Brooklyn, NY 11206 Real Estate Market Report

ZIP Code: 11206
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Brooklyn, NY (11206) is currently experiencing a stabilization phase, with the median sold price reflecting this trend. The market has shown a flat price year-over-year trend, indicating a period of price consistency amidst evolving market dynamics. As buyers gain more negotiating power, the market appears to be transitioning towards a more balanced environment, characterized by elevated inventory levels relative to sales activity. This shift may suggest a cooling off from the previous seller-favorable conditions, allowing buyers to explore options more freely.

In terms of market velocity, transaction activity has moderated, resulting in slower sales velocity. The elevated inventory levels may contribute to this trend, as properties are taking longer to sell. Additionally, the rental market remains exceptionally tight, with a year-over-year trend indicating rising rents, further complicating the landscape for potential buyers. The elevated interest rate pressure adds another layer of complexity, potentially impacting buyer affordability and overall market liquidity.

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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

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price has remained stable, reflecting a flat price year-over-year trend.

2. Market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

3. Elevated inventory levels indicate excess supply relative to sales activity, leading to slower sales velocity.

4. The rental market is experiencing a year-over-year trend that is up, highlighting significant demand and price appreciation.

5. Interest rate pressure is elevated, which may affect buyer affordability and overall market dynamics.

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Notable Properties

The following 3 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.