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

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 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.

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.