Contracts Signed BY PROPERTY TYPE
% Δ
% Δ
Condos
Q4 '23
Q3 '23
Q4 '22
538
533
0.9%
527
2.1%
# CONTRACTS
2%
2%
-
2%
-
AVG. DISCOUNT
Contract activity was down slightly, falling 3.7% year-over- year and 3.5% quarter-over-quarter, but aligned with pre- 2020 trends Prices were generally up across the borough for last asking price, climbing 5.0% and 10.9% in average and median price, respectively North Brooklyn saw a 25.0% jump in contracts year-over-year and was the only submarket to see growth, while Northwest Brooklyn saw the largest decline, fueled by signifcantly less co-op and house activity this quarter Properties entering contract at $1M and above were up this quarter, with the largest increases seen in the $2M-3M and $3M+ ranges
$1,105,000
$995,000 11.1% $999,000 10.6%
MEDIAN PRICE
$1,408,895 $1,267,282 11.2% $1,319,878 6.7%
AVERAGE PRICE
$1,195
$1,175
1.7%
$1,176
1.6%
AVERAGE PPSF
AVERAGE SF
1,151
1,124
2.4%
1,110
3.7%
% Δ
% Δ
Co-ops
Q4 '23
Q3 '23
Q4 '22
363
375
-3.2%
407
-10.8%
# CONTRACTS
3%
2%
-
3%
-
AVG. DISCOUNT
$495,000 $465,000 6.5% $525,000 -5.7%
MEDIAN PRICE
$673,012 $691,763 -2.7% $714,639 -5.8%
AVERAGE PRICE
CONTRACTS
MEDIAN SALE PRICE
% Δ
% Δ
Houses
Q4 '23
Q3 '23
Q4 '22
$650K $700K $750K $800K $850K $900K $950K $1.0M $1.1M $1.1M $1.2M
# CONTRACTS
536
588
-8.8%
567
-5.5%
3,000
AVG. DISCOUNT
4%
3%
-
3%
-
2,500
$1,462,500 $1,298,500 12.6% $1,365,000 7.1%
MEDIAN PRICE
2,000
$1,789,101 $1,584,095 12.9% $1,693,060 5.7%
AVERAGE PRICE
1,500
$708
$638
11.0%
$682
3.8%
AVERAGE PPSF
2,554
2,554
-
2,495
2.4%
AVERAGE SF
1,000
500
Q4 '14Q4 '15Q4 '16Q4 '17Q4 '18Q4 '19Q4 '20Q4 '21Q4 '22Q4 '23 0
08
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