Brooklyn Townhome Market Update – Q1 2025
The Brooklyn townhome market in Q1 2025 is off to a compelling start, with key neighborhoods—Brooklyn Heights, Cobble Hill, Boerum Hill, and Carroll Gardens—showing signs of both opportunity and transition.
Here’s what you need to know as we move deeper into the year:
Key Market Metrics
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Closed Sales: 29
While down slightly by 3% year-over-year, this number still reflects steady buyer engagement across Brooklyn's core townhome markets. -
Contracts Signed: 21
A 50% increase YoY, highlighting renewed buyer confidence and active deal flow. -
Average Days on Market (DOM): 98 days
Up 6% YoY, suggesting that while homes are still selling, buyers may be taking a bit more time to make purchasing decisions. -
Inventory: 56 homes
A 75% jump YoY in available townhomes gives buyers more to choose from but also indicates a more competitive landscape for sellers. -
Average Sold Price: $4.35M
Down 9% YoY, offering slightly more pricing flexibility for buyers entering the market. -
Average Price Per Square Foot (PPSF): $1,265
A 21% decline YoY, which may present strong value opportunities for buyers looking for space and long-term upside.
Neighborhood Highlights
Let’s break down the Q1 performance by neighborhood:
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Brooklyn Heights
One of the most sought-after areas, Brooklyn Heights saw an average sale price of $7.7 million and led the market in PPSF at $1,537. -
Cobble Hill
A consistently hot neighborhood with an average PPSF of $1,465 and a DOM of 114 days—homes here are spacious and desirable but may take slightly longer to transact. -
Boerum Hill
Recorded seven deals, with an average sale price of $4.53 million and DOM of 99 days, maintaining its reputation for charming, high-end brownstones. -
Carroll Gardens
Led in deal volume with 14 closed sales, boasting an average price of $3.15 million and strong buyer interest across a range of listings.
What This Means for Buyers and Sellers
While we’re seeing small year-over-year declines in pricing and price per square foot, buyer activity is clearly picking up—especially with contracts signed up by 50%. The increase in inventory offers more selection, but well-positioned homes are still moving quickly.
For sellers, this remains a favorable market if pricing and presentation are aligned with buyer expectations. For buyers, this may be a unique moment to secure a property with more negotiation room and long-term value.
Let’s Talk Strategy
Whether you’re thinking about selling, buying, or just want to better understand how these trends affect your goals, I’m here to help. Let’s connect and make a plan that works for you in today’s evolving market.