🏡 11238 Market Snapshot – June 2025
Presented by William Moore, Real Estate Broker
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📊 Key Metrics
Metric Value Change
Median Sale Price $1.40 M +7.7% YoY (realtor.com, redfin.com)
Median Price / sq ft $1,250 +4.1% YoY
Homes Sold (May ’25) 67 +9.8% YoY
Days on Market (Median) 46 days +8 days YoY
Active Listings ~140–226 homes ~–0.7% MoM
Pending Sales (Time-to-pending) ~33–34 days + ? days YoY
Zillow Home Value Index $1,195,152 avg +2.8% over past year
Median Listing Price $1.348 M as of May 31
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🌟 Market Highlights
• Heat map leader: ZIP 11238 is ranked the hottest market in the U.S. for 2025 by Redfin, covering Prospect Heights & Clinton Hill, thanks to a 105% increase in year over year sales and a median sale price of ~$1.397 M (+3.9%) (travelandleisure.com).
• Neighborhood comparison:
o Clinton Hill: ~$1.282 M median (+34.5% YoY; ~44 days on market) (redfin.com).
o Prospect Heights: Included in 11238 ranking; similar dynamics.
o Brooklyn overall: ~$1.03 M median (+2.9% YoY), ~69 days on market (travelandleisure.com, redfin.com).
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📝 What This Means for Buyers & Sellers
• For Sellers: Take advantage of strong median price growth (~+7–8% YoY); homes are still moving relatively briskly (~33–46 days on market), with some listing above asking.
• For Buyers: While competition remains fierce (Redfin Compete Score “somewhat competitive”), pricing growth is slightly moderating—offering brief opportunities to negotiate.
• For Investors: Momentum continues, but consider inventory supply and slight increases in market time—favored entry point if timed with negotiation window.
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🔎 Spotlight on William Moore
Looking to navigate this dynamic market? William Moore, licensed broker and community expert, can help you:
• Strategize timed listing or buying offers
• Target emerging sub-markets like Prospect Heights & Clinton Hill
• Leverage local market intelligence for top return or value
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📆 Market Outlook
Expect continued but modest home-value increases (2–4% growth range). Sales remain strong, albeit with extended time to contract—ideal timing for measured decisions and professional guidance.
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Questions, plans, or curiosity? Reach out to William Moore to tap real insights and make your next move count.
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