Real Estate Market Update for Brooklyn, NY
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up 5% from one year earlier, and down 2% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 340-thousand dollars. The number of units sold increased 82% year-over-year, and increased 82% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Show Transcript
Map Information for Brooklyn, NY
Area Information for Brooklyn, NY
  • Population: 2,558,328
  • Median Age: 33.86 yr
  • Median Commute Time: 41.8 mins
  • Educational Climate*: 3
  • Sales Tax: 8.875%
  • Population Density: 36,127/sq mi
  • Population Change Since 2000: 3.77%
  • Closest Airport: John F Kennedy International
  • Closest College: City Univ Of New York-brooklyn College
  • Closest Jr. College: Gamla College
  • Median Household Income: $44,373
  • Annual Residential Turnover: 17.59%
  • Median Years in Residence: 2.77 yr
  • Median Home Sales Price: $530,000
  • Closest Major Sports Team: New York Rangers
  • Change Avg. Household Income Since 2000: 36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Brooklyn, NY
Median Age: 33.86 Married: 25% Number of Households: 935,229 Households with Children: 303,072
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 GreatSchools Rating Parent Rating
      Practical Learning Center 0.7 mi Private PRESCHOOL-3 0 4
      Ps 245 0.8 mi Public PRESCHOOL-5 3-5 5
      Beth Rivkah Elementary School 0.8 mi Private K-8 0 5
      Ps 135 Sheldon A Brookner 1.0 mi Public PRESCHOOL-5 2-5 5
      Bnos Menachem 1.0 mi Private PRESCHOOL-12 0 4
      Machon Chana 1.1 mi Private UNGRADE-UNGRADE 0 5
      Lubavitcher Yeshiva 1.1 mi Private PRESCHOOL-8 0 5
      Macademy School Of Science & Technology 1.2 mi Private PRESCHOOL-8 0 4
      Yeshiva Beis Chaya Mushka 1.3 mi Private PRESCHOOL-12 0 4
      Ps 208 Elsa Ebeling 1.3 mi Public PRESCHOOL-5 2 5
      New Vistas Academy 1.3 mi Private 1-12 0 5
      Yeshiva Torah Vodaath 1.3 mi Private PRESCHOOL-8 0 5
      Magnet School For Science And Technology 1.3 mi Public PRESCHOOL-5 4 5
      International High School At Prospect Heights 1.4 mi Public 9-12 1 5
      Brooklyn Academy Of Science And The Environment 1.4 mi Public 9-12 1 4
      St. Francis De Sales School 1.4 mi Private PRESCHOOL-8 0 5
      Brooklyn Seventh-day Adventist School 1.5 mi Private PRESCHOOL-8 0 5
      Hebron Seventh-day Aventist Bilingual 1.5 mi Private PRESCHOOL-8 0 5
      Brooklyn Jesuit Prep School 1.6 mi Catholic 6-8 0 5
      Mt Moriah Christian Academy 1.6 mi Private PRESCHOOL-6 0 4
      Ps 107 John W Kimball 1.7 mi Public K-5 5 5
      Yeshiva Rabbi Chaim Berlin 1.8 mi Private K-8 0 5
      Yeshivah Of Flatbush Joel Braverman High School 1.9 mi Private 9-12 0 4
      Yeshivah Of Flatbush Elementary School 1.9 mi Private PRESCHOOL-8 0 5
      P.s.10 Magnet School For Math, Science & Design Technology 1.9 mi Public K-5 4-5 5
      Beth Jacob Day School/bais Yaak 2.0 mi Private PRESCHOOL-12 0 0
      Berkeley Carroll School 2.0 mi Private PRESCHOOL-12 0 4
      Ps 295 2.0 mi Public PRESCHOOL-5 3-5 4
      Berkeley Carroll Elementary School 2.0 mi Private PRESCHOOL-4 0 0
      Ps 164 Caesar Rodney 2.0 mi Public PRESCHOOL-5 3 4
      Ps 326 2.1 mi Public PRESCHOOL-2 0 5
      Step-special Torah Education Program 2.1 mi Private UNGRADE-UNGRADE 0 0
      Shalsheles Bais Yaakov 2.1 mi Private K-12 0 4
      Clara Muhammad School Of Masjid Khalifah 2.2 mi Private PRESCHOOL-7 0 4
      Ms 35 Stephen Decatur 2.2 mi Public 6-8 1 4
      West Brooklyn Community High School 2.2 mi Public 10-12 1 5
      Hebrew Language Academy 2.3 mi Public K-4 3 5
      Ps 21 Crispus Attucks 2.3 mi Public PRESCHOOL-5 3 4
      Ps 140 2.4 mi Public K-8 0 5
      Shulamith School For Girls 2.4 mi Private PRESCHOOL-8 0 4
      Bais Brocho Of Karlin Stolin 2.4 mi Private PRESCHOOL-12 0 0
      Bnos Zion Of Bobov 2.4 mi Private PRESCHOOL-12 0 5
      Yeshiva Jesode Hatorah 2.4 mi Private K-8 0 5
      Ps 372 The Children S School 2.5 mi Public PRESCHOOL-5 0 5
      Gotham Professional Arts Academy 2.5 mi Public 9-12 4 5
      Ps 184 Newport 2.5 mi Public PRESCHOOL-8 1 4
      Yeshiva Derech Hatorah 2.5 mi Private PRESCHOOL-12 0 5
      Talmud Torah Tiferes Bunim 2.6 mi Private PRESCHOOL-8 0 0
      Scholar Skills Christian Academy 2.6 mi Private 3-11 0 5
      United Talmudical Academy Torah Vyirah-boro Park 2.6 mi Private 5-7 0 0
      Yeshiva & Misivta Tiferes Elimelech 2.6 mi Private PRESCHOOL-12 0 5
      Great Commission Christian School 2.7 mi Private PRESCHOOL-7 0 5
      Ps 222 Katherine R Snyder 2.8 mi Public PRESCHOOL-5 4-5 4
      Yeshiva Imrei Yosef Spinka 2.8 mi Private PRESCHOOL-11 0 4
      Bishop Kearney High School 2.8 mi Catholic 9-12 0 4
      Bnos Square Of Williamsburg 2.8 mi Private PRESCHOOL-7 0 5
      Excellence Girls Charter School 2.9 mi Public K-4 5 5
      Yeshiva Shaare Torah Boys High School 2.9 mi Private 9-12 0 5
      Ps 81 Thaddeus Stevens 3.0 mi Public PRESCHOOL-5 2-5 5
      Ps 369 Coy L Cox School 3.0 mi Public K-12 0 5
      Hannah Senesh Community Day School 3.0 mi Private K-8 0 5
      Ps 58 The Carroll 3.0 mi Public PRESCHOOL-5 5 4
      Charles Churn Christian Academy 3.0 mi Private PRESCHOOL-12 0 4
      Hyde Leadership Charter School-brooklyn 3.0 mi Public K-4 2 5
      Tiferes Miriam School For Girls 3.1 mi Private 6-12 0 0
      Ps 312 Bergen Beach 3.1 mi Public PRESCHOOL-5 4 4
      The Sterling School 3.1 mi Private 2-6 0 4
      Prospect Park Yeshiva 3.2 mi Private PRESCHOOL-8 0 4
      Ps 45 Horace E Greene 3.2 mi Public PRESCHOOL-8 1 4
      Cultural Arts Academy Charter School At Spring Cre 3.3 mi Public K-2 2 5
      Ps 247 3.3 mi Public PRESCHOOL-5 5 4
      Ps 69 Vincent D Grippo School 3.3 mi Public K-5 4 4
      Community Roots Charter School 3.3 mi Public K-5 4 5
      Al Madrasa Al Islamiya 3.4 mi Private PRESCHOOL-8 0 5
      Ps 29 John M Harrigan 3.4 mi Public PRESCHOOL-5 4-5 4
      Ps 36 3.5 mi Public K-12 0 5
      Ps 380 John Wayne Elementary School 3.5 mi Public PRESCHOOL-5 3-5 4
      America Come Back To God Christian Academy 3.5 mi Private PRESCHOOL-8 0 5
      Is 318 Eugeno Maria De Hostos 3.5 mi Public 6-8 3 4
      East New York Family Academy 3.5 mi Public 6-12 2-5 4
      St Edmund Preparatory High School 3.5 mi Catholic 9-12 0 5
      Packer Collegiate Institute 3.5 mi Private PRESCHOOL-12 0 4
      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 1 5
      St Frances Cabrini School 3.6 mi Catholic PRESCHOOL-8 0 4
      Magen David Yeshivah School 3.7 mi Private PRESCHOOL-12 0 5
      El Puente Academy For Peace And Justice 3.7 mi Public 9-12 2-5 5
      All City Leadership Secondary School 3.7 mi Public 6-12 3 4
      Lev Bais Yaakov 3.9 mi Private PRESCHOOL-12 0 5
      Ps 196 Ten Eyck 4.0 mi Public PRESCHOOL-5 3 5
      Ps 8 Robert Fulton 4.0 mi Public K-5 4-5 5
      Brooklyn Latin School 4.0 mi Public 9-12 4-5 4
      Gesher Yehuda 4.1 mi Private K-8 0 4
      Followers Of Jesus School 4.1 mi Private 1-12 0 4
      Conselyea Preparatory School 4.3 mi Public 6-8 2-5 5
      Ps 195 Manhattan Beach 5.0 mi Public PRESCHOOL-5 5 5
      Ps 253 5.0 mi Public PRESCHOOL-5 3-5 4
      P.s. 34 Oliver H Perry 5.1 mi Public PRESCHOOL-5 4-5 4
      Ps 31 Samuel F Dupont 5.2 mi Public PRESCHOOL-5 5 4
      Ps 370 5.3 mi Public K-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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Brooklyn, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.