Brooklyn Real Estate Market Report, July 2026: What Buyers and Sellers Need to Know
The quick read: Is now a good time to buy or sell in Brooklyn? July 2026 was one of the tighter, faster markets in the city. The median sale price rose 9.5% year over year to $1,205,000, homes sold in an average of 82 days, and the average discount from list was just 3%, so sellers held strong pricing power while buyers faced real competition. With inventory down 11.3% from a year ago, Brooklyn stayed firmly seller-favored, and prices rose even as the summer cooled overall activity.
Data as of July 2026. Source: Compass Brooklyn Market Insights, based on ACRIS and the REBNY Residential Listing Service.
Brooklyn at a Glance, July 2026
Median sale price: $1,205,000 (up 4.8% from June, up 9.5% year over year)
Average sale price: $1,481,620 (down 2.5% from June, down 0.8% year over year)
Average price per square foot: $1,003 (down 0.6% from June, up 1.3% year over year)
Average days on market: 82 (down from 90 in June, about level with 81 a year ago)
Average discount from list: 3%
Inventory: 3,233 active listings (down 1.6% from June, down 11.3% year over year)
Contracts signed: 554 (down 11.9% from June, up 4.1% year over year)
Recorded sales: 838 (up 3.1% from June, up 3.3% year over year)
What the July 2026 Numbers Actually Say
Brooklyn's July data points in a consistent direction: demand is strong and supply is tight. The median sale price rose both month over month, up 4.8%, and year over year, up 9.5%, to $1,205,000, a notably firmer move than Manhattan, where the monthly median softened. The average sale price eased slightly, down 2.5% from June, a mix effect driven by fewer high-end house closings rather than broad weakness, since the median and per-square-foot figures held up.
Inventory fell 11.3% from a year ago to 3,233 listings, one of the sharper supply contractions in the city, while recorded sales climbed 3.3% year over year. Homes sold in an average of 82 days, faster than June's 90, at just a 3% discount from list, meaning sellers gave up very little off asking price. Contracts signed dipped 11.9% from June, a normal summer softening, even as they finished up 4.1% year over year.
Is Now a Good Time to Buy in Brooklyn?
For buyers, July 2026 rewarded those prepared to act. With inventory down and discounts averaging only 3%, the negotiating room was thin, and hesitation carried a real cost on desirable listings. The three main property types behaved differently, which helps buyers target the right segment:
Condos: median sale price of $1,246,250, up 13.3% year over year, with the borough's highest per-square-foot pricing at $1,293 and demand still firm despite a month-over-month dip.
Co-ops: median sale price of $520,000, the most accessible entry point in the borough, and down 10.0% year over year, which points to relatively more value and room for co-op buyers than for condo buyers.
Houses: median sale price of $1,425,000, sold fastest of the three at an average of 75 days, with inventory down 15.5% year over year, the tightest house supply in the borough.
Buyers focused on value often find co-ops the most attainable path into Brooklyn, while those prioritizing newer construction and amenities gravitate toward condos, which command the highest per-square-foot pricing.
Is Now a Good Time to Sell in Brooklyn?
For sellers, July 2026 was a strong month. The median rose across the borough, homes sold faster than in June and faster than in Manhattan, and the 3% average discount means sellers largely held their asking prices. Tight inventory works in sellers' favor, but the same pricing discipline still applies: the fastest, strongest sales go to homes priced against current comparables, supported by professional preparation and marketing, rather than to those reaching for the top of the market. One of Daniel's current Williamsburg listings, 308 North 7th Street, Unit 6C, is a good example of a well-presented home in this market.
A Due-Diligence Note for Buyers: House and Co-op Financials
Brooklyn's mix of houses, condos, and co-ops means due diligence looks different depending on what you buy. For a townhouse or multi-family, budget for a thorough physical inspection and confirm the certificate of occupancy and any open permits through the NYC Department of Buildings before closing. For a co-op, review the building's reserve fund and recent assessment history, and confirm how roof, facade, and mechanical upkeep are funded. In both cases, the goal is to price the well-maintained, properly permitted version of the home rather than the version in the listing photos.
What This Means for Your Next Move
Brooklyn in July 2026 is a seller-favored market with genuine buyer demand underneath it, and the borough's mix of condos, co-ops, and houses means the right strategy depends heavily on which segment you are in. Buyers can explore how we guide a Brooklyn or Manhattan purchase, and sellers can see our approach to pricing and listing a home. To see what is currently on the market, browse active listings, follow ongoing NYC real estate market trends, and learn how Daniel Blatman's NYC real estate expertise helps buyers and sellers act on exactly these shifts.