Brooklyn Market Snapshot | Q1 2025

Brooklyn’s housing market is launching into 2025, with 2,358 homes sold this quarter, marking a 13.4% year-over-year jump as buyers adapt to higher rates. Houses led the charge with over half of all deals and a 16.7% increase in sales.

North and Northwest neighborhoods like Williamsburg and DUMBO saw the strongest activity, while South Brooklyn held steady. Despite an 8.2% YoY inventory drop, the market gained 5% over Q4, tightening competition—especially for co-ops. The luxury tier thrived, with contracts above $3M surging 38%. Expect bidding wars and brisk momentum as peak season unfolds.