"The last three quarters the median and average sale prices were the highest in history and actually, in the third quarter, the median price at $1.05 million is the first time overall pricing has cracked the million dollar threshold,"
"challenged by chronically low inventory levels, [and] even though inventories [are] rising, it's still on the low side and that continues to be a challenge."
Average and median Brooklyn home prices reached new records in Q3 2025, with the average sale price rising 11.6% year over year to $1,388,463 and the median climbing 7.7% to $1.05 million. Listings for all home types increased 16.3% to 3,417, and sales volume rose 7.1% to 2,705 transactions. Luxury segment inventory jumped 84.4% year over year while luxury sales increased 36.1%. Condos led gains with median prices up 14.8% to $1,147,766, including strong performance in new development condos. Inventory remains relatively low despite recent increases, and 22% of sales went above asking price.
Read at Brooklyn Paper
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