Brooklyn, NY 11223 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

Key Findings

1. The primary indicator of recent market value is the $1,733,000 median sold price, which positions recent transactions at a relatively high-dollar tier and should be treated as the representative recent sale for pricing comps rather than asking prices; representative recent sale.
2. Liquidity appears soft: the median days on market 353 suggests slower sales velocity and meaningful pricing friction that may require sellers to accept longer marketing windows or increased negotiation; declining transaction pace.
3. Pricing trajectory is showing headwinds: the price year-over-year trend: down is consistent with localized price declines and increased buyer negotiation power, while the market temperature: neutral indicates the balance between buyers and sellers remains roughly even; down.
4. Income-side signals are supportive for landlords: the median market rent $2,600 and the rent year-over-year trend: up indicate rising rental cash flow demand even as sales prices soften, but sellers face elevated interest rate pressure (interest rate pressure: elevated) that can contribute to a rate-lock gridlock for some owners.

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.