Brooklyn Brownstone Market Cools in Q2, But Prices Remain Resilient
Brooklyn Brownstone Market Cools in Q2, But Prices Remain Resilient
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July 15, 2025 | New York City
Brooklyn's iconic brownstones and standalone homes saw a slowdown in sales in the second quarter of 2025, with a 12% drop in transaction volume compared to the previous quarter. Just over $1.6 billion in sales were recorded across 1,089 deals, marking a significant dip from early 2025 but still slightly up — by 0.5% — year-over-year.
Despite the dip in activity, prices in the borough remained firm. The median price for these types of homes hovered at $1.37 million, the highest quarterly median since early 2020. The average price per square foot reached $760, up $14 from Q1, showing continued strength in buyer demand for Brooklyn’s historic architecture and family-friendly neighborhoods.
Stuyvesant Heights led the borough in total sales volume with $88.9 million, up 23% from the previous quarter across 53 deals. Meanwhile, Cobble Hill experienced the most dramatic quarterly increase, jumping 328% to nearly $28 million in sales. In contrast, Coney Island saw the steepest decline, with sales volume falling by 88%.
Brooklyn Heights continued to dominate on a price-per-square-foot basis, averaging $2,100 — the highest in the borough and 23% higher than the same period last year. Brighton Beach also posted impressive growth, with its price per square foot rising nearly 56% from Q1, further highlighting the shifting dynamics within Brooklyn's residential market.
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