BROOKLYN MARKET UPDATE
JULY 2025
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Range Jul2024vs Jul2025
DAYS ON MARKET
InBrooklyn,contractssignedin residentialsalesdecreasedslightlyfrom 281lastyearto261thisyear,with mediandaysonmarket(DOM)rising marginallyfrom66toabout69days. Thissuggestsamodestcoolingbut stabledemand.
Mediansalepriceheldsteadynear$930K,whilepricepersquare footincreasednotablyfrom$836to$967,indicatingstrongervalueor smallerunitsizesdominatingclosedsales.
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Range Jul2024vs Jul2025
Condocontractsigningsdeclinedfrom 160to152,andmedianDOMshortened from76.5to69days,showingslightly fastersalesdespitefewerdeals.Price persquarefootremainedstablearound $1,300,reflectingsteadymarketpricing.
Mediancondosalepricessoftenedfromabout$1.1Mtojustunder $1M,withppsfnearlyunchangednear$1,180,signalingsomeprice compressioninrecordedpurchases.
Jintoorkar ASSOCIATEBROKER|DouglasElliman O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Range Jul2024vs Jul2025
Coopcontractssigneddroppedfrom88 to79,withmedianDOMincreasingfrom 58to66days,indicatingslowermarket movement.However,ppsfjumped significantlyfrom$627to$885, suggestingariseinvaluepersquare foot.
Mediancoopsalepricerosefrom$475Kto$523K,andppsf increasedfrom487to561,pointingtohigherpricesinrecordedsales andimprovedcoopmarketstrength.
6695615|M:516 6695615 anil.jintoorkar@elliman.com
Range Jul2024vs Jul2025
DAYS ON MARKET
Single-familyhomecontractsdipped from30to26,withmedianDOMup from75to82days,implyingslower buyeractivity.Pricepersquarefoot increasedfrom$752to$882,indicating priceappreciationinactivelistings.
Mediansalepricesshowedslightgrowthfrom$990Ktojustunder $1M,andppsfedgedupmodestlyfrom628to641,suggestingsteady butslowpricegainsinrecordedsingle-familysales.
NEWDEVELOPMENT
InBrooklyn,newdevelopmentcontractssigned increasedslightlyfrom71to74thisJuly,with daysonmarketremainingsteady,indicating stablebuyerinterestandmarketabsorption rates.
Currentunsoldinventorystandsat2,765units across462buildings,with463activelylisted, reflectingarelativelybalancedsupplyonthe marketdespiteasignificantdropinnew inventoryadditionsfrom280lastyeartoonly18 thisperiod.
CLOSINGS
Date Range Jul2024vs Jul2025
2,765 TotalNewUnits
463 2,302 UNITS
83%ofnewinventoryisunlisted
Mediansalepricesinnewdevelopmentsdippedto$997Kfrom $1.06Mlastyear,withpricepersquarefootalsodecliningmodestly, signalingaslightcooldownintransactionvaluesamidfewer recordedsales.
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com Brooklyn
LUXURYMARKETREPORT
$4M+PROPERTIES
CLOSINGS
Range Jul2024vs Jul2025
InBrooklyn'sluxurymarket,therewasa slightincreaseincontractssigned, risingfrom14lastyearto18currently, althoughpropertiesaretakinglongerto sellwithmediandaysonmarket increasingfrom81daysto98days.
Themediansalepriceintheluxurysegmentexperiencedaminor increaseto$5.4Mfrom$5.36Mlastyear,whilethepricepersquare footdippedslightlyfrom$1,715to$1,637.
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com Brooklyn
Range Jul2024vs Jul2025
Inthe$4Mto$10Mcategory,contract activityrosefrom14to18with propertiesseeingalongermarketing time,movingfromamedianof81to98 days.
CLOSINGS
Recordedsalesforhomesinthisrangesawamodestmedianprice boostto$5.15Mfrom$4.95M,asthepricepersquarefootsawan increasefrom$1,494to$1,637.
CLOSINGS
Nocontractsweresignedinthe$10M+ rangeduringeitheryear.
Forpropertiesover$10M,themedianrecordedsalepricefell dramaticallyfrom$22.1Mlastyearto$12.225M,withnocurrentperiod pricepersquarefootdataavailable. MEDIAN PRICE/SF
Anil Jintoorkar ASSOCIATEBROKER|DouglasElliman O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com Brooklyn
CONDO MARKETREPORT
Date Range Jul2024vs Jul2025
9.8%
InJuly2025,contractssignedforall residentialsalesinBrooklyndecreased slightlyto152from160ayearago,while mediandaysonmarketimprovedto69 from76.5,indicatingamodestdropin activitybutfastertransactionpace.
Mediansalespricedroppedto$996Kfrom$1.11Myear-over-year,with pricepersqftalsocoolingslightlyto1,184from1,195,reflectingamild pricecorrectionintheBrooklyncondomarket.
Jintoorkar
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Date Range Jul2024vs Jul2025
Studiocontractsdroppedconsiderably to6from11,withmediandaysonmarket increasingto103from92,signaling weakerdemandandlongersellingtime forthisunittype.
Medianstudiopricestickedupto$780Kfrom$725K,withpricepersq ftrisingto1,301from1,211,suggestingthatwhilefewercontractswere signed,pricingforsoldstudiossawmodestgains.
Brooklyn
ONE BEDROOMS
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Range Jul2024vs Jul2025
One-bedroomcontractsincreasedto 40from34,butmediandaysonmarket roseto85.5from75,showingamixed pictureofslightlyhigherdemandbut slowersalespace.
Medianpricefellto$815Kfrom$876K,andpricepersqftdippedto 1,162from1,174,indicatingsomesofteninginpricingforone-bedroom condoscomparedtolastyear.
Brooklyn
TWO BEDROOMS
CONDOMARKET-2BEDROOMS
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Range Jul2024vs Jul2025
Two-bedroomcontractsslightly declinedto73from76,withmedian daysonmarketsteadyaround63, reflectingstablebutmodestlyreduced interest.
Medianpricedecreasednotablyto$1.1Mfrom$1.34M,whilepriceper sqftdroppedto1,153from1,257,pointingtoamoresignificant coolingintwo-bedroomvalues.
Brooklyn
THREE BEDROOMS
Jul2024vs Jul2025
Three-bedroomcontractsfellto31from 36,butmediandaysonmarket improvedsharplyto47from89, indicatingfastersalesdespitesofter demand.
Medianpricerosesubstantiallyto$2.21Mfrom$1.56M,withpriceper sqftincreasingto1,479from1,233,showingstrongprice appreciationandvalueretentionforlargerunits.
Four-bedroomcontractsremainedvery low,droppingto2from3,whilemedian daysonmarketincreasedto236from 100,suggestinglongertimetoselllarger units.
Medianpriceclimbedto$3.39Mfrom$3.2M,thoughpricepersqft easedto1,314from1,410,reflectingmixedpricingdynamicsinthe luxurysegment.
Anil Jintoorkar ASSOCIATEBROKER|DouglasElliman O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Date Range Jul2024vs Jul2025
Contractssignedintheco-opmarket decreasedfrom88to79year-over-year, withmediandaysonmarketincreasing from58to65.5,indicatingaslightly slowerpaceofbuyeractivity.
Mediansalepricesroseto$523Kfrom$475KcomparedtolastJuly, withpricepersquarefootincreasingfrom$487to$561,reflecting strongerpriceappreciationinBrooklynco-ops.
Jintoorkar
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Date Range Jul2024vs Jul2025
Studioco-opcontractssigneddropped from9to7,andmediandaysonmarket lengthenedsignificantlyfrom79to126 days,suggestingweakerdemandand slowersalespace.
Medianstudiopricesfellto$270Kfrom$450K,thoughpriceper squarefootremainedstablearound$550,demonstratingsomeprice softeningbutconsistentvaluationperarea.
Brooklyn
ONE BEDROOMS
CO-OPMARKET-1BEDROOMS
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Range Jul2024vs Jul2025
One-bedroomco-opcontracts marginallydecreasedfrom38to37,with mediandaysonmarketsteadynear68 days,indicatingstablebuyerinterest andtimetosell.
Medianpricesdippedslightlyto$400Kfrom$435K,yetpriceper squarefootincreasedfrom$449to$483,showingvaluegainperunit areadespiteoverallpriceeasing.
Brooklyn
TWO BEDROOMS
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Jul2024vs Jul2025
Two-bedroomcontractsfellfrom34to 29,withdaysonmarketextendingfrom 52to60,pointingtosofterdemandand longerselltimesformid-sizedunits.
Medianpricesclimbedto$903Kfrom$763K,andpricepersquare footsurgedfrom$455to$657,highlightingstrongpricegrowthin two-bedroomco-opsdespitefewercontracts.
Brooklyn
THREE BEDROOMS
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Three-bedroomcontractsincreased slightlyfrom5to6,butmediandayson marketdoubledfrom37to73, indicatingslowermarketabsorptionfor largerunits.
Medianpricesrosemarkedlyto$1.87Mfrom$1.35M,thoughpriceper squarefootdeclinedfrom$804to$642,reflectinghigheroverall pricesbutlowerperunitareavalues.
Therewerenofour-bedroomcontracts signedthisperiodcomparedto2last year,suggestingverylimitedactivityin thissegment.
Medianpricesreached$2.25Mwithapricepersquarefootof$1,544 fromverylimitedsalesdata,indicatingahigh-valuebutthinlytraded segment.
Anil Jintoorkar ASSOCIATEBROKER|DouglasElliman O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com Brooklyn
Date Range Jul2024vs Jul2025
DAYS ON MARKET
Contractssignedincreasedslightlyto 70from69year-over-year,withmedian daysonmarketrisingto83from70.5, indicatinghomesaresellingabitslower despitesteadydemand.
Mediantownhousepricesroseto$1.23Mfrom$1.11M,reflectingasolid priceappreciation,whilepricepersquarefootalsoedgedupfrom $571to$599,showingcontinuedbuyerwillingnesstopaymoreper area.
BROOKLYN MONTHLY REAL ESTATE MARKET SNAPSHOT
In July 2025, Brooklyn's real estate market displayed varied trends across different market segments. Here's a brief analysis of the market types:
Marketwide
The overall market showed a decrease in activity, with contracts signed dropping by 24 15%, and new listings declining by 2 93% Average price per square foot (PPSF) increased by 2 49% while the average price fell by 5 68%, and the dollar volume shrank by 28 45% The recorded sales, however, reported a healthy increase of 24 85%
New Development
In new developments, contracts signed slightly reduced by 2.63%. The average PPSF marginally dipped by 0.96%, and the average price saw a decrease of 5 08% Although dollar volume was down 7.58%, recorded sales increased significantly by 27 08%
Luxury
The luxury market over $4M saw contracts decrease by 18.18% and new listings decline by 30%. Despite declines in some areas, recorded sales surged by 51.52%, and the average price grew by 16.90%, contributing to an increased dollar volume
Resale Condo
Resale condos experienced a 17 89% decrease in contracts signed, and new listings fell by 20.74%. Despite these reductions, recorded sales rose impressively by 49.25% and average price increased by 6 53%
Single-Family
Single-family homes had a noticeable decrease in contracts of 39.53%, with new listings down by 10.82%. However, recorded sales slightly increased by 1 28%, and the average price rose by 15.44%.
Multi-Family
In the multi-family segment, contracts dropped sharply by 49 43%, with average price descending by 6 85% Nonetheless, recorded sales climbed 22 76%, and the dollar volume grew 41 23%
Overall, the July 2025 Brooklyn real estate market showed a decline in new activity but increased recorded sales and price growth in various sectors, indicating a shift towards consolidating previous transactions
Monthly New Supply
Showing Monthly New Supply for any bedroom con guration in All Brooklyn for all prices
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Monthly Contract Activity
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Monthly Price Cuts
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Liquidity Pace Chart
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Supply
Showing Supply for any bedroom con guration in All Brooklyn for all prices
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Pending Sales
Showing Pending Sales for any bedroom con guration in All Brooklyn for all prices
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Days On Market
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Price Per Square Foot
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Monthly Closed Sales
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Median Sale Price
Showing Median Sale Price for any bedroom con guration in All Brooklyn for all prices
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Monthly Contract Activity
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Monthly New Supply
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Monthly Price Cuts
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Supply
Showing Supply for any bedroom con guration in All Brooklyn for all prices
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Pending Sales
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Price Per Square Foot
Showing Price Per Square Foot for any bedroom con guration in All Brooklyn for all prices
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Monthly Closed Sales
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Median Sale Price
Showing Median Sale Price for any bedroom con guration in All Brooklyn for all prices
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