Brooklyn’s townhouse market kicked off 2025 with strong momentum, signaling renewed confidence among both buyers and sellers. Year-over-year, the number of transactions increased by 36%, and total dollar volume rose by 32%, even as average sales price dipped slightly by 3% and price per square foot remained essentially flat with a 1% increase. These figures suggest a market that is expanding in activity, with steady pricing supported by resilient demand and limited quality inventory.
Several neighborhoods stood out this quarter. Park Slope led the way with a sharp 88% increase in transaction volume and a 17.43% rise in average sales price, underscoring continued demand for its historic and family-friendly housing stock. In Cobble Hill, transaction volume more than doubled, bolstered by strong interest in turnkey properties—highlighted by an off-market sale at 30 Tompkins Place for $13 million, or $2,833 per square foot. Brooklyn Heights also showed price stability despite fewer sales, with average price per square foot climbing 5% year-over-year to $1,355, reflecting persistent buyer interest in this prime waterfront neighborhood.
Overall, while pricing across the borough held steady, increased sales activity and notable high-end transactions point to a healthy and competitive market environment as 2025 gets underway.
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