Sellers in most all of Brooklyn’s neighborhoods were particularly happy during Q3 2021. Buyers had little wiggle room because Brooklyn’s median sales prices ranged from 96% to 100% of asking prices.
Sellers’ Market in New York City Saw Brisk Apartment Sales in Q3 2021
According to a recent study by StreetEasy, New York City’s sellers’ market steamrolled in Q3 2021. Homes sold one week faster than they did during Q3 2019 (a great sales quarter) and the median sales prices hit 96% of their asking prices, an increase from 92% in Q3 2020.
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StreetEasy researchers pointed to the top twenty NYC neighborhoods where sellers saw the greatest deals. Eighteen out of 20 of these “best deals for sellers” were in Brooklyn. In all of these neighborhoods, median sales prices ranged from 96% to 100% of asking prices.
StreetEasy’s Methodology
StreetEasy analysts looked at four data points: median number of days on the market, share of price cuts, annual change in number of property inquiries, and the median sale to list price. Only neighborhoods with 100 or more listings were considered.
Top 20 NYC Sellers’ Markets
Neighborhood Borough Median DOM Median Sale Price
Cobble Hill Brooklyn 35 $1,765,000
Park Slope Brooklyn 42 $1,4191,500
Prospect Heights Brooklyn 50 $1,032,500
Downtown Brooklyn Brooklyn 35 $995,000
Clinton Hill Brooklyn 44 $900,000
Prospect-Lefferts Gardens/ Brooklyn 54 $909,500
Carroll Gardens Brooklyn 58 $1,950,000
The Rockaways Queens 58 $695,000
Bedford-Stuyvesant Brooklyn 56 $1,125.000
Crown Heights Brooklyn 57 $995,000
Williamsburg Brooklyn 55 $1,299,500
Windsor Terrace Brooklyn 52 $995,000
Greenpoint Brooklyn 60 $1,357,500
Ridgewood Queens 51 $1,100,000
Greenwood Brooklyn 72 $1,262,500
Brooklyn Heights Brooklyn 48 $1,395,000
Boerum Heights Brooklyn 69 $1,585,000
Canarsie Brooklyn 57 $729,000
East Flatbush Brooklyn 59 $679,500
Dumbo Brooklyn 61 $1,955,000
Thanks to StreetEasy and The New York Times.
