Brooklyn, NY 11220 Real Estate Market Report

ZIP Code: 11220
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The primary market signal for Brooklyn, NY (11220) is the median sold price of $1,350,500, which represents the most reliable indicator of realized value in recent transactions. Transaction velocity appears slow given the median days on market of 420 days, which may indicate pricing friction or longer negotiation timelines rather than immediate urgency to sell. The observed median price per square foot of $886.0258868648131 and a median market rent of $3,316 together suggest continued price appreciation alongside meaningful rental demand.

Price and rent trends are both reported as up year-over-year, while broader market signals show a neutral market temperature, suggesting balance between buyer and seller motivations. At the same time, elevated interest rate pressure—including a current 30-year fixed mortgage rate averaging 6.46%, about 0.25% higher than the 6.21% average in early April 2025—is likely constraining some purchase activity and pushing more households toward renting. Interpret these indicators with medium-confidence sourcing; the long sales timelines and elevated rates together suggest a market that is appreciating but leaning toward buyers in negotiating leverage and longer time-to-close dynamics.

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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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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Brooklyn, NY are averaging 6.46%, which is 0.25% higher than the 6.21% average seen in early April 2025.

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. $1,350,500 median sold price indicates continued realized appreciation; given the up price year-over-year trend, sellers can expect firm but selective pricing power in negotiated deals.

2. 420 days median days on market signals slower transaction velocity and potential pricing friction; sellers should plan for extended marketing periods and buyers can expect more negotiation runway.

3. $886.0258868648131 median price per square foot combined with $3,316 median market rent suggests rent-driven demand is supporting elevated valuations, so investors should weigh rent growth against financing costs.

4. Interest rate pressure is elevated (current 30-year fixed ~6.46%, ~0.25% above early April 2025), which may sustain stronger rental demand and temper buyer urgency; price and rent trends remain neutral to up but financing headwinds are a material constraint.

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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.