INSIGHTS
Q1 2025 MARKET REPORT
BROOKLYN, LONG ISLAND & QUEENS
Market Overview
DEAR CLIENTS, FRIENDS, AND PARTNERS,
As we reflect on the first quarter of 2025, the housing market continues to present both challenges and opportunities. Across Long Island, Brooklyn, Queens, and the East End, we’re seeing a market shaped by rising mortgage rates, limited inventory, and resilient home prices.
What does that mean in plain terms? Fewer homes are changing hands—but those that are, continue to sell at strong prices. In fact, across all counties, the median sales price climbed over 10% compared to this time last year, even though total sales dropped slightly. For many buyers and sellers, timing and strategy are more important than ever.
In Brooklyn and Queens, prices remain strong, with neighborhoods like Prospect Heights and Clinton Hill leading the way in buyer demand. Nassau and Suffolk counties saw steadier pricing, even as inventory constraints put pressure on buyers. Out East, the Hamptons and North Fork reached new highs in pricing, although homes are taking longer to sell as buyers weigh their options carefully.
Throughout all of this, one thing remains constant: real estate is a long game, and success comes from working with the right advisor.
At Daniel Gale Sotheby’s International Realty, our advisors are market experts. We understand the nuances behind the numbers and have the tools, insight, and experience to guide you—whether you’re buying, selling, or simply evaluating your next move. Leverage our legacy and extensive market knowledge to help you thrive in every market.
Deirdre O’Connell Chief Executive Officer
Nassau County & Suffolk County Brooklyn & Queens
Table of Contents
Definitions
Median
The threshold which divides the real estate market into two equal halves, in reference to pricing. One half of the homes in the market were sold at a price above the median home price, while the other half were sold below that price.
Average
The sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period.
Inventory
Housing inventory is a measure of our market's supply and affects value. Inventory is measured as active properties on the market at the end of the quarter.
Nassau County
Brooklyn Queens Click to Explore Data by County
Suffolk County
North Fork Hamptons
Q1 2025 Summary • January 1 – March 31, 2025
2,334 -10%
Number of Sales Q1 2025 vs Q1 2024
104 -9%
Average Days on Market Q1 2025 vs Q1 2024
$1.1M +16%
Median Sales Price Q1 2025 vs Q1 2024
$1.38M +15%
Average Sales Price Q1 2025 vs Q1 2024
1,574 +5%
Listing Inventory*
Brooklyn
Residential
Q1 2025 Summary • January 1 – March 31, 2025
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South
Red Hook
Stuyvesant Heights
Sunset Park Williamsburg
$1,237,500 $1,180,000 $1,550,000 $2,125,000 $995,000 $1,974,950 $999,000 $1,772,500 $1,250,000 $792,000 $1,795,000 $955,000 $760,000 $1,725,000 $1,662,500 $1,295,000 $1,500,000 $550,000 $994,500 $845,000 $1,750,000 $1,418,000 $1,065,000 $779,500 $900,000 $1,202,500 $1,130,000 $1,700,000 $1,211,300
Stuyvesant
Hill
Hill
Park
$2,500 $3,000 $4,350 $4,350 $3,100 $2,100 $5,000 $3,200 $2,748
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South
Red Hook
Stuyvesant Heights
$1,391,500 $1,742,000 $3,900,000 $5,800,000 $1,212,500 $2,950,000 $2,387,500 $3,455,000 $1,392,500 $1,990,000$1,800,000 $1,020,000 $3,482,500 $2,750,000 $1,500,000 $2,500,000 $1,600,000 $1,250,000 $850,000 $3,188,803 $3,137,726 $1,640,000 $2,750,000 $892,500 $1,300,000 $1,400,000 $2,800,000 $2,120,000
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South
Red Hook
Stuyvesant Heights
$710,000 $1,002,500 $1,545,000 $3,325,000 $665,000 $1,735,000 $1,250,000 $1,750,000 $1,250,000
$1,857,500 $920,000 $499,000 $1,421,000 $1,547,500 $1,195,000 $1,500,000 $755,000 $610,000 $475,000 $1,879,381 $1,715,000 $762,500 $685,000 $1,125,000 $1,100,000 $574,001 $1,600,000 $1,399,000
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South
$340,000 $475,000 $1,091,000 $688,750 $270,000 $1,095,000 $725,000 $680,000 $523,750 $510,000 $280,000
$317,000 $915,000 $550,000
2,960 -7%
Number of Sales
96 -1%
Average Days on Market
$675K +2%
Median Sales Price
Q1 2025 Summary • January 1 – March 31, 2025 Q1 2025 vs Q1 2024 Q1 2025 vs Q1 2024 Q1 2025 vs Q1 2024
$759K +5%
Average Sales Price
3,894 +4%
Listing Inventory
Bayside, NY • MLS#
$787,500 $400,000 $750,000 $852,500 $845,000 $912,000 $745,000 $630,000 $430,000 $940,000 $846,000 $468,750 $503,000 $332,000 $460,000 $892,500 $898,000 $859,000 $715,000 $722,500 $395,000 $810,000 $1,208,678 $643,750 $455,000 $861,500 $846,000 $434,250
Douglaston East Elmhurst
Flushing Forest Hills
Fresh Meadows
Glendale
Jackson Heights
Jamaica Estates
Kew Gardens
Little Neck
Long Island City Maspeth Middle Village
Town Homes
Flushing Forest Hills
Fresh Meadows
Glendale
Jackson Heights
Jamaica Estates
Kew Gardens
Little Neck
Long Island City Maspeth Middle Village
Park
$1,200,000 $1,040,000 $780,000 $950,000 $949,000 $1,210,000 $855,000 $1,189,000 $1,347,500 $1,182,500 $850,000 $1,058,916 $999,000 $1,215,000 $1,150,000 $1,355,500 $905,000 $901,675 $1,153,600 $725,000 $1,030,000 $772,500 $1,204,339 $645,000 $1,450,000 $1,100,000 $855,000 $1,137,500
Condos/Co-ops/HOA
Astoria
Bayside
Bellerose
College Point
Corona
Douglaston
East Elmhurst
Flushing
Forest Hills
Fresh Meadows
Glendale
Jackson Heights
Jamaica Estates
Kew Gardens
Little Neck
Long Island City
Maspeth
Middle Village
Oakland Gardens
Ozone Park
Rego Park
Richmond Hill
Ridgewood
St. Albans
$355,000 $269,999 $742,000 $351,250 $308,000 $342,000 $545,140 $354,500 $305,000 $410,000 $377,625 $245,000 $315,000 $377,500 $885,000 $464,973 $400,000 $340,000
Nassau County
Q1 2025 Summary • January 1 – March 31, 2025
2,125 +5%
Number of Sales
64 -2%
Average Days on Market
$770K +9%
Median Sales Price
$951K +8%
Average Sales Price
2,389 20%
Listing Inventory
Residential Nassau County
Albertson
Atlantic Beach
Baldwin / N. Baldwin / Baldwin Harbor
Bayville
Bellmore / N. Bellmore
Brookville
Carle Place
5-Towns
Centre Island
Cove Neck
East Rockaway
East Williston
East Hills
East Meadow
East Norwich
Floral Park
Franklin Square
Freeport
Garden City
Glen Cove
Glen Head / Glenwood Landing
Great Neck / Kings Point
$1,350,000 $1,350,000 $700,000 $800,000 $755,000 $2,256,250 $819,500 $860,000 -
$600,000 $1,335,000 $1,740,000 $780,000 $721,563 $592,500 $825,000 $563,000 $1,155,000 $874,500 $1,019,000 $1,118,000$755,500 $650,000 $1,182,500 $2,250,000 $700,000
Nassau County
Lido Beach Locust Valley / Lattingtown
Manhasset
Manhasset Hills
Masspequa / Massapequa Park
Matinecock
Merrick / N. Merrick
Mill Neck
Mineola
Muttontown
New Hyde Park
North Hills
Oceanside
Old Brookville
Old Westbury
Oyster Bay
Oyster Bay Cove
Plainview
Point Lookout
$995,000 $1,400,000 $700,000 $697,500 $754,500 $1,837,500 $1,400,000 $730,000$825,000 $2,680,000 $710,000 $1,800,000 $892,500 $2,580,000 $700,000 $2,250,000 $3,325,000 $1,165,000 $3,092,500 $888,000 $1,562,500 $1,185,000 $710,000 $1,250,000$2,457,500 $845,000
Residential Nassau County
South Hempstead
Sands Point
Sea Cliff
Seaford
Searingtown
Stewart Manor
Syosset
Upper Brookville
Valley Stream
West Hempstead
Wantagh
Westbury
Williston Park
Woodbury
$698,000 $3,705,000 $939,000 $775,000 $1,651,500 $740,750 $1,165,000 $3,635,000
Nassau County
$350,000 $318,000 $759,750 $390,000 $1,080,000 $632,000 $1,350,000 $2,765,000
Suffolk County
2,610 +4%
Number of Sales
61 +6%
Average Days on Market
Q1 2025 Summary • January 1 – March 31, 2025 Q1 2025 vs Q1 2024 Q1 2025 vs Q1 2024
$650K +11%
Median Sales Price
$806K +14%
Average Sales Price
2,203 -12%
Listing Inventory
Stony Brook, NY
Residential Suffolk County
Asharoken Babylon
$667,000 $624,000$470,000 $574,000 $902,500 $1,328,000 $800,000 $975,000 $750,000 $655,000 $755,000 $714,500 $1,200,000 $845,000 $1,925,000 $602,500 $652,000 $682,500 $2,050,000
Suffolk County
152 -6%
Number of Sales
85 +6%
Average Days on Market
Q1 2025 Summary • January 1 – March 31, 2025 Q1 2025 vs Q1 2024 Q1 2025 vs Q1 2024
$767K +10%
Median Sales Price
$957K +9%
Average Sales Price
338 +49%
Listing Inventory
$883,000 $680,000 $335,000 $1,177,500 $905,000 $550,000 $875,000 $1,575,000 $2,100,000 $855,000
$1,080,000
226 +10%
Number of Sales
131 +38%
Average Days on Market
Q1 2025 Summary • January 1 – March 31, 2025 Q1 2025 vs Q1 2024 Q1 2025 vs Q1 2024
$1.2M +40%
Median Sales Price
$1.8M +34%
Average Sales Price
698 +24%
Listing Inventory
Montauk, NY
Residential Hamptons
Q1 2025 Summary • January 1 – March 31, 2025
Amagansett
Bridgehampton
Center Moriches
East Hampton
East Moriches
East Quogue
Eastport
Hampton Bays
Manorville
Montauk
Moriches
North Haven
Noyack
Quogue
Remsenburg
Sag Harbor
Sagaponack
Shinnecock
Southampton
Speonk
Springs
Wainscott
Water Mill
$1,164,000 $5,375,000 $690,000 $1,862,500 $705,000 $1,137,000 $902,500 $850,000 $570,000
$600,000
$2,200,000 $1,675,000 $1,975,000 $5,575,000
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