Is Brooklyn, NY 11241 a buyer’s or seller’s market?
Brooklyn is a seller’s market. With about 1.1 months of supply and 18% 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.
More competitive than 68% of U.S. ZIP codes, and #382 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Brooklyn housing market right now
In the three months ending August 31, 2026, 18% of homes in Brooklyn, NY 11241 sold above their list price, the typical home went under contract in 30 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (60 days then) and the median sale price rose 35% to $1,594,310. Overall, Brooklyn is more competitive than a year ago, so tougher for buyers.
On our competition score, Brooklyn ranks #382 of 649 NY ZIP codes with enough sales (score 65 out of 100).
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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 1.1 months of supply in Brooklyn, NY 11241 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 30 days in the latest three months.
Do homes in Brooklyn sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What is the median home price in Brooklyn?
The median sale price was $1,594,310 in the three months ending August 31, 2026, about $1,407 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