Park Slope remains one of Brooklyn’s most sought-after neighborhoods, offering a blend of historic charm and modern amenities. As of mid-2025, the housing market in Park Slope has shown resilience, with notable trends in both sales and rentals.
📊 Market Overview
- Median Listing Price (July 2025): $1.4 million, a decrease of 12.8% year-over-year. (realtor.com)
- Median Sale Price (July 2025): $1.5 million, reflecting a 14.9% increase year-over-year. (propertyshark.com)
- Median Price per Square Foot: $1,462, up 8.7% from the previous year. (propertyshark.com)
- Number of Transactions (July 2025): 59, an 11.3% increase from the previous year. (propertyshark.com)
These figures indicate a competitive market, with rising prices despite a decrease in listing prices, suggesting strong buyer demand.
🏘️ Rental Market Trends
- Median Rent (Brooklyn, April 2025): $3,995 per month, showing a 1% increase year-over-year. (streeteasy.com)
- Recent Rent Increase in Park Slope: A 2-bedroom apartment at 505 12th Street saw a rent hike of $500, bringing the monthly rent to $5,495, marking an 8.94% increase. (streeteasy.com)
These trends highlight the ongoing demand in the rental market, with significant year-over-year increases.
🏗️ Completed Developments (Last 6 Months)
- The Slope on Fifth (445 5th Avenue): A six-story mixed-use building featuring 30 luxury condominium units with an average size of 991 square feet. The project also includes 23,359 square feet of commercial space and 24 enclosed parking spaces. New York YIMBY
- Paseo on 5th (120 5th Avenue): A six-story mixed-use building offering 180 residences, with 45 units available through the NYC Housing Connect lottery for households earning 130% of the area median income. New York YIMBY
- Kay’s Place (224 12th Street): An 11-story residential building providing 44 residences, with 25 units designated for residents at 60 to 80 percent of the area median income. New York YIMBY
🏗️ Active Developments (Over 30 Units)
- 67 4th Avenue: A proposed 14-story mixed-use building with plans for 67 units. New York YIMBY
- 341 10th Street: A large-scale mixed-use development featuring 305 new apartments, with 162 designated as permanently affordable. The project also includes 154 existing affordable units. Brooklyn Paper
- Arrow Linen Site: A proposed development involving two 10-story buildings, replacing the longtime industrial laundry site. Brownstoner
🏢 Local Organizations Supporting the Community
- Park Slope Civic Council: Focuses on preserving the neighborhood’s character and promoting community engagement. parkslopeciviccouncil.org
- Fifth Avenue Committee: Works on affordable housing development and community organizing. fifthave.org
- Park Slope Parents: A community group offering resources and support for families in the area. parkslopeparents.com
🌳 Top 5 Amenities in Park Slope
- Prospect Park: A 585-acre green space offering recreational activities, cultural events, and natural beauty. prospectpark.org
- Brooklyn Public Library – Park Slope Branch: Provides educational resources and community programs. bklynlibrary.org
- Prospect Park YMCA: Offers fitness facilities and youth programs. ymcanyc.org
- Park Slope Food Coop: A member-owned grocery store focusing on organic and sustainable products. foodcoop.com
- Local Dining Scene: A variety of restaurants offering diverse cuisines, contributing to the neighborhood’s vibrant atmosphere.
👤 About the Author
Valerie Sebbag is the licensed real estate broker and founder of 555 Properties LLC, based in Crown Heights, Brooklyn. With over 27 years of experience in customer relations, Valerie has built a reputation for providing personalized, results-driven service to buyers, sellers, and investors. Fluent in English, French, Arabic, and Hebrew, she is committed to making the real estate process seamless and rewarding for her clients.
For more detailed information and resources, you can visit the following links:Local Organizations Supporting the Community
Brooklyn Public Library – Park Slope Branch
A branch of the Brooklyn Public Library offering a wide range of resources and programs to the community.
🌐 https://www.bklynlibrary.org/locations/park-slope
Park Slope Civic Council
A volunteer-led organization dedicated to preserving the character and vitality of the Park Slope neighborhood.
🌐 https://parkslopeciviccouncil.org
Fifth Avenue Committee
A non-profit organization advancing economic, social, and racial justice in New York City through affordable housing, grassroots organizing, policy advocacy, and transformative education and social services.
🌐 https://fifthave.org
Park Slope Parents
A community of Brooklyn parents who share advice and support on various aspects of parenting and family life.
🌐 https://www.parkslopeparents.com
Prospect Park Alliance
The non-profit organization that sustains, restores, and advances Prospect Park, working in partnership with the City of New York.
🌐 https://www.prospectpark.org
