Brooklyn’s housing market is setting new records in 2025, with both median and average sale prices climbing higher. At the same time, inventory levels are rising, giving buyers more options even as demand keeps the market competitive. For neighborhoods like Crown Heights, this balance of high demand and growing supply is especially noticeable.
📊 Key Numbers – Q2 2025
- Median sale price: $995,000 – slightly higher than last year, marking a record.
- Average sale price: $1.32 million – up about 5% compared with Q2 2024.
- Inventory: 3,363 homes listed – a modest increase from last year.
- Closed sales: 2,428 transactions – nearly unchanged year-over-year.
🔗 Source: Brooklyn Paper – “Brooklyn home prices rise again in Q2 2025”
https://www.brooklynpaper.com/brooklyn-home-prices-rise-q2-2025/
🏠 Market by Property Type
- One-to-three family homes: Median price at $1.2 million, up 9.1% from a year earlier. Price per square foot climbed 10.8% to $829.
- Condos: Median price dropped 3.7% to $1.045 million. Price per square foot fell 4.2% to $1,131.
- Co-ops: Median price steady near $520,000. Sales volume increased 10.4% to over 500 units.
🔗 Sources:
Brownstoner – “Brooklyn Home Prices Rise in the Second Quarter of 2025”
https://www.brownstoner.com/real-estate-market/brooklyn-home-prices-second-quarter-2025-report/
Brooklyn Paper – “Brooklyn home prices rise again in Q2 2025”
https://www.brooklynpaper.com/brooklyn-home-prices-rise-q2-2025/
📈 Inventory & Pricing Context – Q1 2025
In the first quarter, active listings increased 9.2% to 2,635 homes compared with the same period last year.
- Average price: $1,281,784 – up 7.7% year-over-year.
- Median price: $995,000 – up 4.7%, setting a borough-wide record.
- North Brooklyn: Price per square foot surged nearly 20%, reaching $1,367.
- New development: Price per square foot up 15.5%, reflecting buyer demand for new product.
🔗 Source: Brownstoner – “Brooklyn Real Estate Market Report Q1 2025”
https://www.brownstoner.com/real-estate-market/brooklyn-real-estate-market-report-q1-2025/
🏙 Development Spotlight – Downtown Brooklyn
Downtown Brooklyn saw the delivery of more than 3,700 new residential units in the first half of 2025, including over 1,000 affordable apartments. This wave of new construction has made it the borough’s most active development hub, reshaping supply and adding more options for buyers.
🔗 Source: New York Post – “Downtown Brooklyn is bursting with new housing options”
https://nypost.com/2025/08/19/real-estate/downtown-brooklyn-is-bursting-with-new-housing-options/
💡 Takeaways for 555 Properties Clients
Investors: Downtown Brooklyn’s surge in supply and North Brooklyn’s price growth highlight both opportunity and the need for smart timing.
Sellers: Single-family homes continue to achieve premium pricing – professional preparation remains critical, especially in high-demand areas like Crown Heights.
Buyers: More listings and slight softening in condos and co-ops provide room for negotiation.
Paraphrasing Statement:
This article is an original composition based on publicly available information and does not reproduce any content verbatim from the source.
About the Author:
Valerie Sebbag is a licensed Real Estate Broker at 555 Properties LLC, bringing years of experience in customer relations and real estate sales. Known for being driven, direct, and determined, Valerie guides buyers and sellers with honesty and professionalism.
📞 Contact Valerie: 917-623-6331
🌐 Visit: http://555Prop.com
Source: Brownstoner – Brooklyn Home Prices Set Record as Inventory Surges, May 2025
🔗 Link: https://www.brownstoner.com/real-estate-market/brooklyn-real-estate-market-report-q1-2025/
