Brooklyn, NY 11217 Real Estate Market Report

ZIP Code: 11217
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.

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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 primary market indicator is the median sold price of $4,550,000, which represents the most reliable recent transaction-level signal for neighborhood value and should guide pricing and underwriting decisions.

2. The market shows slow transaction velocity with a median days on market of 430, which suggests greater pricing friction and that sellers may need to allow extended marketing time or more flexible terms to transact; this appears consistent with a neutral overall market temperature.

3. Price and rental strength coexist: the median price per square foot is $1,473 and the median market rent is $4,750, while year-over-year trends show prices are up and rents are up, indicating ongoing rent-driven support for valuations in this ZIP code.

4. Liquidity and risk posture are mixed—market temperature is neutral but interest rate pressure is elevated (elevated); combined with the relatively constrained active supply in the analyzed sample, this suggests a balanced market that may experience periodic listing resistance and requires cautious underwriting and stress-testing against higher financing costs.

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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.

Brooklyn, NY 11217 Real Estate Market Report

ZIP Code: 11217
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

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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 primary indicator of market value is the median sold price, $1,775,000, which reflects representative recent sale levels in ZIP 11217 and should be treated as the main anchor for pricing decisions; neutral market temperature suggests no strong one-sided leverage between buyers and sellers.

2. The median listing price of $1,780,000 sits only marginally above the median sold price, indicating listing expectations are largely aligned with transaction outcomes and balanced pricing tension may persist rather than wide price concessions.

3. The median days on market of 540 is unusually long and points to slower sales velocity; this extended time-to-contract may indicate pricing friction or heightened buyer underwriting sensitivity and elevated days on market should be factored into time-to-sale and pricing strategies.

4. Valuation and rental context: the median price per square foot of 1,574 and median market rent of 5,002, combined with an upward price trend and upward rent trend, suggest ongoing rent-driven support for values, but elevated interest rate pressure may dampen affordability and curb transaction volume despite a price uptrend.

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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.