Brooklyn’s housing market spent the summer of 2026 in a holding pattern, and for buyers that is quietly good news. Prices were essentially flat, sales held steady, and a lot more homes came to market than a year ago, which means more choice and a little more negotiating room. Sellers are still selling, in about three months on average, but the quarter also produced about two and a half expired listings for every closed sale. The gap between the homes that sold and the homes that expired came down to one thing, as it usually does: the asking price.

All figures are from OneKey MLS for Kings County (Brooklyn), covering residential and residential income homes (single family, duplex, triplex, condominium, and stock cooperative), July through September 2026, compared with the same months in 2025. Median price and days on market are monthly figures averaged across the quarter.

• Home Prices
• Closed Sales
• Days on Market
• New Listings
• Active Listings
• Expired Listings
• In a Nutshell

The quarter at a glance:

Measure	Q3 2026	Q3 2025	Change
Median sale price (quarterly average)	$836,193	$854,167	down 2.1%
Closed sales	260	251	up 3.6%
Average days on market (CDOM)	91	85	up 7.0%
New listings	735	612	up 20.1%
Active listings (quarterly average)	1,242	1,098	up 13.1%
Expired listings	660	635	up 3.9%

Home Prices

The median sale price averaged $836,193 across the quarter, down 2.1 percent from $854,167 in Q3 2025 and essentially unchanged from Q2 2026, when the median averaged $835,833. July was the strongest month at $899,000, nearly identical to the $900,000 of July 2025. August came in at $800,000 (down 3.0 percent year over year) and September at $809,580 (down 3.3 percent).

Read plain, Brooklyn prices are leveling off after a long run up, not falling. A two percent quarterly dip spread across three months is a plateau, and it hands buyers something they have not had much of in recent years: a little room to negotiate without bidding against the whole borough.

Closed Sales

Brooklyn recorded 260 closed sales in Q3, up 3.6 percent from 251 a year earlier and nearly identical to the 261 closed in Q2 2026. The quarter started slowly: July closed 85 sales against 100 last year (down 15.0 percent). August and September more than made it back, closing 90 (up 20.0 percent) and 85 (up 11.8 percent) respectively.

With mortgage rates spending the quarter above 7 percent, steady sales tell a simple story. Buyers have adjusted to the rate environment and are transacting anyway, especially when a home is priced to the current market rather than to last year’s hopes.

Days on Market

Homes that sold in Q3 took an average of 91 days (cumulative days on market), up 7.0 percent from 85 days a year ago. The monthly pace was remarkably consistent: 91 days in July, 92 in August, and 91 in September.

The more useful comparison is with the spring. In Q2 2026 the average was 113 days, so summer sellers actually saw homes move about 19 percent faster than spring sellers did. Last year’s third quarter was unusually brisk in August and September (78 and 79 days), which makes this year’s steady 91 look slower than it felt on the ground.

New Listings

Sellers brought 735 new listings to market in Q3, up 20.1 percent from 612 a year earlier. July posted 279 (up 24.6 percent) and September surged to 269 (up 40.1 percent), while August dipped to 187 (down 4.6 percent). The quarter trailed the 778 new listings of Q2 by 5.5 percent, which is normal: spring is always the biggest listing season.

The takeaway is that Brooklyn homeowners were far more willing to test the market this summer than last. That willingness is what rebuilt the borough’s inventory.

Active Listings

Active listings averaged 1,242 during the quarter, up 13.1 percent from 1,098 in Q3 2025. Every month ran ahead of last year: July at 1,278 (up 13.0 percent), August at 1,215 (up 11.7 percent), and September at 1,232 (up 14.7 percent). Inventory has climbed steadily all year, from about 1,083 active listings in January to 1,232 in September.

For buyers, this is the most meaningful change in the report. More active listings means real choice, fewer forced compromises, and time to compare instead of rushing.

Expired Listings

Expired listings totaled 660 in Q3, up 3.9 percent from 635 a year earlier, with each month modestly ahead of last year (July 220, August 206, September 234). Set against 260 closed sales, roughly two and a half listings expired for every one that sold.

That ratio is the clearest signal in this quarter’s data. Demand is there and homes priced to the market are selling in about three months. The expired pile is mostly homes that asked for more than the market would pay and never adjusted. In a quarter where the median price slipped two percent, holding out for last year’s number was the costliest strategy a seller could pick.

In a Nutshell

Brooklyn in Q3 2026 was a market finding its balance. Prices flattened near a median of $836,000, sales stayed steady at 260, and homes sold in about 91 days. Supply grew on both measures, with new listings up 20.1 percent and active listings up 13.1 percent, giving buyers the most choice they have had in several summers. Expired listings rose to 660, a reminder that this market rewards realistic pricing and quietly punishes anything else.

For sellers: the buyers are real, but they are comparing your home against more alternatives than last year. Price to today’s market and the three month timeline is very achievable. For buyers: more inventory and flat prices mean leverage you did not have in 2024 or 2025, particularly on homes that have been sitting. The best Brooklyn homes still move, so the advantage goes to buyers who are prepared and decisive.

Questions about what these numbers mean for your home or your search? Call the Brooklyn Home Team at 718-968-5538 or write to info@nyhometeams.com. We are glad to walk through the numbers and the timeline with you.