Brooklyn 2025 Mid-Year Townhouse Report

The Brooklyn townhouse market in the first half of 2025 reflected a mix of price appreciation, constrained inventory, and uneven sales activity across neighborhoods, but the overarching theme was strength. In several key areas, including Brooklyn Heights, Cobble Hill, and Fort Greene, pricing continued to rise as demand held firm for well-located, quality homes. Brooklyn Heights saw a 13% increase in average sales price, even as transaction count fell 24%, suggesting buyers are paying more for fewer available properties. Similarly, Cobble Hill stood out for its combination of rising prices and robust activity, with transaction volume up nearly 60% and average prices rising 14%, a signal of deep buyer confidence in the neighborhood. Fort Greene also posted strong numbers, with over $102 million in total dollar volume, already 86% of last year’s total volume, driven by standout sales and ongoing demand for well-renovated homes.

Other neighborhoods showed more muted sales activity but no signs of softening prices. Park Slope and Prospect Heights both experienced fewer trades year-over-year, down 21% and 27%, respectively—primarily due to historically low inventory, not lack of interest. In both markets, price per square foot increased, and well-priced, renovated homes sold quickly. Prospect Heights in particular remained extremely tight, with just three active listings and five homes in contract, while Park Slope saw buyers continue to engage selectively at higher prices. Carroll Gardens, meanwhile, saw renewed energy in Q2 with an uptick in sales volume and average pricing, highlighting buyer appetite for Brooklyn charm paired with strong fundamentals.

Across the board, low inventory is shaping the current market dynamics more than buyer hesitation. Turnkey properties are still commanding premium prices and moving swiftly, especially in neighborhoods with character, strong schools, and transportation access. As we move into the second half of 2025, the Brooklyn townhouse market appears poised to remain strong.