Brooklyn, NY 11230 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market signal is the median sold price of 1,917,000, which indicates resilient nominal values despite slower transaction velocity; flat year-over-year price movement appears to reflect stabilization rather than rapid appreciation or decline.
2. The median days on market of 66 suggests longer marketing times and pricing friction that may require seller concessions or more competitive pricing strategies to accelerate closings.
3. The median price per square foot of 948 combined with the median market rent of 3,500 highlights sustained rental demand even as sales cool; investors should note rental strength while underwriting cashflow assumptions conservatively.
4. Financing conditions are a material headwind: elevated interest rate pressure and the note that Current 30-year fixed mortgage rates in Brooklyn 11230 are approximately 7.14%, which is 0.48% higher than the 6.66% average observed during the summer of 2026, suggest buyer affordability is compressed and may continue to weigh on transaction volume.

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.