Is Brooklyn, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Brooklyn was a Neutral Market.
Key Takeaway
Brooklyn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklyn, CT
How much do homes in Brooklyn, CT cost?
Median Sold Price
$385,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brooklyn have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Brooklyn was $385,000 in May 2024, up 22.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $212.5K | -9.6% |
| 2 Bedrooms | $275K | $325K | +18.2% |
| 3 Bedrooms | $345.5K | $385K | +11.4% |
| 4 Bedrooms | $360K | $451.2K | +25.3% |
| 5+ Bedrooms | $285K | $325K | +14.0% |
Summary: Brooklyn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Brooklyn | $315K | $385K | +22.2% |
| Dayville | $295K | $335K | +13.6% |
| Danielson | $276K | $305K | +10.5% |
| Killingly | $285.5K | $315K | +10.3% |
| Plainfield | $280K | $292.5K | +4.5% |
Housing Supply in Brooklyn, CT
How many homes are available in Brooklyn, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 33 | +50.0% |
Summary: The Brooklyn real estate market had 33 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 18 | +80.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brooklyn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brooklyn, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Brooklyn in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Brooklyn, CT
We’re sorry, we don't have information for this market at the moment
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