NYC Real Estate Market Reports
Brooklyn Townhouse Report
1st Quarter 2026
Volume Up, Prices Up, and the Luxury End Leading the Way
Brooklyn's townhouse market had its strongest first quarter since 2022. Closed sales rose 8% year over year to 223 transactions, pricing strengthened across both single-family and multi-family categories, and activity above $4 million surged in a way that signals something more than a seasonal bounce. The buyers who are transacting are paying more for what they find, and they are finding less of it than they would like.
Q1 2026 Brooklyn Townhouse Snapshot
Closed sales: 223 (up 8% year over year)
Median price: $2.500M (up 5% year over year)
Average price: $2.811M (up 6% year over year)
Average price per square foot: $938 (up 5% year over year)
Single-Family vs. Multi-Family
Single-family houses drove the headline numbers. Sixty-one single-family sales closed in Q1 2026, up 17% year over year, with a median price of $3.450 million, a 24% jump from a year ago. That increase was supported by premium trades in Brooklyn Heights, where two closings exceeded $14 million, and a sharp rise in activity in Williamsburg and Greenpoint, which recorded seven single-family closings compared to two in Q1 2025. Average price per square foot for single-family properties rose 10% to $1,200.
Multi-family townhouses, defined here as properties with two to four residences, accounted for 162 of the 223 total closings. Median price for multi-family properties was $2.238 million, essentially flat year over year, with average price per square foot at $836.
Where the Demand Is Concentrated
The most striking number in the report sits at the top of the market. Sales above $4 million increased 58% year over year, from 26 closings to 41, the best performance in this segment in more than two years. Much of that growth came from multi-family activity in Park Slope, where buyers competing for income-producing brownstones pushed both volume and pricing higher.
At the other end, sales under $1 million fell 47%, from 15 closings to 8. The sub-$1 million Brooklyn townhouse is not extinct but it is becoming rare enough that it warrants a mention. The buyers who remain active in this market are well-capitalized and motivated. The data reflects both things simultaneously.
The $2 million to $4 million range, where most Brownstone Brooklyn transactions actually happen, held essentially flat at 101 closings. Stable and functional.
Neighborhood by Neighborhood: Single-Family
Carroll Gardens, Boerum Hill, and Red Hook posted the strongest single-family activity of any submarket, with 12 closings up 71% year over year and a median price of $3.988 million. Individual sales ranged from $1.4 million to $7.3 million, reflecting the full spectrum of the neighborhood's housing stock.
Fort Greene, Clinton Hill, and Prospect Heights saw single-family median prices rise 35% year over year to $4.200 million on 4 closings. A small sample but a consistent direction.
Park Slope and Gowanus recorded 8 single-family closings with a median price of $4.025 million. Individual sales in the appendix range from $2.7 million on a less prominent block to $9.5 million on President Street. The spread between those two numbers is Park Slope's internal pricing hierarchy made visible.
Brooklyn Heights, Cobble Hill, Dumbo, and Downtown posted the highest average prices of any submarket, with an average of $6.151 million across 8 closings. Two of those closings exceeded $14 million. Brooklyn Heights continues to occupy a tier of its own in the borough's single-family market.
Bed-Stuy, Crown Heights, Prospect-Lefferts Gardens, and Bushwick remain the most accessible entry point into Brooklyn single-family ownership, with a median price of $2.120 million, up 17% year over year, across 22 closings. The range in the appendix runs from $805,000 at the low end to $4.260 million, with most activity concentrated between $1.5 million and $3 million. For buyers priced out of the western neighborhoods, these blocks continue to offer real value and real brownstone character.
Neighborhood by Neighborhood: Multi-Family
Bed-Stuy, Crown Heights, and surrounding neighborhoods dominate Brooklyn's multi-family market by volume, accounting for 93 of the 162 multi-family closings. Median price was $1.720 million, up 1% year over year. The range is wide, from $780,000 at the entry level to $3.250 million, with most of the action between $1.1 million and $2.5 million. The volume here is significant. This is where Brooklyn's multi-family market actually lives.
Park Slope and Gowanus posted 21 multi-family closings with a median price of $3.150 million, up 25% year over year, the strongest multi-family price appreciation of any Brooklyn submarket. Buyers competing for income-producing brownstones on these blocks are paying meaningfully more than they were a year ago.
Carroll Gardens, Boerum Hill, and Red Hook recorded 25 multi-family closings with a median price of $3.125 million. Individual sales ranged from $1.740 million to $5.600 million, with a dense concentration between $2.5 million and $4.5 million on the neighborhood's most desirable blocks.
Fort Greene, Clinton Hill, and Prospect Heights had 10 multi-family closings with a median price of $2.959 million, up 4% year over year.
What the Data Shows
Brooklyn's townhouse market is not under pressure. Sales are up, prices are up, and the segment showing the most momentum is the most expensive one. The compression at the lower end of the market reflects a decade of sustained appreciation that has reset the floor in ways that are unlikely to reverse.
For sellers, the picture is straightforward. Correctly priced houses are selling. The appendix contains over 200 transactions that demonstrate active, motivated buyers across every neighborhood and every price tier above $1 million. The listings not moving are almost always a pricing problem. The demand is there.
For buyers, the multi-family data is worth sitting with. An income-producing brownstone in Carroll Gardens or Park Slope at $3 million is a fundamentally different financial proposition from a condo at the same price. The rental income, the land value, and the long-term trajectory of Brooklyn brownstone ownership all factor into an analysis that goes well beyond the purchase price. Buyers who are serious about this asset class understand that. The ones who are not have usually figured it out by the second or third offer they lose.
Data sourced from The Corcoran Townhouse Report, Q1 2026
Thinking About Buying or Selling a Brooklyn Townhouse?
The townhouse market requires a different analysis than condos or co-ops. If you are thinking about a house in Brooklyn, I am happy to give you a clear read on what the current market looks like for your specific situation.