Brooklyn, NY 11223 Real Estate Market Report

ZIP Code: 11223
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Brooklyn, NY (ZIP: 11223) reflects a median sold price of $1,346,500, indicating a robust market with a notable appreciation trend. The neighborhood has increased 15% since 2023, showcasing strong demand and a willingness among buyers to invest at higher price points. Despite this upward trajectory in sold prices, the median days on market stands at 413, suggesting a slower sales velocity and potential pricing friction as properties linger longer before closing.

The market appears to be characterized by elevated inventory levels, with 5 active listings compared to 90 sold properties analyzed, indicating excess supply relative to sales activity. This dynamic may provide buyers with some negotiation leverage, even as the overall market temperature remains neutral. With median market rent at $3,330, the rental demand continues to support property values, although moderate interest rate pressure, with current 30-year fixed mortgage rates averaging 6.38%, may impact affordability for potential buyers.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Brooklyn, NY are averaging 6.38%, which is 0.26% higher than the previous week's average of 6.12%.

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. The median sold price of $1,346,500 indicates strong market appreciation, having increased 15% since 2023.

2. With a median days on market of 413, the market shows signs of slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more options and negotiation power.

4. The median market rent of $3,330 indicates strong rental demand, supporting overall property values in the area.

5. Moderate interest rate pressure, with current mortgage rates at 6.38%, may affect buyer affordability and market dynamics.

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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.