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Market Intelligence · NY / Brooklyn

Brooklyn, NY 11231 Housing Market

The typical home in Brooklyn, NY 11231 is valued at $1,807,916, up 4.3% over the past year. The median list price stands at $2,120,000, with homes spending a median of 47 days on market as of September 2026.

Updated September 2026Median value$1808K

The median home value in Brooklyn, NY 11231 is $1.81M as of September 2026, up 4.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 11231 range

$1.66M to $1.95M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+4.3% over 12 months

Typical home value in 11231 over the last 12 months: $1.73M in Sep 2025 to $1.81M in Sep 2026 (+4.3%).

Sep 2025$1.73M

Sep 2026$1.81M

The numbers

What is the 11231 housing market like?

Typical home value

$1.81M

Up4.3%YoY

Median list price

$2.12M

Up8.8%MoM

Days on market

47

Up2.2%MoM

Homes for sale

44

Up69.2%MoM

Price cuts

2.4%

New listings

26

Up225.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

11231 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 11231 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 11231 rose 4.3%, per the Zillow Home Value Index.

Will home prices drop in 11231?

Zillow's forecast does not call for a drop: it expects typical home values in 11231 to rise 2.5% by September 2027, after a 4.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 11231 home prices compare?

  • 11231$1,807,916
  • Brooklyn$1,029,637
  • New York$329,626
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Brooklyn: 38 ZIPs; New York: 1,561 ZIPs; United States: 26,262 ZIPs).

Context

Brooklyn, NY 11231 has 44 homes currently for sale, with 26 new listings added in September 2026. The median list price of $2,120,000 reflects the neighborhood's market positioning. At a median of 47 days on market, homes are moving at a moderate pace. Only 2.4% of listings have received a price cut, suggesting most sellers are holding firm on asking prices. For homeowners considering a sale, the steady year-over-year value appreciation signals a stable market, though you should expect your home to sit for several weeks before finding a buyer.

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Common questions

What people ask us.

What is the typical home value in Brooklyn, NY 11231?

The typical home value is $1,807,916, which has increased 4.3% over the past year as of September 2026.

How long do homes take to sell in Brooklyn, NY 11231?

The median days on market is 47 as of September 2026.

How many homes are currently for sale in Brooklyn, NY 11231?

There are 44 homes for sale as of September 2026, with 26 new listings added that month.

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