Is Brooklyn, NY 11238 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Brooklyn is a seller’s market. With about 1.6 months of supply and 39% 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.

Months of supply1.6Under 4 months = seller’s market

Sold above original list39%Share of sales, last 3 months

Median sale-to-list99.9%Sold price ÷ list price

Median days on market45Listing to accepted offer

Median price per sq ft$1,306▲ +2.1% vs. last year

Run the numbers for 11238

Prefilled for 11238Can I win this house?Multiple-offer likelihood for a listing Prefilled for 11238Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brooklyn 11201Seller’s market $1,355 /sq ft Brooklyn 11203Buyer’s market $432 /sq ft Brooklyn 11204Balanced $685 /sq ft Brooklyn 11205Seller’s market $1,061 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology