Brooklyn Townhouse Report: Q1 & Q2

October 7, 2022

Overview

Record level prices in the first two quarters of 2022 prove that Brooklyn Townhomes are still one of the most in-demand products. In fact, the majority of all sales in Brooklyn were single and multi-family Townhouses.

Of the 675 sales, the average price was 2.45M, a 13% increase since last year. A rise in post-pandemic demand for more square footage and private outdoor spaces has led to a significant market shift towards higher-price sales. The average price per square foot has risen to $852/sqft, a 10% increase from last year and the second highest ever, beaten only by the second half of 2021.  

Townhouse sales under $2M declined, but sales over $2M increased by 10%, with 70 of those selling for over $4M. Overall, both the median and average prices set new record highs for townhouses. As a result, closed sales declined 12% compared to the First Half of 2021. However, this year’s numbers are still well above the recent historical average.

Key Takeaways:

Closed Sales: 675 (-12% YOY)
Average Price per square foot: $852 (+10% YOY)
Median Price: $2.050M (+14% YOY) 
Average Price: $2.451M (+13% YOY)
Closings over $4M: 70

To read the full report, click here.

If you’re looking to sell or buy, connect with us here, we’d love to help you find your perfect match.

 For more real estate tips and luxury apartment tours, follow Randy on Instagram (@randybaruh) and TikTok (@randy_baruh).

Featured Press & Media Posts

Press

Kate Moss and Johnny Depp's former Greenwhich Village Apartment Hits the Market

By The Randy Baruh Team / August 11, 2023

Press

Kate Moss and Johnny Depp's Former NYC Love Nest asks $15.5M

By The Randy Baruh Team / August 11, 2023

Press

Greenwich Village Residence Where Kate Moss Lived in the '90s Seeks $15.5M

By The Randy Baruh Team / August 11, 2023

Press

If You're Not Leaning Into Video and Social, You're Going to Get Passed By

By The Randy Baruh Team / August 11, 2023

Press

How Randy Baruh Uses AI for Real Estate Listings

April 11, 2023

Press

Brooklyn Real Estate Six Months Later: Two Sold, One in Contract, One Still Available

By Brownstoner / May 15, 2020

Press

Top 10 Brooklyn Real Estate Listings: A Finish Co-op in Sunset Park, a Crown Heights Limestone

By Brownstoner / November 24, 2019

Press

Top 10 Brooklyn Real Estate Listings: A Co-Op in Flatbush, a Standalone in Bay Ridge

By Brownstoner / November 10, 2019

Press

Spacious Co-op in Prewar Brooklyn Heights Tower With Fanciful Exterior, Updates Asks $1.5 Million

By Brownstoner / November 5, 2019

Press

Manhattan's most dramatic price cuts include Fifth Avenue co-op reduced by $555K

By Brownstoner / August 8, 2019

Press

The most spectacular new listings in NYC include Gramercy brewery-turned-condo

By Brownstoner / August 5, 2019

Press

Brooklyn’s luxury market saw 16 contracts signed last week: Stribling

By Brownstoner / April 25, 2019

Press

A true two bedroom, two bath in Dumbo, for a relative steal at $1,325,000

By Brownstoner / February 25, 2019

Press

Before & After: A Humdrum Home in Brooklyn Receives a Stylish Revamp

By Brownstoner / September 11, 2018

Press

New Listings

By Breownstoner / July 26, 2018

Press

How much for a sun-filled Upper East Side 2BR with custom finishes?

By Brownstoner / July 11, 2018

Press

Top 10 Brooklyn Real Estate Listings: A Corner Loft and a Minimalist Brownstone

By Brownstoner / April 1, 2018

Press

Park Slope Home With Zen Vibe and Three More to See This Weekend, Starting at $1.695 Million

By Brownstoner / March 23, 2018

Press

Shape up: five homes for fitness

By Brownstoner / January 12, 2018

Press

Massive One Brooklyn Bridge Park Condo With Rooftop Cabana, Skyline Views Asks $8.75 Million

By Brownstoner / January 8, 2018

Press

The Mountaintop

By Corcoran / November 27, 2017

Press

Brooklyn's most expensive home for sale is this $19.5M condo

By Curbed / October 2, 2017

Press

A New Brooklyn Listing Becomes the Borough’s Most Expensive

By Corcoran / October 2, 2017

Press

3D videos: A new way to tour NYC real estate up for sale

By AM New York / August 6, 2017

Press

Postmodern Upper East Side townhouse tries again for $40M

By Curbed / January 26, 2017

Press

Art dealer Martin Zimet lists UES townhouse for $40M

By The Real Deal / January 26, 2017

Press

Goldman Sachs Alum Turns to Virtual Reality to Sell $57 Million Mansion

By Bloomberg / December 6, 2016

Press

Live Large Over Union Square in This Penthouse Loft

By Corcoran / September 13, 2016

Press

Done Deals: DUMBO

By Brokers Weekly / June 15, 2016

Press

Living Large: East 61st Street

By CBS / May 25, 2016

Press

These Were the Top Home Sales in BK, Queens in March

By The Real Deal / April 5, 2016

Press

A New Dimension in Home Buying: Virtual Reality

By The New York Times / February 14, 2016

Press

Finding Real Estate Steals In The City

By Corcoran / November 30, 2015

Press

On the Market: Harlem Charmer

By Corcoran / November 11, 2015

Press

Last week's prettiest new listings include Demi Moore's triplex penthouse in the San Remo

By Brownstoner / November 4, 2001

Press

Remaking a ‘Developer Special’ in Brooklyn

By Brownstoner / January 16, 2001

Follow Us On Instagram