Real Estate Market Update for Brooklyn, NY

Video: Real Estate Community Tour for Brooklyn, NY

See Real estate community tour for Brooklyn, NY Featuring a culturally diverse population of 2.5 million people, Brooklyn, NY is the most populous borough in New York City. If you want to find a new home in an area friendly to varied lifestyles, you will discover a stunning array of rich possibilities in Brooklyn, NY. Many residents of Brooklyn actually work outside the area, so commuters enjoy easy public transit access, whether riding the extensive subway system, taking the bus or even cycling or walking. Brooklyn offers a treasure trove of exciting entertainment and enriching activities. This dynamic borough is alive with plenty of arts, leisure, dining, and recreation options. Brooklynites can venture out for treks to Coney Island, a view of 585 acres of green splendor in Prospect Park, or a stroll across the Brooklyn Bridge. Explore unique neighborhoods, including the hip and trendy Williamsburg, the highly desirable Park Slope, or family-friendly Bay Ridge, to name just a few. Put on your virtual walking shoes to tour the many attractive homes available throughout the Brooklyn, NY area on Century21.com
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 27% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 21%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 440-thousand dollars. The number of units sold increased 23% year-over-year, and decreased 24% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Featuring a culturally diverse population of 2.5 million people, Brooklyn, NY is the most populous borough in New York City. If you want to find a new home in an area friendly to varied lifestyles, you will discover a stunning array of rich possibilities in Brooklyn, NY. Many residents of Brooklyn actually work outside the area, so commuters enjoy easy public transit access, whether riding the extensive subway system, taking the bus or even cycling or walking. Brooklyn offers a treasure trove of exciting entertainment and enriching activities. This dynamic borough is alive with plenty of arts, leisure, dining, and recreation options. Brooklynites can venture out for treks to Coney Island, a view of 585 acres of green splendor in Prospect Park, or a stroll across the Brooklyn Bridge. Explore unique neighborhoods, including the hip and trendy Williamsburg, the highly desirable Park Slope, or family-friendly Bay Ridge, to name just a few. Put on your virtual walking shoes to tour the many attractive homes available throughout the Brooklyn, NY area on Century21.com
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Map Information for Brooklyn, NY
Area Information for Brooklyn, NY
  • Population: 2,605,119
  • Median Age: 35.91 yr
  • Median Commute Time: 42 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 36,801/sq mi
  • Population Change Since 2000: 5.67%
  • Closest Airport: Laguardia
  • Closest College: State University Ny-hlt Ctr Brooklyn
  • Closest Jr. College: Gamla College
  • Median Household Income: $50,321
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $630,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 56.47%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Brooklyn, NY
Median Age: 35.91 Married: 32% Number of Households: 956,068 Households with Children: 279,056
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Brooklyn, NY

      School Name Distance Type Grades School Rating Parent Rating
      Academy Of Hospitality And Tourism 0.4 mi Public 9-12 0 3
      High School For Service And Learning At Erasmus 0.4 mi Public 9-12 1 3
      Science Tech And Research High School At Erasmus 0.4 mi Public 6-12 4 4
      Brooklyn Institute For Liberal Arts 0.7 mi Public 9-9 0 4
      High School For Public Service-heroes Of Tomorrow 0.7 mi Public 9-12 3 3
      Achievement First Crown Heights Charter School 1.1 mi Public K-12 4 0
      International Christian School 1.1 mi Private PRESCHOOL-12 0 0
      Epiphany Lutheran School 1.3 mi Private PRESCHOOL-8 0 0
      International High School At Prospect Heights 1.4 mi Public 9-12 1 4
      Brooklyn College Academy 1.5 mi Public 9-12 4 4
      Kurt Hahn Expeditionary Learning School 1.6 mi Public 9-12 1 4
      Yeshiva & Mesivta Torah Temimah 1.6 mi Private PRESCHOOL-12 0 0
      Kipp Amp Charter School 1.6 mi Public 5-12 3 4
      Ps 189 Lincoln Terrace 1.6 mi Public K-8 4 0
      Masores Bais Yaakov 1.7 mi Private PRESCHOOL-12 0 0
      St Saviour High School 1.7 mi Catholic 9-12 0 1
      St Saviour Elementary School 1.7 mi Catholic PRESCHOOL-8 0 0
      Kings Collegiate Charter School 1.7 mi Public 5-8 4 4
      Brownsville Academy High School 1.8 mi Public 10-12 0 5
      Pathways Technology Early College High School 1.8 mi Public 9-12 0 4
      Millennium Brooklyn High School 1.9 mi Public 9-10 0 4
      Berkeley Carroll School 2.0 mi Private PRESCHOOL-12 0 0
      New Voices School Of Academic And Creative Arts 2.0 mi Public 6-8 5 5
      Boys And Girls High School 2.1 mi Public 9-12 1 4
      The Brooklyn Waldorf School 2.1 mi Private PRESCHOOL-8 0 5
      Bnos Yaakov 2.2 mi Private 9-12 0 0
      J.h.s 51 William Alexander School 2.2 mi Public 6-8 5 5
      Victory Collegiate High School 2.2 mi Public 9-12 1 3
      Brooklyn Generation School 2.2 mi Public 9-12 1 4
      Edward R Murrow High School 2.2 mi Public 9-12 2 3
      Beth Jacob Of Boro Park 2.2 mi Private PRESCHOOL-8 0 0
      West Brooklyn Community High School 2.2 mi Public 10-12 2 4
      Achievement First Endeavor Charter School 2.3 mi Public 5-8 4 0
      Bedford Academy High School 2.3 mi Public 9-12 5 4
      Frederick Douglas Academy Vii High School 2.3 mi Public 9-12 0 3
      Brooklyn Academy High School 2.3 mi Public UNGRADE-UNGRADE 1 4
      Knowledge And Power Prep Academy V 2.4 mi Public 6-8 1 4
      Is 68 Isaac Bildersee 2.4 mi Public 6-8 1 4
      P.s. 121 Nelson A Rockefeller School 2.5 mi Public PRESCHOOL-8 5 0
      Barkai Yeshivah 2.5 mi Private PRESCHOOL-8 0 0
      Brooklyn Collegiate A College Board School 2.5 mi Public 9-12 1 4
      Bishop Loughlin Memorial High School 2.6 mi Catholic 9-12 0 3
      Eagle Academy For Young Men Ii 2.6 mi Public 6-10 1 4
      Urban Dove Charter School 2.6 mi Public 9-12 0 4
      Bedford Stuyvesant Collegiate Charter School 2.7 mi Public 5-8 4 0
      Franklin Delano Roosevelt High School 2.7 mi Public 9-12 3 3
      Brooklyn Prospect Charter School 2.8 mi Public 6-9 4 4
      Olympus Academy 2.8 mi Public 9-12 0 0
      Bishop Kearney High School 2.8 mi Catholic 9-12 0 4
      Ms 442 Carroll Gardens School For Innovation 2.9 mi Public 6-8 2 0
      The Brooklyn Academy Of Global Finance 2.9 mi Public 9-12 0 5
      James Madison High School 2.9 mi Public 9-12 2 3
      Urban Action Academy 2.9 mi Public 9-12 0 4
      Performing Arts And Technology High School 3.2 mi Public 9-12 0 3
      Prospect Park Bnos Leah High School 3.2 mi Private 9-12 0 0
      Brooklyn Secondary School For Collaborative Studie 3.3 mi Public 6-12 1 3
      St. Joseph High School 3.3 mi Catholic 9-12 0 3
      Brooklyn Heights Montessori School 3.3 mi Private PRESCHOOL-8 0 0
      W H Maxwell Career And Technical Education High School 3.3 mi Public 9-12 1 4
      J.h.s. 234 Arthur W Cunningham Middle School 3.3 mi Public 6-8 5 0
      Community Roots Charter School 3.3 mi Public K-8 3 0
      Brooklyn Friends School 3.4 mi Private PRESCHOOL-12 0 0
      George Westinghouse Career & Technical Ed High School 3.5 mi Public 9-12 0 3
      Bay Ridge Christian Academy 3.5 mi Private PRESCHOOL-8 0 0
      Nefesh Academy 3.5 mi Private 6-12 0 0
      St Edmund Preparatory High School 3.5 mi Catholic 9-12 0 0
      J.h.s 71 Juan Morel Campos 3.5 mi Public 6-12 0 0
      Packer Collegiate Institute 3.5 mi Private PRESCHOOL-12 0 0
      Urban Assembly School For Law And Justice 3.5 mi Public 9-12 2 4
      Brooklyn International High School At Waters Edge 3.6 mi Public 9-12 0 3
      Ps 151 Lyndon B Johnson 3.7 mi Public PRESCHOOL-5 0 5
      All City Leadership Secondary School 3.8 mi Public 6-12 5 4
      Jhs 201 The Dyker Heights 3.9 mi Public 6-8 5 5
      P.s./i.s. 30 Mary White Ovington 4.0 mi Public 6-8 4 4
      Lyons Community School 4.0 mi Public 6-12 0 3
      New Visions Charter High School For The Humanities Iii 4.1 mi Public 9-9 0 4
      New Visions Charter High School For Advanced Math 4.1 mi Public 9-9 0 0
      Sheepshead Bay High School 4.1 mi Public 9-12 0 3
      Academy For Young Writers 4.1 mi Public 9-12 1 3
      Bay Ridge Prep 4.1 mi Private 9-12 0 0
      Progress High School For Professional Careers 4.2 mi Public 9-12 1 4
      High School Of Enterprise Business And Technology 4.2 mi Public 9-12 1 4
      Ps 254 Dag Hammarskjold 4.2 mi Public PRESCHOOL-5 5 5
      Expeditionary Learning School For Community Leader 4.4 mi Public 9-12 1 4
      International High School At Lafayette 4.4 mi Public 9-12 0 4
      Kingsborough Early College School 4.4 mi Public 6-12 2 4
      Is 281 Joseph B Cavallaro 4.5 mi Public 6-8 4 4
      Xaverian High School 4.5 mi Catholic 6-12 0 4
      Poly Prep Country Day School 4.7 mi Private 5-12 0 0
      William E Grady Career And Tech High School 4.8 mi Public 9-12 0 4
      Automotive High School 4.9 mi Public 9-12 0 4
      Coney Island Preparatory Public Charter School 4.9 mi Public 5-8 3 4
      Fort Hamilton High School 5.0 mi Public 9-12 2 4
      Leon M Goldstein High School For The Sciences 5.0 mi Public 9-12 4 4
      Brooklyn Lab School 5.1 mi Public 9-12 0 4
      Academy Of Innovative Technology 5.1 mi Public 9-12 1 3
      Cypress Hills Collegiate Preparatory School 5.1 mi Public 9-12 0 4
      Fontbonne Hall Academy 5.2 mi Catholic 9-12 0 4
      High School Of Sports Management 5.5 mi Public 9-12 0 4
      Liberation Diploma Plus 5.5 mi Public 9-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Brooklyn, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.