2025 brought a renewed opportunity to the housing market particularly for buyers. With increased inventory and a seasonal lift in activity, motivated buyers found themselves better positioned than they have been in recent quarters.

Transaction volume rose over 6% from Q1 as more homes came to market, and while the median sales price edged up slightly, the pace of price growth continued to moderate. Homes also spent less time on the market, creating windows of opportunity for prepared buyers to move decisively.

Regionally, Brooklyn and Queens saw a modest dip in prices and faster-moving deals—especially in high-demand areas like Prospect Heights and Cobble Hill. On Long Island, Nassau and Suffolk experienced a rise in buyer activity alongside steady price appreciation, signaling that demand continues to strengthen.

In the Hamptons and North Fork, a slight pullback in pricing created new entry points for buyers in luxury segments, even as competition quietly intensified.

Affordability remains a challenge in many areas, particularly with mortgage rates still hovering near 7%. But as rates began to ease slightly toward the end of June, and with consumer confidence cooling, serious buyers found themselves with more room to negotiate and less pressure to compete.

At Daniel Gale Sotheby’s International Realty, we know that shifting markets reveal real opportunity but only when paired with real expertise. Our advisors are deeply rooted in the communities we serve and trusted for their ability to translate insight into action. As we move into the second half of the year, we encourage you to stay informed, remain nimble, and lean on our guidance because while the market may change, our role as your advisor never does.

Warm Regards,

Deirdre O’Connell Chief Executive Officer

Brooklyn & Queens

Number of Sales Vs. Median Sales Price

Nassau County & Suffolk County

Number of Sales Vs. Median Sales Price

Number of Sales

Bushwick, NY•

Brooklyn Queens

Nassau County

County

2025 Midyear Summary • January 1 – June 30, 2025

4,727 -4%

Number of Sales

Midyear 2025 vs 2024

92 -14%

Average Days on Market

Midyear 2025 vs 2024

$1.07M +8%

Median Sales Price

Midyear 2025 vs 2024

$1.37M +8%

Average Sales Price

Midyear 2025 vs 2024

2,665 +63%

Listing Inventory*

Midyear 2025 vs 2024

Brooklyn

Residential

2025 Midyear Summary • January 1 – June 30, 2025

Bay Ridge

Bedford Stuyvesant

Boerum Hill

Brooklyn Heights

Bushwick

Carroll Gardens

Clinton Hill

Cobble Hill

Crown Heights

Ditmas Park

Dumbo

East Williamsburg

Flatbush

Fort Greene

Greenpoint

Greenwood

Gowanus

Kensington

Midwood

Ocean Hill

Park Slope

Prospect Heights

Prospect Lefferts

Prospect Park South

Red Hook

Stuyvesant Heights

Sunset Park

Williamsburg

$1,125,000 $1,345,000 $1,689,000 $1,855,000 $980,000 $2,425,000 $1,185,000 $1,865,000 $1,329,967 $955,000 $1,825,000 $1,045,000 $855,000 $1,689,000 $1,647,019 $1,355,000 $1,285,000 $580,000 $994,500 $974,950 $1,850,000 $1,650,000 $1,067,081 $775,000 $1,062,000 $1,270,000 $1,040,000 $1,622,500 $1,216,300

Bay Ridge

Bedford Stuyvesant

Hill

UNIT SALES MEDIAN RENTAL PRICE DAYS ON MARKET

$3,150 $3,606 $2,550 $2,700 $3,200 $4,467 $4,350 $3,160 $2,600 $3,500

Bay Ridge

Bedford Stuyvesant

Boerum Hill

Brooklyn Heights

Bushwick

Carroll Gardens

Clinton Hill

Cobble Hill

Crown Heights

Ditmas Park

Dumbo

East Williamsburg

Flatbush

Fort Greene

Greenpoint

Greenwood

Gowanus

Kensington

Midwood

Ocean Hill

Park Slope

Prospect Heights

Prospect Lefferts

Prospect Park South

Red Hook

Stuyvesant Heights Sunset

DAYS ON MARKET

$1,397,500 $1,900,000 $3,900,000 $6,960,000 $1,227,500 $3,140,000 $2,600,000 $3,900,000 $1,500,000 $1,923,500$1,650,000 $1,014,500 $3,600,000 $2,512,500 $1,314,500 $2,037,500 $1,600,000 $1,250,000 $1,030,000 $3,194,402 $3,065,066 $1,860,000 $2,372,000 $955,000 $1,500,000 $1,490,000 $2,775,000 $2,100,000

Condos Brooklyn

Bay Ridge

Bedford Stuyvesant

Boerum Hill

Brooklyn Heights

Bushwick

Carroll Gardens

Clinton Hill

Cobble Hill

Crown Heights

Ditmas Park

Dumbo

East Williamsburg

Flatbush

Fort Greene

Greenpoint

Greenwood

Gowanus

Kensington

Midwood

Ocean Hill

Park Slope

Prospect Heights

Prospect Lefferts

Prospect Park South

Red Hook

Stuyvesant Heights

Sunset Park

Midyear 2025

$702,800 $983,851 $1,595,000 $3,315,000 $680,000 $1,550,000 $1,278,500 $1,712,500 $1,237,500$1,855,000 $955,000 $540,000 $1,415,000 $1,380,000 $1,390,000 $980,000 $609,000 $675,000 $587,500 $1,879,381 $1,950,000 $710,000 $714,500 $1,250,000 $1,067,500 $555,000 $1,535,000 $1,250,000

Co-Ops Brooklyn

Bay Ridge

Bedford Stuyvesant

Boerum Hill

Brooklyn Heights

Bushwick

Carroll Gardens

Clinton Hill

Cobble Hill

Crown Heights

Ditmas Park

Dumbo

East Williamsburg

Flatbush

Fort Greene

Greenpoint

Greenwood

Gowanus

Kensington

Midwood

Ocean Hill

Park Slope

Prospect Heights

Prospect Lefferts

Prospect Park South

Red Hook

Stuyvesant Heights

$475,000 $1,210,000 $715,000 $455,000 $1,080,000 $775,000 $995,000 $455,000 $435,000 $280,000

2025 Midyear Summary • January 1 – June 30, 2025

6,015 -5%

Number of Sales

Midyear 2025 vs 2024

87 -7%

Average Days on Market

Midyear 2025 vs 2024

$700K +5%

Median Sales Price

Midyear 2025 vs 2024

$782K +7%

Average Sales Price

Midyear 2025 vs 2024

5,007 +22%

Listing Inventory

Midyear 2025 vs 2024

DAYS ON MARKET

MEDIAN SELLING PRICE

$578,000 $770,000 $885,000 $775,000 $768,000 $810,000 $650,000 $430,000 $957,500 $846,000 $445,000 $503,000 $339,000 $427,500 $920,000 $876,000 $906,675 $455,000 $780,000 $395,000 $820,000 $1,100,000 $688,500 $480,000 $991,500 $812,000

Astoria

Bayside

Bellerose

College Point

Corona

Douglaston

East Elmhurst

Flushing

Forest Hills

Fresh Meadows

Glendale

Jackson Heights

Jamaica Estates

Kew Gardens

Little Neck

Long Island City

Maspeth

Middle Village

Oakland Gardens

Ozone Park

Rego Park

Richmond Hill Ridgewood

UNIT SALES

MEDIAN RENTAL PRICE DAYS ON MARKET

Town Homes

Midyear Summary • January 1 – June 30, 2025

Astoria

Bayside

Bellerose

College Point

Corona

Douglaston

East Elmhurst

Flushing

Forest Hills

Fresh Meadows

Glendale

Jackson Heights

Jamaica Estates

Kew Gardens

Little Neck

Long Island City

Maspeth

Middle Village

Oakland Gardens

Ozone Park

Rego Park

Richmond Hill

Ridgewood

St. Albans

UNIT SALES

MEDIAN SELLING PRICE DAYS ON

MARKET

Midyear 2025 Midyear 2025 Midyear 2024 Midyear 2025

$1,350,000 $1,150,000 $797,500 $925,000 $990,000 $1,275,000 $937,500 $1,178,000 $1,370,000 $1,170,000 $865,000 $1,075,000 $1,150,500 $1,055,000 $1,150,000 $1,261,000 $949,500 $952,500 $1,120,000 $780,000 $1,040,000 $822,500 $1,148,000 $690,000 $1,450,000 $1,157,500 $812,000 $1,225,000

Condos/Co-ops/HOA

Astoria

Bayside

Bellerose

College Point

Corona

Douglaston

East Elmhurst

Flushing

Forest Hills

Fresh Meadows

Glendale

Jackson Heights

Jamaica Estates

Kew Gardens

Little Neck

Long Island City

Maspeth

Middle Village

Oakland Gardens

Ozone Park

Rego Park

Richmond Hill

Ridgewood

St. Albans Sunnyside

$372,000 $285,000 $742,000 $315,000 $349,000 $395,000 $545,140 $362,000 $305,000 $419,000 $390,000 $250,000 $315,000 $365,000 $895,000 $513,198 $450,000 $320,000 $340,000

Nassau County

2025 Midyear Summary • January 1 – June 30, 2025

4,304 -5%

Number of Sales

Midyear 2025 vs 2024

57 -5%

Average Days on Market

Midyear 2025 vs 2024

$777K +7%

Median Sales Price

Midyear 2025 vs 2024

$946K +5%

Average Sales Price

Midyear 2025 vs 2024

2,943 +17%

Listing Inventory

Midyear 2025 vs 2024

Residential Nassau County

Albertson

Atlantic Beach

Baldwin / N. Baldwin / Baldwin Harbor

Bayville

Bellmore / N. Bellmore

Brookville

Carle Place

5-Towns

Centre Island

Cove Neck

East Rockaway

East Williston

East Hills

East Meadow

East Norwich

Floral Park

Franklin Square

Freeport

Garden City

Glen Cove

Glen Head / Glenwood Landing

Great Neck / Kings Point Greenvale

DAYS ON MARKET

MEDIAN SELLING PRICE

$945,000 $1,287,500 $700,000 $807,500 $770,000 $2,306,250 $839,000 $909,500 $7,000,000$636,500 $1,350,000 $1,760,000 $775,000 $877,500 $651,000 $792,500 $614,000 $1,280,000 $800,000 $1,030,000 $1,100,000$744,000 $632,500 $1,188,000 $2,300,000 $700,000

Residential Nassau County

Lido Beach

Locust Valley / Lattingtown

Manhasset

Manhasset Hills

Masspequa / Massapequa Park

Matinecock

Merrick / N. Merrick

Mill Neck

Mineola

Muttontown

New Hyde Park

North Hills

Oceanside

Old Brookville

Old Westbury

Oyster Bay

Oyster Bay Cove

Plainview

Point Lookout

Port Washington

Rockville

UNIT SALES MEDIAN SELLING PRICE DAYS ON MARKET

Midyear 2024 Midyear 2025

Midyear 2025 Midyear 2025

$617,500 $1,417,500 $735,838 $680,000 $760,500 $1,869,000 $1,369,000 $752,500 $1,900,000 $820,000 $2,680,000 $707,500 $2,000,000 $890,000 $2,555,000 $705,000 $2,425,000 $2,400,000 $900,000 $2,200,000 $889,000 $1,210,000 $1,131,250 $792,450 $1,275,000 $1,747,500 $2,100,000 $869,000

Residential Nassau County

NEIGHBORHOOD

South Hempstead

Sands Point

Sea Cliff

Seaford

Searingtown

Stewart Manor

Syosset

Upper Brookville

Valley Stream

West Hempstead

Wantagh

Westbury

Williston Park

Woodbury

$676,500 $3,500,000 $1,051,700 $780,000 $1,561,500 $740,750 $1,170,000

Nassau County

$422,500 $330,000 $822,500 $404,500 $1,100,000 $625,000 $1,725,000

Suffolk County

2025 Midyear Summary • January 1 – June 30, 2025

5,415 -3%

Number of Sales

Midyear 2025 vs 2024

55 0%

Average Days on Market

Midyear 2025 vs 2024

$655K +7%

Median Sales Price

Midyear 2025 vs 2024

$828K +9%

Average Sales Price

Midyear 2025 vs 2024

3,689 +19%

Listing Inventory

Midyear 2025 vs 2024

Melville, NY

Residential Suffolk County

Asharoken

Bellport

Centereach

Centerport

Cold Spring Harbor Commack

Dix Hills

East Northport East Islip

Greenlawn Hauppauge

Head

MARKET

$499,500 $595,000 $994,500 $1,135,000 $785,500 $1,175,000 $762,500 $665,000 $850,000 $720,000 $1,200,000 $875,000 $1,917,500 $622,000 $662,000 $678,000 $1,850,000 $2,450,000 $910,000 $657,500 $735,000 $767,000 $1,300,000 $1,069,500