Brooklyn, NY 11217 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The primary indicator, median sold price: 3,700,000, signals that transaction-level value in Brooklyn 11217 is concentrated in the high-end bracket and should be treated as the representative recent sale metric when valuing nearby SFR and condominium offerings (representative recent sale).
2. Liquidity appears slow relative to transaction expectations: median days on market: 461 suggests extended marketing periods and pricing friction, which may indicate sellers need realistic pricing or targeted staging to accelerate closings.
3. Price structure shows premium density: median price per square foot: 1,480 implies unit-level pricing is elevated for comparables, so underwriters and investors should prioritize floorplan efficiency and renovation upside when assessing comps (up in price year-over-year supports selective appreciation).
4. Rental backdrop and financing context create mixed incentives: median market rent: 4,700 combined with a elevated interest rate environment (current 30-year fixed rates ~6.5%) and rising rent year-over-year suggests stronger short-term rental income potential but higher borrowing costs, so investors should model cashflow conservatively given interestRatePressure is elevated.

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.