2,838 homes closed in Brooklyn between April and June: condos, co-ops, and houses, recorded sale by recorded sale. Starting with this edition, every number in this report comes from that closed-sales record itself, pulled and computed by our team, not lifted from somebody's press release. Here's what the quarter actually looked like, and what to do about it whether you're buying or selling.
Where prices actually sit
The median Brooklyn sale in the second quarter closed at $1,075,000 (Compass closed-sales records, Q2 2026). Underneath that number, three very different markets. Houses, from brownstones to two-families, posted the highest median at $1,265,000 across 1,316 sales. Condos ran close behind at $1,221,900 across 978 closings. And co-ops remain the borough's affordability lane: 544 sales with a median of $443,914, most of that stock sitting south of the brownstone belt.
Averages run higher, the way they always do when a few eight-figure townhouse closings land in the mix. The average Q2 sale came in at $1,476,920, and the average price per square foot at $977 across the 2,458 sales that report size (Compass closed-sales records, Q2 2026).
Speed tells the sharper story. Among the roughly two-thirds of sales that report marketing time, the median home went from listing to contract in 55 days, and the typical sale closed about 2% under its final asking price. Meanwhile 39% of sales closed at or above ask (Compass closed-sales records, Q2 2026). Well-priced listings are moving, and a meaningful share are getting bid to ask or past it.
Rates haven't given anyone a reason to rush or to wait. Since the quarter closed, the 30-year fixed has held a tight band: 6.49% at the end of June, a dip to 6.43%, then back to 6.49% and 6.55% for the week ending July 16, still below the 6.75% of a year ago (Freddie Mac). That's kept the market steady rather than frenzied: demand is real, and pricing discipline decides who wins.
Fouad Rahmé
Founder, the Rahmé Team at Compass
The Rahmé Team advises buyers, sellers, investors, and developers across Brooklyn, with 40 years of combined experience, more than 1,000 clients and transactions, and over $800 million in career sales, $167 million of it since 2020. RealTrends Verified ranks the team in the top 1.5% of real estate professionals nationwide. Every number on this page comes from closed-sales records the team pulls and computes itself.
Contact the team or call (718) 233-3365.
Our neighborhoods by the numbers
Starting this edition, the table gets wider. Alongside each median you'll now find the average sale price, the average price per square foot, how the typical closing landed against its asking price, and the share of sales that cleared it, for every neighborhood we track, the core six and the secondary markets around them. One honest caution first: neighborhood figures move because a handful of closings can swing them, which is why the sale count sits next to every number. Everything below comes from the same cleaned closed-sales record, condos, co-ops, and houses only.
Neighborhood | Median sale price | Average sale price | Avg. price per sq ft | Avg. vs ask | At or above ask | Sales (Q2) | Median days on market |
|---|---|---|---|---|---|---|---|
Crown Heights | $1,435,822 | $1,460,566 | $1,047 | -0.5% | 55% | 114 | 42 |
Bedford-Stuyvesant | $1,307,500 | $1,501,266 | $729 | -4.4% | 36% | 220 | 63 |
Prospect Heights | $1,312,500 | $1,678,262 | $1,392 | +0.4% | 57% | 52 | 25 |
Park Slope | $1,905,000 | $2,323,591 | $1,617 | +2.4% | 70% | 154 | 25 |
Clinton Hill | $960,000 | $1,710,786 | $1,094 | 0.0% | 57% | 72 | 27 |
Bay Ridge | $681,500 | $826,354 | $590 | -5.3% | 25% | 102 | 94 |
Boerum Hill | $2,275,000 | $2,728,348 | $1,552 | -0.6% | 58% | 41 | 28 |
Brooklyn Heights | $1,200,058 | $2,638,020 | $1,762 | +0.9% | 56% | 70 | 27 |
Carroll Gardens | $2,995,000 | $3,244,898 | $1,425 | -1.4% | 53% | 39 | 36 |
Cobble Hill | $2,045,000 | $3,439,250 | $1,381 | -2.4% | 47% | 20 | 27 |
DUMBO | $1,825,000 | $2,347,802 | $1,539 | -3.8% | 15% | 41 | 49 |
Flatbush | $611,802 | $686,601 | $486 | -3.6% | 28% | 42 | 80 |
Fort Greene | $1,975,000 | $2,692,386 | $1,332 | +0.4% | 56% | 33 | 44 |
Greenwood Heights | $1,262,500 | $1,267,932 | $1,215 | -4.2% | 37% | 40 | 75 |
All figures Q2 2026, computed from Compass closed-sales records pulled July 21, one record per sale, condos, co-ops, and houses only. The vs-ask averages and at-or-above shares cover the sales that report an asking price, price per square foot covers the sales that report size, and a minus sign means the typical closing landed under ask. Four recorded transfers at nominal prices and two recorded parking-space sales sit out of the averages; they still count toward every median and sale count. And yes, Bay Ridge is back in the table as promised last week, now running on our own numbers. Its 94-day median is a real signal, not a data gap, and there's more on that below.
Want your block's numbers, not just your neighborhood's?
We'll pull the closings within a few streets of your door and send them over. Send us the address.
What moved, what softened
The clearest split in the second quarter was pace, and it ran along property-type lines. Condos were the fastest lane: a 42-day median, the typical condo closing about two-thirds of a percent under ask, and 48% of condo sales landing at or above asking price. Houses carried the biggest median at $1,265,000 but moved slowest, 67 days, with the typical house closing around 4.5% under ask and only 29% clearing asking (Compass closed-sales records, Q2 2026). Apartment buyers are paying the number; house buyers are negotiating.
Geography sharpened it further. In Park Slope, the median listing hit contract in 25 days, the median sale closed exactly at ask, and a full 70% of sales went at or above asking. Prospect Heights and Clinton Hill ran nearly the same play: 25 and 27 day medians, at-ask closings, and 57% of sales at or above in both. Bay Ridge is the other end of the dial: 94 days at the median and typical closings about 4.4% under ask, a market that rewards patient buyers and punishes wishful pricing (Compass closed-sales records, Q2 2026).
For buyers right now
Know which market you're walking into, because Brooklyn is running two at once. In the brownstone-belt neighborhoods where half or more of homes clear at ask and medians hit contract inside a month, waiting for a rate dip is costing more in competition than it saves in interest. Get fully underwritten, not just pre-qualified, and keep your terms clean; in a 25-day market, sellers pick certainty over an extra half percent. But in 90-day territory like Bay Ridge, the leverage flips. Homes there are negotiating about 4% off ask at the median, so take your time, use the inspection, and make the days on market work for you.
For sellers right now
The Q2 record backs the thing we tell every seller: priced right, it moves; priced on hope, it sits. Here's the receipt. Where sellers priced to the last 90 days of comps, 70% of Park Slope sales cleared at or above ask. Where pricing ran ahead of the block, homes averaged two to three months of market time and gave back 4% or more at the table. Your first two weeks of exposure matter most, so come to market prepared, photographed, and priced to what actually closed this quarter, not to a neighbor's 2024 number.
The most common pricing mistake we see is anchoring to a nearby sale without adjusting for condition, layout, property type, or the block itself. In Brooklyn those differences are frequently worth six figures.
Questions buyers and sellers ask
Quick answers on the Brooklyn housing market, straight from the Q2 closed-sales record.
What is the median home price in Brooklyn?
The median Brooklyn sale closed at $1,075,000 in Q2 2026 across 2,838 closings. Houses ran a $1,265,000 median, condos $1,221,900, and co-ops $443,914 (Compass closed-sales records, Q2 2026).
How long do homes take to sell in Brooklyn?
The median home went from listing to contract in 55 days among the roughly two-thirds of Q2 sales that report marketing time.
Do Brooklyn homes sell over asking price?
39% of Q2 sales closed at or above asking, and the typical sale landed about 2% under its final ask. Condos cleared ask far more often than houses, 48% against 29%.
Is Brooklyn a buyer's or seller's market right now?
Both, depending on the block. Park Slope ran 25-day medians with 70% of sales at or above ask, while Bay Ridge ran 94 days with typical closings about 4.4% under, so the leverage depends on the neighborhood and property type you're in.
What's the most affordable way to buy in Brooklyn?
Co-ops. The 544 Q2 co-op sales ran a $443,914 median, most of that stock south of the brownstone belt, with board approval and financing rules as the usual tradeoff for the price.
Thinking about your own block?
The Rahmé Team at Compass tracks closed sales street by street across Crown Heights, Bed-Stuy, Prospect Heights, Park Slope, Bay Ridge, Clinton Hill, and the blocks around them. For what your specific home would sell for right now, call (718) 233-3365 or contact us with the address.
Go deeper
New to a neighborhood? Start with our guides, beginning with BoCoCa explained: Boerum Hill, Cobble Hill, and Carroll Gardens, with more neighborhood guides publishing weekly. Monthly market reports for each of our neighborhoods are on the way; this page is where the borough-wide picture lives.
Next update: August 2026, once July's closings post.
