Brooklyn, NY 11220 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

Market Trends & Context

Key Findings

1. The primary indicator, <b>median sold price: $1,163,000</b>, represents the neighborhood's recent transaction-level market value and should guide pricing decisions for SFR and condominium listings in ZIP 11220; this figure is based on a small sample of analyzed transactions (total sold properties analyzed: 5), which may limit statistical confidence.
2. The <b>median days on market: 469</b> points to extended time-to-sale and suggests pricing friction or slower sales velocity relative to faster-moving markets; sellers should expect longer marketing periods and consider targeted pricing or concessions to improve turnaround.
3. The <b>median price per square foot: $879</b> combined with the neutral market temperature (neutral) suggests recent transaction pricing is largely stable with modest softening pressure; list-price strategies should be set with cautious alignment to these realized per‑unit values rather than optimistic asking prices.
4. Rental dynamics show a strengthening trend with <b>median market rent: $2,700</b> and <b>rent year-over-year trend: up</b>, while <b>interest rate pressure: elevated</b> is an ongoing headwind for buyers; investors and owners considering conversions or leasing should weigh improving rental income against financing cost pressure.

Notable Properties

The following 7 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.