Brooklyn Real Estate Market Report: Q4 2025, a real estate market report produced by the Brooklyn Home Team at Keller Williams Realty Landmark II. Data updated quarterly. Need Help? Contact Us. 718-968-5538

Data Source: OneKey MLS

Market Snapshot

Welcome to 2026! It’s January in NYC and if you’re anywhere near New York, then you already know that we have had a real Winter this year. As we start the new year, we always like to reflect on the previous year and forecast what we “think” may happen in the year ahead. Our team has been around since 2013, and our founders started in 2008 so we have seen a buyers’ market turn into a sellers’ market, and a seller’s market turn into what we have today, a bifurcated market. That said, if you follow our reports then you know that we like to look at the actual data and extrapolate what we can from it in order to see where we are, and where we may be headed in the near future.

Closing out 2025 and reviewing the data, we can say for sure that home sales were up over 2024. We can also see that the median price for a residential property (coop, condo, 1-3 family) in Brooklyn rose again in 2025. This was likely due to the strong home buyer demand in Brooklyn, as well as the continuous low levels of inventory across the borough.

As for the fourth quarter, home sales were up 6.5% quarter over quarter, and up about 7% year over year. Home prices on the other hand, were down 2% quarter over quarter, and up about 8% year over year. New listings were up 6.7% quarter over quarter and up about 49% year over year. This may look like a dramatic increase, but it is likely due to more Realtors using the OneKey MLS for advertising Brooklyn listings. And as for active listings, they were flat quarter over quarter and up about 6% year over year. Mortgage rates ended the year lower than what we had in Dec 2024 so that’s good for home buyers, and month’s supply (measure of supply and demand) was 8.6 months to end the year. That’s up from the 6.1 months supply we had at the end of 2024.

All in all the market was fairly active in 2025, and based on our firsthand experience, it looks like properties continued to sell all year. For example, of the 26 listings that we took last year, 23 of them sold or are pending. 3 properties expired or were withdrawn off of the market, one of which was in Nassau county. Of the two that were in NYC, one of them was actually pending but the deal died because one of the tenants did not vacate by closing and it led to an eviction proceeding. The other one was a 3 bedroom coop which we had on the market, but the sellers decided to keep it and rent it out instead. So, as you can see, properties have still been selling.

In 2025, what we experienced most as a team were the following…

1. Single family homes are still in high demand.

2. Multi family homes that are vacant or guaranteed delivered vacant are also in high demand.

3. Apartments in poor – original condition seem to have the lowest buyer demand as those buyers do not want to do any renovation work, unless the price is very good.

4. Condos in areas with a lot of new construction and/or competing inventory seem to be struggling because they are in deep buyer’s markets and buyers have a lot of options.

5. Coops in good – excellent condition seem to still be moving well, as long as they are priced right.

6. 2 bedroom coops have generally been selling better than 1 bedrooms.

7. Apartments with parking and/or outdoor space seem to do very well in comparison to other units.

8. Properties with tenant issues must be priced aggressively in order to attract potential buyers.

9. Tenant issues seem to be more common and are becoming a big challenge for homeowners who want to sell for full market value.

10. 4-6 family homes have suffered value decreases due to rising property taxes, low rent rolls, and general investor sentiment.

Hope this is all helpful! We’ll continue to watch the market and keep you posted on any new developments.

Month’s Supply

What is Month’s Supply? Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale.

Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.

Month’s Supply in Brooklyn NY

………. # Homes currently Available for Sale: 1,091 (Last Month: 1,047)

………. Average # of Homes selling each month: 90 (Last Month: 90)

………. Month’s Supply: 12.1 (Last Month: 11.6)

……….. Market in Favor of: Buyers

Closed Home Sales

The One Key MLS reported a total of 279 closed home sales in the 4th quarter of 2025. This was UP 6.5% from the previous quarter and UP 6.9% compared to the same quarter last year.

Median Home Price

As for Home Prices, the One Key MLS reported a median home price in Brooklyn of $825,000. This is DOWN 2% from the previous quarter and UP 8.1% compared to the same quarter last year.

Mortgage Rates

Mortgage Rates Close Out Extremely Flat Week

Fri, Jan 23 2026, 2:49 PM

This week’s only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rates recovered only modestly when those threats abated–a fact that had everything to do with the bond market refusing to return to last week’s levels and nothing to do with any mortgage-specific issue.

If anything, the mortgage market is in the midst of stunning outperformance relative to the Treasury benchmarks. Take the ubiquitous 10yr Treasury yield, for example, which is still closer to its highest levels since early September. In contrast, average mortgage rates are much closer to their lowest levels over the same time frame.

Today was the least eventful of the week with the average lender holding right in line with yesterday’s latest levels. (view article)

New Listings

As for New Listings, the One Key MLS reported a total of 681 new listings in Q$ 2025. That’s UP 6.7% from the previous quarter and UP 48.7% compared to the same quarter last year.

Active Listings

As for active inventory, at the end of Q4 the One Key MLS reported a total of 1,091 residential properties for sale. That’s UP .5% from the previous quarter and UP 6.1% compared to same quarter last year.

Brooklyn Real Estate Market 2025, provided by the Brooklyn Home Team at Keller Williams Realty Landmark II. Have a Question? Contact Us anytime.

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From the Blog and YouTube Channel

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About Us

The Brooklyn Home Team is a group of friendly, service driven real estate agents in Brooklyn NY. Our team members are not only experts at what they do, but more importantly, they are driven by their desire to help people. The team approach is what truly separates us from the average Brooklyn broker, because while most agents are one person doing several things, we have several agents doing one thing, and being great at it! This ensures expertise throughout all stages of the transaction and allows us to provide the superior level of service our clients deserve. We understand that real estate is a service industry, therefore we treat it as such. Rest assured that when you work with the Brooklyn Home Team, you’ll be in good hands, with people who care ?

*The opinions expressed in This Brooklyn Real Estate Market Report are intended to supplement opinions on real estate expressed by local and national media, local Brooklyn real estate agents and other expert sources. You should not treat any opinion expressed on this report as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. The Brooklyn Home Team at Keller Williams Realty Landmark II does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involve some degree of risk. The Brooklyn Home Team will not be liable for any loss or damage caused by your reliance on information contained in this report.