52 homes closed in Prospect Heights between April and June, and 45 of them were apartments. The median sale landed at $1,312,500 against a $1,678,262 average, the median listing reached contract in 25 days, and 57% of sales closed at or above asking (Compass closed-sales records, Q2 2026). This is the monthly Prospect Heights market report, refreshed as new closings record; the borough-wide picture lives in our Brooklyn market report.
What sold, and for how much
Seven house sales all quarter. That's the number that explains this market. Prospect Heights trades apartments, and the townhouse stock that gives the neighborhood its look almost never comes up.
Property type | Sales (Q2) | Median sale price | Average sale price | Avg. price per sq ft | Median days on market | Avg. vs ask | At or above ask |
|---|---|---|---|---|---|---|---|
Co-ops | 24 | $903,875 | $1,014,077 | n/a | 23 (19 reporting) | +3.2% | 58% (19 reporting) |
Condos | 21 | $1,600,000 | $1,710,848 | $1,513 | 25 (11 reporting) | +1.7% | 73% (11 reporting) |
Houses | 7 | $4,300,000 | $3,857,714 | $1,116 | n/a | n/a | n/a |
Only 5 of the 7 house sales report days on market or an asking price, and only 4 of the 24 co-op sales report square footage. Those cells are left blank rather than published as rates. On a base that small, one transaction moves a percentage by twenty points.
Co-ops carried the volume at 24 sales and a $903,875 median, and they were the quarter's best performers against ask, closing 3.2% over on average. Condos ran higher and about as fast: 21 sales, a $1,600,000 median, $1,513 a square foot, and 73% clearing ask. The seven houses posted a $4,300,000 median, and the quarter's top sale, 209 Prospect Place, a 4,000-square-foot townhouse, closed at $6,250,000 in May at exactly its asking price with no days on market recorded.
Where the money went
Nothing closed under $500,000 all quarter, and 40% of sales landed between $500,000 and $1,000,000, which is the co-op band. From there it thins out: 12% between $1,000,000 and $1,500,000, 21% between $1,500,000 and $2,000,000, 17% between $2,000,000 and $3,000,000, and 10% above $3,000,000 (Compass closed-sales records, Q2 2026). By bedroom count, across the 42 sales reporting one, one-bedrooms ran a $740,000 median across 15 sales and two-bedrooms $1,537,500 across 14. Above two bedrooms the counts drop into single digits, so read those as directional.
One thing worth reading carefully. The monthly medians fell through the quarter, $1,550,000 in April, $1,312,500 in May, $1,075,000 in June. That's mix, not a price slide. April closed 9 sales weighted toward townhouses; June closed 21 weighted toward co-ops.
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Pace and negotiation
This is a fast market with a stubborn tail. Among the 35 sales reporting marketing time, 54% reached contract inside 30 days, then almost nothing closed between 30 and 90, and 29% ran past 90 days (Compass closed-sales records, Q2 2026). The median sale closed exactly at ask and the average ran 0.4% over. So a correctly priced apartment here goes in about three weeks, and a mispriced one waits out the quarter. There isn't much middle ground.
For buyers right now
Move fast on anything fresh and priced to recent comps, because more than half of this quarter's sales were spoken for inside a month and co-ops closed above ask more often than not. Come with a full underwrite and, for co-ops, your board package assembled before you bid. Your leverage is in the other 29%, the listings that have been sitting since spring. If you want a townhouse, though, understand what you're up against: seven traded in three months, so the wait is measured in quarters, not weeks.
For sellers right now
Price it to the last 90 days and you're likely in the 54% that went to contract inside a month. Price it to what a neighbor asked and you're in the 29% still sitting, where the average seller gave back real money. Co-op sellers have the strongest hand in the neighborhood right now and should be pricing to compete rather than to test. And if you own one of the townhouses, scarcity is on your side, but a median built on seven sales isn't a pricing tool. Yours needs its own comps.
Questions buyers and sellers ask
Quick answers on the Prospect Heights housing market, straight from the Q2 closed-sales record.
How much does a home in Prospect Heights cost?
The median Q2 2026 sale was $1,312,500 across 52 closings. Co-ops ran a $903,875 median, condos $1,600,000, and the seven house sales posted a $4,300,000 median (Compass closed-sales records, Q2 2026).
Are Prospect Heights townhouses hard to find?
Yes. Only 7 house sales closed in the entire second quarter of 2026, against 45 apartment sales. Although all seven were classified as multifamily properties, most are used as single-family residences or as owner-occupied homes with a rental unit.
How long does it take to sell a home in Prospect Heights?
The median Q2 listing reached contract in 25 days among the 35 sales reporting marketing time. 54% went to contract inside 30 days, while 29% ran past 90.
Do Prospect Heights homes sell over asking price?
Often. 57% of the Q2 sales reporting an asking price closed at or above it, the median sale landed exactly at ask, and the average ran 0.4% over. Condos cleared ask most often at 73%.
What are property taxes like in Prospect Heights?
Among Q2 sales recording a tax bill, the median was about $394 a month on condos across 19 sales and about $850 a month on houses across 5. Co-op taxes are paid through the building and sit inside monthly maintenance rather than arriving as a separate bill. Tax treatment varies by property class, assessment history, and any abatement on the building, so check the actual bill on any specific address.
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.
What would your home sell for right now?
The Rahmé Team at Compass tracks Prospect Heights closings building by building, and a neighborhood median can't price your line, your floor, or your board's financials. Call (718) 233-3365 or contact us with the address. The borough-wide numbers live in the Brooklyn market report.
All figures Q2 2026, computed from Compass closed-sales records pulled August 5, one record per sale, condos, co-ops, and houses only. Days on market and at-or-above shares cover the 35 sales reporting an asking price: 19 co-ops, 11 condos, 5 houses. Price per square foot covers the 32 sales reporting size. Bedroom medians cover the 42 sales reporting a bedroom count. Borough-wide, sales at or under $50,000, sales 90% or more below ask, and recorded parking or storage units sit out of the averages while still counting toward every median and sale count; no Prospect Heights sale met any of those conditions this quarter.
Next update: September 2026, once August's closings post.
