Brooklyn, NY 11230 Real Estate Market Report

ZIP Code: 11230
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed market rates in Brooklyn, NY 11230 are averaging 6.37%, reflecting the prevailing cost of borrowing for property owners in this market as of May 2026.

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 primary indicator of market value is the median sold price of 1,683,000, which, together with a down price year-over-year trend and a cold market temperature, suggests recent transactions are showing downward price pressure and increased buyer negotiating power.

2. Observed liquidity is weak: the median days on market of 453 points to slower sales velocity and greater pricing friction, which may indicate extended marketing periods before achieving a representative recent sale.

3. Pricing intensity remains high on a unit basis with a median price per square foot of 895, which—when combined with long days on market—suggests sellers may need to adjust expectations or offer concessions to align with realized transaction prices.

4. Rental dynamics are diverging from sales: the median market rent is 2,850 and the rent year-over-year trend is up, while elevated interest rate pressure and current 30-year fixed rates averaging 6.37% create higher carrying costs that may weigh on buyer affordability and sustain demand for rentals.

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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 11230 Real Estate Market Report

ZIP Code: 11230
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed market rates in Brooklyn, NY 11230 are averaging 6.37%, reflecting the prevailing cost of borrowing for property owners in this market as of May 2026.

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 neighborhood's primary market signal is the median sold price of $636,000, which represents the most reliable indicator of realized value and should be the focal point for pricing and offer strategy.

2. The market shows significantly slower sales velocity as indicated by a median days on market of 456, consistent with a cold market temperature and suggesting increased negotiating leverage for buyers and longer listing exposures for sellers.

3. Pricing exhibits notable per-unit valuation at a median price per square foot of $705, which, together with elevated interest rate pressure, points to pricing friction between seller expectations and buyer affordability; current 30-year fixed rates are averaging 6.37%, which may further suppress buyer purchasing power.

4. The rental side shows a median market rent of $3,090 with rents trending up, indicating strengthening rental demand for smaller units and supporting income-oriented investment cases even as sales market activity cools.

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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.