Brooklyn, NY 11220 Real Estate Market Report

ZIP Code: 11220
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

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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 neighborhood's median sold price is 1,252,500, which serves as the primary indicator of market value and suggests recent transactions are supporting a stable-to-moderate price level in the area. neutral

2. Transaction velocity appears slow based on a median days on market of 438, which may indicate extended marketing times and pricing friction rather than immediate liquidity; sellers should prepare for longer time-to-contract and buyers can expect more negotiation runway. moderate

3. Pricing density remains elevated with a median price per square foot of 874, reinforcing that recent closed deals are occurring at a premium per unit area—underwrite comps to this level for both SFR and condominium underwriting. up

4. Market dynamics show up for price and rent year-over-year trends alongside elevated interest rate pressure; landlords and investors should note the median market rent of 2,750 while accounting for higher financing costs when modeling cash flow and purchase leverage.

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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 11220 Real Estate Market Report

ZIP Code: 11220
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.

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Key Findings

1. The primary indicator of recent transaction value is the median sold price of $574,500, which points to stable-to-moderate appreciation when considered alongside broader price signals and actual closed transactions.

2. Liquidity appears muted with a median days on market of 444, which suggests slower sales velocity and potential pricing friction despite a market that overall reads as neutral in temperature.

3. Price sensitivity persists at the unit level: the median price per square foot is $869, and investors should treat recent sales as the most reliable signal for valuing SFR and condo opportunities rather than asking prices.

4. Rents and financing dynamics are important near-term drivers — median market rent is $2,600 and rents are trending up, while interest rate pressure is elevated; together these factors may support pricing but could also moderate buyer activity, leaving the market appearing relatively balanced rather than one-sided.

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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.