Brooklyn, NY 11201 Real Estate Market Report

ZIP Code: 11201
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Brooklyn, NY (ZIP: 11201) is currently characterized by a median sold price of $6,089,166.50, reflecting a cooling trend with moderate price appreciation. This indicates a down trend in the market, as evidenced by the overall price dynamics. The market appears to be experiencing slower transaction volume, as suggested by the 401 days median days on market, which may indicate a shift towards more buyer-friendly conditions amidst elevated interest rate pressure.

Inventory levels are elevated relative to sales activity, contributing to a market temperature classified as cold. While rental demand remains robust, with a median market rent of $4,980, rent growth is moderating, reflecting the broader economic pressures influencing buyer behavior. The current property tax rate stands at 1.2439%, which may also impact overall affordability and buyer sentiment in this segment of the market.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Brooklyn, NY are averaging 6.38%, which is 0.29% lower than the 6.67% average from this time last year.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $6,089,166.50 suggests a market that has seen down trends in pricing.

2. With a median days on market of 401, properties are experiencing slower sales velocity, indicating potential pricing friction.

3. The elevated inventory levels relative to sales activity suggest excess supply in the market.

4. The median market rent of $4,980 indicates strong rental demand, although growth is moderating.

5. Current interest rate pressure is elevated, which may be influencing buyer behavior and overall market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.