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BROOKLYN, NY 11231

Real Estate Market Report  ·  Kings County
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 11231

BoCoCa · Boerum Hill · Carroll Gardens · Cobble Hill · Columbia St · Gowanus · Red Hook · Red Hook Houses · South Brooklyn

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BROOKLYN, NY real estate market (11231) currently shows 59 active listings, with 21 pending sales. Homes are averaging 20 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 20 days on market compared to 52 days last year.

The median listing price has fallen 31.4% year-over-year, from $2,599,999 to $1,782,500.

Whether you are buying or selling in BROOKLYN, NY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 38,829  ·  Density: 10,521.1/mi²  ·  Median household income: $130,396

Typical home value: $1,775,500  ·  Homeownership: 30.7%

Market Overview

Active Listings
59
⇩ 11.9% vs 67 last year
Pending
21
36% pending ratio
Median Price
$1,782,500
⇩ 31.4% vs $2,599,999 last year
Average Price
$2,456,178
⇩ 18% vs $2,996,086 last year
Days on Market
20
⇩ 61.5% vs 52 days last year

Price Per Square Foot

Median $/sqft
$1,278
⇧ 3.2% vs $1,238/sqft last year
Median Home Size
1,654 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 67 last year
  • Days on market: 20 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $1,782,500 (-31.4% YoY)
  • Average: $2,456,178 (-18% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 3.5 miles — 1,032 listings ($2,703,825,702 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
11231Brooklyn, NY 112310.0 mi45$121,852,710$2,422,500$2,707,838
11243Brooklyn, NY 112431.3 mi5$4,146,875$722,500$829,375
10004New York, NY 100041.4 mi67$126,846,276$1,499,750$1,893,228
11201Brooklyn, NY 112011.5 mi240$640,421,520$1,696,000$2,668,423
11238Brooklyn, NY 112382.1 mi117$178,682,400$1,335,750$1,527,200
10006New York, NY 100062.3 mi51$126,216,126$1,577,500$2,474,826
11205Brooklyn, NY 112052.5 mi54$119,817,792$1,024,750$2,218,848
10007New York, NY 100072.6 mi62$302,801,428$3,295,000$4,883,894
10282New York, NY 102822.8 mi16$61,544,672$1,830,000$3,846,542
10002New York, NY 100022.9 mi141$301,611,267$1,562,250$2,139,087
11219Brooklyn, NY 112193.0 mi37$34,412,220$805,500$930,060
11226Brooklyn, NY 112263.3 mi80$81,597,040$630,000$1,019,963
10012New York, NY 100123.5 mi117$603,875,376$3,437,500$5,161,328

Frequently Asked Questions

How many homes are for sale in BROOKLYN, NY 11231?

As of March 2026, there are 59 active listings in BROOKLYN, NY (zip code 11231), compared to 67 the prior year.

What is the median home price in BROOKLYN, NY 11231?

The median listing price in BROOKLYN, NY 11231 is $1,782,500 as of March 2026, a 31.4% decrease from $2,599,999 the prior year.

How long do homes stay on the market in BROOKLYN, NY?

Homes in BROOKLYN, NY 11231 spend an average of 20 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in BROOKLYN, NY 11231?

Based on current inventory and days-on-market data as of March 2026, BROOKLYN, NY 11231 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 20 days on market compared to 52 days last year.

How much can I save on real estate commission in BROOKLYN, NY?

With SELL123.com's maximum 3% commission, sellers in BROOKLYN, NY 11231 save an estimated $35,650 compared to a typical 5% commission on the median listing price of $1,782,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.