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Friday, December 27, 2024

Bushwick South home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in Bushwick South fell by $739,363 while total sales increased by 25%, according to BlockShopper.com.

From July through September of 2017, there were five homes sold, with a median sale price of $1,668,912 - a 30.7% decrease over the $2,408,275 median sale price for the same period of the previous year. There were four homes sold in Bushwick South in the third quarter of 2016.

The following table compares Bushwick South to other Kings County cities with similar median sales prices in the third quarter of 2017:

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Bensonhurst West440%$4,160,000$786,250429.1%
Brownsville20-$3,003,000$0-
Bedford45-20%$2,168,500$1,500,00044.6%
Borough Park24-50%$1,825,000$1,290,00041.5%
Bushwick South5425%$1,668,911.75$2,408,275-30.7%
Prospect-Lefferts Garden/Wingate12-50%$1,650,000$2,378,500-30.6%
Brooklyn Heights/Cobble Hill1322-40.9%$1,550,000$707,500119.1%
Stuyvesant Heights42100%$1,345,000$4,000,000-66.4%
Greenpoint110%$1,325,000$2,050,000-35.4%
Bushwick North220%$1,235,000$1,950,000-36.7%
Flatbush15-80%$1,195,000$761,00057%

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