Brooklyn, NY 11206 Real Estate Market Report

ZIP Code: 11206
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Brooklyn NY 11206 are 6.30% compared to the 5.87% average seen in February 2026, indicating that property owners who originated loans earlier this year secured more favorable terms.

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. median sold price remains the primary indicator of market value and recent transaction activity; current data show the neighborhood's price trend is down, which suggests recent transactions are occurring at softer price points than a year ago and may indicate pricing pressure for sellers.

2. median market rent $3,795 is elevated and, combined with the up rent year-over-year trend, suggests stronger fundamentals for rental income even as sale prices soften, which may support buy-to-rent strategies if acquisition pricing can be negotiated.

3. market temperature: neutral—market conditions appear balanced rather than strongly favoring buyers or sellers; paired with the analyzed sample indicating relatively constrained active supply, this may produce pockets of pricing friction and selective liquidity depending on condition and price.

4. interest rate comparison 6.30% vs 5.87% shows moderate interest rate pressure (moderate), meaning owners who originated loans earlier this year have more favorable terms; this differential may reduce seller urgency and contribute to slower transaction velocity.

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Notable Properties

The following 1 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.

Brooklyn, NY 11206 Real Estate Market Report

ZIP Code: 11206
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Brooklyn NY 11206 are 6.30% compared to the 5.87% average seen in February 2026, indicating that property owners who originated loans earlier this year secured more favorable terms.

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 primary market indicator, median sold price: $972,000, signals current realized value in the 11206 ZIP and aligns with an observed down price year-over-year trend, suggesting recent transaction prices are softer than a year prior.

2. The median days on market: 350 points to a market with slower sales velocity, and this extended time-to-sale appears alongside relatively constrained active supply in the analyzed sample, which may indicate pricing friction rather than rapid turnover.

3. The median price per square foot: $963 and median market rent: $4,020 together indicate high per-unit pricing with rents trending up (up), supporting continued rental demand even as sale prices soften.

4. Market balance signals are mixed: the market temperature: neutral and interest rate pressure: moderate suggest a broadly balanced market environment, while the property rate comparison—Current 30-year fixed mortgage rates in Brooklyn NY 11206 are 6.30% compared to the 5.87% average seen in February 2026—may advantage earlier originators and add caution for new buyers considering rate exposure.

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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.