Brooklyn Co-op & Condo Market Report: Q4 2025 Shows Resilience Despite Inventory Challenges
Brooklyn's co-op and condo market closed out 2025 with cautious optimism, posting its second consecutive quarter of sales growth despite persistent inventory constraints that continue to challenge both buyers and sellers. As a Brooklyn native and real estate professional with over 30 years of experience in this market, I've analyzed the latest Corcoran Report data to help you understand what's happening with Brooklyn apartments—and what it means for your real estate decisions in 2026.
📊 About This Report: This analysis focuses specifically on co-op and condo sales in Brooklyn, based on Corcoran's Q4 2025 market data. Townhouses, brownstones, and single-family homes—which represent a significant and often even more competitive segment of Brooklyn's real estate market—are not included in these statistics. If you're interested in the townhouse market, which often sees different dynamics and higher price points, contact me directly for current insights.
Brooklyn Co-op & Condo Market Overview: The Big Picture
The fourth quarter of 2025 revealed a co-op and condo market demonstrating resilience in the face of ongoing challenges. With 1,176 closed sales—a 2% increase year-over-year—Brooklyn's apartment market showed modest but meaningful growth. However, this figure represents the second-lowest fourth quarter total in thirteen years, underscoring how limited inventory continues to constrain buyer options.
Key Market Metrics at a Glance
- Closed Sales: 1,176 (up 2% YoY)
- Median Price: $800,000 (up 5% YoY)
- Average Price: $1.1M (up 7% YoY)
- Average Price Per Square Foot: $1,138 (up 5% YoY)
- Days on Market: 89 days (up 5% YoY)
- Active Inventory: 1,496 units (up 5% YoY)
- Contracts Signed: 903 (up 1% YoY)
What's Driving Brooklyn's Market Dynamics?
The Inventory Shortage Continues
Despite a 5% year-over-year increase in listed inventory, available properties remain 18% below the ten-year fourth-quarter average. New development inventory hit a ten-year low at just 385 units, down 15% from the previous year. This shortage stems from two primary factors:
- Limited New Development Launches: Developers have pulled back on new projects, creating a supply gap that's particularly acute in the luxury segment.
- The Lock-In Effect: Current homeowners with low mortgage rates from 2020-2021 remain hesitant to sell, further restricting supply.
Price Growth Across All Segments
All price metrics posted gains in Q4 2025, with the overall median price reaching $800,000—a 5% year-over-year increase. More impressively, the average price climbed 7% to $1.1 million, with only three other quarters on record exceeding this figure.
The average price per square foot of $1,138 represents the third-highest level ever recorded in Brooklyn, with only two quarters surpassing this benchmark. This pricing strength reflects both genuine market demand and a compositional shift toward higher-end transactions.
Brooklyn Real Estate by Property Type
Note: This section covers co-ops and condos only. Brooklyn's townhouse and single-family home market—particularly strong in brownstone neighborhoods like Park Slope, Brooklyn Heights, Carroll Gardens, and Bed-Stuy—operates with different dynamics, often seeing even more competitive bidding and higher price points due to extremely limited inventory.
Resale Co-ops: The Traditional Brooklyn Option
Resale co-op inventory surged 23% year-over-year to 614 listings, reaching a four-year high for the fourth quarter. However, sales declined 7% due to reduced activity in the under-$500K segment, which typically comprises more than half of Brooklyn's co-op market.
Key Co-op Metrics:
- Median Price: $475K (up 10% YoY)
- Average PPSF: $628 (up 6% YoY)
- Market Share: 38% of total sales
The 10% median price increase reflects fewer low-end sales and stronger activity in neighborhoods like Park Slope and Brooklyn Heights, where co-ops in the $500K-$750K range saw robust demand.
Resale Condos: Steady Demand, Tighter Supply
Resale condo closings increased 4% year-over-year to 411 sales—the highest fourth-quarter figure in three years. Despite this growth, inventory remains 15% below the ten-year average.
Key Condo Metrics:
- Median Price: $988K (up 8% YoY)
- Average PPSF: $1,155 (up 6% YoY)
- Market Share: 35% of total sales
The 8% median price increase was driven by a greater share of sales over $1 million, particularly in Williamsburg where waterfront properties commanded premium pricing.
New Development: Limited Supply, Record Prices
New development sales increased 13% year-over-year, though this comparison is against Q4 2024, which saw the slowest fourth quarter in a decade. With inventory at historic lows, pricing reached unprecedented levels.
Key New Development Metrics:
- Median Price: $1.4M (record high, up 10% YoY)
- Average PPSF: $1,411 (down 3% YoY but still elevated)
- Market Share: 27% of total sales
The record $1.4 million median price was fueled by strong sales over $2 million in Williamsburg, DUMBO, and Greenpoint—neighborhoods offering Manhattan skyline views and waterfront access.
Neighborhood Spotlight: Where Brooklyn Buyers Are Looking
Williamsburg & Greenpoint: The Luxury Leaders
Market Stats: 147 sales (up 3% YoY) | Median Price: $1.65M (up 20% YoY)
Williamsburg and Greenpoint continue to command Brooklyn's highest prices, with the median reaching a record $1.65 million in Q4 2025. This 20% year-over-year surge was driven by robust new development activity and an expanded share of sales over $2 million. The neighborhood's waterfront appeal and Manhattan proximity make it particularly attractive to high-end buyers.
Park Slope & Gowanus: Sales Surge
Market Stats: 126 sales (up 60% YoY) | Median Price: $1.35M (up 2% YoY)
Park Slope and Gowanus experienced Brooklyn's most dramatic sales increase, with closings surging 60% year-over-year. This growth was driven by gains across all product types and a more than twofold increase in new development transactions. Despite the sales surge, inventory remains remarkably tight at just 61 active listings—the second-lowest figure in ten years.
Brooklyn Heights, Cobble Hill, DUMBO & Downtown: Steady Luxury Demand
Market Stats: 146 sales (down 2% YoY) | Median Price: $1.27M (up 12% YoY)
Brooklyn's most established luxury neighborhoods posted modest sales declines but strong price appreciation. The 12% median price increase reflects sustained demand for prime locations with excellent transportation access and top-rated schools.
South Brooklyn: Affordable Options with Challenges
Market Stats: 394 sales (down 5% YoY) | Median Price: $450K (up 13% YoY)
South Brooklyn—comprising neighborhoods like Bay Ridge, Bensonhurst, and Dyker Heights—remains Brooklyn's most affordable market segment. The 13% median price increase reflects a shift toward properties in the $500K-$750K range, as the under-$350K segment continues to shrink.
Days on market in South Brooklyn averaged 110 days—the longest in Brooklyn—as price-conscious buyers take more time making decisions.
Market Trends by Price Point
The distribution of sales across price segments reveals important shifts in Brooklyn's market composition:
Under $500K: Sales declined in this segment, which historically represented Brooklyn's entry-level market. The shrinking supply of affordable co-ops in South Brooklyn neighborhoods contributed to this decline.
$500K-$1M: This middle-market segment remained relatively stable, representing Brooklyn's largest pool of buyers—primarily families seeking two-bedroom units in established neighborhoods.
$1M-$2M: Activity in this segment increased modestly, driven by strong condo demand in Park Slope, Fort Greene, and brownstone Brooklyn.
Over $2M: This luxury segment saw the largest growth, up 3% in market share, fueled by new development closings in waterfront neighborhoods offering Manhattan views.
What This Means for Brooklyn Co-op & Condo Buyers
If you're looking to buy a Brooklyn apartment in 2026, here's what you need to know:
Competition Remains Fierce
With inventory still 18% below historical averages, expect to face competition, particularly for well-priced properties in desirable neighborhoods. Buyers with financing pre-approval and flexibility on closing dates will have an advantage.
Days on Market Are Rising
The 89-day average marketing time (up 5% year-over-year) suggests you may have slightly more negotiating room than in recent years, especially in lower price tiers and for studios and one-bedroom units.
New Development Opportunities Are Limited
With new development inventory at a ten-year low, buyers seeking brand-new construction should act quickly when suitable properties become available. Competition for these units remains intense.
Neighborhood-Specific Strategies
- Williamsburg/Greenpoint: Expect to pay premium prices; be prepared for bidding situations on waterfront properties
- Park Slope/Brooklyn Heights: Look for value in resale co-ops; condo inventory remains very tight
- South Brooklyn: More inventory and longer market times provide better negotiating opportunities
- Bed-Stuy/Crown Heights: Watch for price-sensitive sellers as days on market have increased significantly
What This Means for Brooklyn Co-op & Condo Sellers
If you're considering selling your Brooklyn apartment, market conditions present both opportunities and considerations:
Pricing Strategy Is Critical
With days on market increasing—particularly in lower price segments—accurate pricing from the start is more important than ever. Overpriced listings risk languishing, especially as buyers have more time to compare options.
Product Type Matters
- Co-ops: Face the most significant headwinds, particularly at lower price points. Highlight your building's unique features and financial stability.
- Condos: Remain in strong demand with limited supply. Price competitively but confidently.
- New Development: Limited competition means well-positioned units can command premium pricing.
Timing Considerations
The second consecutive quarter of sales growth suggests building momentum heading into 2026. Spring 2026 could bring increased buyer activity as seasonal patterns normalize.
Presentation Is Everything
With buyers taking more time (89 days average), professional staging, high-quality photography, and comprehensive marketing are essential. Properties that show well online will capture more attention in a market where buyers are conducting extensive research before viewing.
Looking Ahead: Brooklyn Real Estate in 2026
Several factors will influence Brooklyn's real estate market in the coming year:
Mortgage Rate Outlook
Any significant movement in mortgage rates could unlock inventory as the "lock-in effect" diminishes. However, homeowners who refinanced at historic lows (2.5%-3.5%) in 2020-2021 will remain hesitant to move unless life circumstances require it.
New Development Pipeline
The limited new development inventory suggests a continued supply shortage in 2026, particularly in the luxury segment. This scarcity should continue supporting price appreciation in prime neighborhoods.
Economic Factors
Brooklyn's real estate market has demonstrated remarkable resilience through various economic cycles. The borough's appeal to both Manhattan commuters and remote workers provides diverse demand sources that should support continued stability.
Neighborhood Evolution
Emerging neighborhoods like East Williamsburg, Sunset Park, and East Flatbush continue evolving with new restaurants, retail, and cultural amenities that enhance their appeal to a broader buyer pool.
Expert Insights: Navigating Brooklyn's Co-op & Condo Market
Having worked in Brooklyn real estate for over three decades—from Park Slope to Bay Ridge, and across all property types from co-ops to townhouses—I've seen numerous market cycles. Here's my perspective on the current co-op and condo environment:
For Buyers: This market requires patience and strategic thinking. Don't chase every listing; instead, understand neighborhood dynamics deeply and move decisively when the right property appears. Consider emerging neighborhoods where your dollar stretches further while still offering excellent quality of life.
For Sellers: The data shows that well-priced, well-presented properties are still selling—but "well-priced" is the key term. Work with an agent who knows your specific neighborhood's micro-market dynamics and can provide comparable sales data to support pricing decisions.
For Both: Brooklyn's residential real estate market has proven remarkably resilient over decades. Whether you're buying your first home, upgrading to accommodate a growing family, or downsizing for retirement, Brooklyn offers options across neighborhoods and price points—you just need the right guidance to find them.
The Bottom Line
Brooklyn's Q4 2025 co-op and condo market tells a story of resilience amid challenges. Sales and prices rose modestly despite inventory constraints that continue limiting buyer options. The shift toward higher-end transactions reflects both compositional changes and genuine demand strength in Brooklyn's most desirable neighborhoods.
As we move into 2026, I expect continued modest growth with persistent inventory challenges for apartments. Neighborhoods offering the best combination of value, amenities, and accessibility will continue attracting buyer interest, while luxury segments should maintain their pricing power given limited new supply.
Looking for a townhouse or single-family home? The market dynamics for these properties differ significantly from co-ops and condos—often with even tighter inventory and more competitive bidding. Brownstone neighborhoods like Park Slope, Carroll Gardens, and Fort Greene continue to see strong demand from families seeking outdoor space and more square footage.
Whether you're looking to buy or sell a co-op, condo, or townhouse in Brooklyn, understanding these property-specific dynamics is essential for making informed decisions. The market rewards those who do their homework, price strategically, and work with experienced professionals who know Brooklyn's diverse neighborhoods and property types intimately.
Ready to make your move in Brooklyn's real estate market? As an Associate Broker with The Savino Team at Corcoran, I bring over 30 years of Brooklyn expertise across all property types—co-ops, condos, townhouses, and single-family homes. Whether you're buying your first apartment in Park Slope, selling a co-op in Bay Ridge, upgrading to a townhouse, or exploring investment opportunities, I'm here to guide you every step of the way.
Contact Laurie Savino
Associate Broker | The Savino Team at Corcoran
Brooklyn Office: 1 Pierrepont Plaza, Brooklyn, NY
Email: laurie.savino@corcoran.com
Phone: 718-309-4054
Certified Negotiation Expert | Corcoran Luxury Agent | "Exactly What to Say" Certified Guide
Data Source: The Corcoran Group Q4 2025 Brooklyn Market Report. All statistics represent closed sales through December 31, 2025, unless otherwise noted.
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