Brooklyn Real Estate Market Report: October
Brooklyn prices kept climbing in October 2026. The median sale price reached $1,133,750, up 14.5% from a year ago; contracts signed rose 16.4% from September to 490; and buyers paid an average of just 5% below the original list price, according to the Compass Brooklyn Market Insights report for October 2026. Northwest Brooklyn drew 38% of contracts on only 22% of listings, the clearest sign of where demand is strongest.
- Contracts signed490
- Change from September+16.4%
- Homes for sale3,544
- Average discount from list5%
01
How busy was the Brooklyn market in October 2026?
Busier than September. Buyers signed 490 contracts, up from 421, led by co-ops, where contracts jumped 37.9%. House contracts rose 18.4%, and condo contracts held steady.
Activity is still below last year. October 2025 saw 588 contracts, down 16.7% year over year. Closed sales, which reflect deals signed over the summer, rose 8.3% to 754, with house sales up 20.6%.
02
Are Brooklyn home prices going up?
Yes, compared with last year. The median sale price rose 14.5% to $1,133,750, and the average sale price rose 6.4% to $1,438,064. The overall average price per square foot dipped 1.3% to $901, likely because more houses sold, and houses ssoldfor less per square foot.
Condos showed the steadiest gains. The median condo price rose 7.1% to $1,210,000, and condo price per square foot rose 3.5% to $1,296. The median house price held at $1,300,000, and the median co-op price dipped 3.0% to $482,500.
03
Is there more inventory in Brooklyn?
Slightly more than last month, but less than last year. October saw 3,544 homes for sale, up 3.3% from September as fall listings arrived, but down 4.6% from 3,716 a year ago. House inventory was down 6.2%, condo inventory down 2.9%, and co-op inventory down 3.5%.
Houses are nearly half the market, at 47% of listings, followed by condos at 33% and co-ops at 20%.
04
Which parts of Brooklyn are buyers signing in?
Northwest Brooklyn, by a wide margin. The area, which includes neighborhoods like Brooklyn Heights, Cobble Hill and Park Slope, had 38% of October contracts but only 22% of listings. That's a sign demand there is outpacing supply.
South Brooklyn is the reverse. It holds 48% of the borough's listings but drew 37% of contracts, so buyers there have more choice and more room to negotiate. North and East Brooklyn were closely balanced.
Source: Compass Brooklyn Market Insights report for October 2026.
05
How do condos, co-ops and houses compare?
Houses led October contracts at 38%, followed by condos at 33% and co-ops at 29%. Houses also sold fastest, at 90 days on average, while co-op buyers paid the closest to asking, with a 3% average discount.
October 2026 | All | Condos | Co-ops | Houses |
|---|---|---|---|---|
Median sale price | $1,133,750 | $1,210,000 | $482,500 | $1,300,000 |
Change from Oct 2025 | +14.5% | +7.1% | −3.0% | 0% |
Average price per sq ft | $901 | $1,296 | $683 | $664 |
Average days on market | 96 | 103 | 94 | 90 |
Average discount | 5% | 4% | 3% | 6% |
Inventory | 3,544 | 1,185 | 707 | 1,652 |
Contracts signed | 490 | 161 | 142 | 187 |
Source: Compass Brooklyn Market Insights report for October 2026. Prices are recorded sale prices; days on market is for homes that went into contract.
06
What does November mean for buyers and sellers?
October's numbers set up a steady November, with higher prices and lower inventory than last year. Here's how to use them this month.
If you're buying
- Expect competition in Northwest Brooklyn, where contracts are far outpacing listings.
- Look at South Brooklyn for the most choice. It has nearly half the borough's listings.
- Discounts are small, averaging 5%, so come in with a strong, well-supported offer.
If you're selling
- Prices are up 14.5% from last year, and you're competing with fewer listings.
- Co-op demand is rising. Co-op contracts were up 37.9% from September and 6.0% from last year.
- Price right from the start. The average home took 96 days to go into contract, up from 83 in September.
Frequently asked questions
How is the Brooklyn real estate market in October 2026?
Busier than September, with prices up from last year. Buyers signed 490 contracts, up 16.4% from September but 16.7% below October 2025. The median sale price was $1,133,750, up 14.5% year over year, and inventory was 4.6% lower than a year ago.
What is the median home price in Brooklyn right now?
$1,133,750 in October 2026, up 14.5% from $990,000 in October 2025. The median was $1,210,000 for condos, $482,500 for co-ops and $1,300,000 for houses.
Are Brooklyn home prices going up?
Yes, compared with last year. The overall median rose 14.5%, the condo median rose 7.1% and condo price per square foot rose 3.5% to $1,296. House prices held flat at a $1,300,000 median, and the co-op median dipped 3.0%.
How many homes are for sale in Brooklyn?
3,544 in October 2026, up 3.3% from September but down 4.6% from 3,716 a year earlier. Houses made up 47% of listings, condos 33% and co-ops 20%.
Which part of Brooklyn is most in demand?
Northwest Brooklyn. It accounted for 38% of October contracts but only 22% of listings, the biggest gap of any part of the borough.
How long does it take to sell a home in Brooklyn?
Homes that went into contract in October averaged 96 days on market: 103 days for condos, 94 for co-ops and 90 for houses. The average discount from the original list price was 5%.
Is November a good time to sell in Brooklyn?
Prices are up from last year, inventory is below 2025 levels and buyers are paying close to asking, so well-priced homes are finding buyers. Every home is different. Contact Darrell Williams for a pricing analysis on yours.
Want to know what November's Brooklyn market means for your home or your search? Contact Darrell Williams for a private consultation, or view my Compass profile and listings.
