According to a 2024 report by PropertyShark, Red Hook has emerged as Brooklyn's most expensive neighborhood, ranking ninth citywide with significant median sale prices. The report indicates that 21 neighborhoods in Brooklyn boast median sales of at least $1 million, with Carroll Gardens and Cobble Hill also ranking high. Remarkably, Brooklyn was the only borough to see a rise in transactions and prices. In contrast, neighborhoods like Boerum Hill and Gowanus witnessed significant declines in sales. Dumbo also fell in rankings, indicating mixed trends across the borough's real estate market.
As of 2024, Red Hook is Brooklyn's most expensive neighborhood, ranked ninth citywide with soaring median sale prices.
Brooklyn neighborhoods account for nearly half of the top 50 most expensive places to live in New York City, with 21 Brooklyn neighborhoods being priced at a median sale of at least $1 million.
Carroll Gardens, with a median sales price of $1.98 million, saw an 11 percent year-over-year increase, maintaining its position among Brooklyn's priciest.
While Brooklyn experienced a 2 percent rise in transactions and a 5 percent boost in median sales prices, Boerum Hill faced a 46 percent sales decline.
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