Brooklyn Neighborhood Report

Crown Heights Real Estate Market Report 2026-2027

Prices, sales, and neighborhood trends through Q3 2026, with the outlook into 2027.

$1.62MMedian Sale Price, Q3 2026+26% YoY
$860Median Price Per SF+8% YoY
40Homes Sold, Q3 2026-31% YoY
3 StraightQuarters Of Rising PricesQ1 to Q3 2026
Executive Summary

Crown Heights Prices Surge In 2026

Crown Heights posted one of the strongest price gains in Brooklyn in 2026. The median sale price rose every quarter this year while sales fell, as buyers competed for limestones, brownstones, and multifamily buildings near Eastern Parkway and Prospect Park.

  • Price growth: the median sale price rose 26% year over year to about $1.62 million in Q3 2026.
  • Value per foot: price per square foot climbed 8% to $860.
  • Tight supply: only 40 sales closed in Q3 2026, down 31% from 58 a year earlier.
Large prewar brick apartment building in Brooklyn
KEY INSIGHT

With only 40 sales in Q3 2026, Crown Heights is a seller's market. Owners on President, Carroll, and Montgomery blocks should price from their own block's recent sales.

Market In Graphs

Crown Heights Through 2026

Median Sale Price

By quarter

Q3 2025$1.29M
Q4 2025$1.06M
Q1 2026$1.37M
Q2 2026$1.43M
Q3 2026$1.62M

Homes Sold

Transactions by quarter

Q3 202558
Q4 202542
Q1 202643
Q2 202653
Q3 202640

Gold bars show prior-year quarters for comparison.

Supply And Demand

Why Crown Heights Holds Value

Historic housing stock, Eastern Parkway, Prospect Park, and a deeply rooted community keep demand strong from families and long-term investors.

Crown Heights Guide by Mendy Realty
$742 to $963Price per SF range, 2026 quarters
$1.15MBrooklyn median, Q3 2026
-17.3%Brooklyn house inventory, Q3 2026
+8%Brooklyn signed contracts, Q3 2026
Looking Ahead

What To Watch Into 2027

Full-year 2027 data does not exist yet. These are the conditions shaping the year ahead.

Limited Inventory

Sales fell 31% while prices rose 26%, so supply, not demand, is holding the market back.

Rent Guidelines

Stabilized lease increases were set at 0% for leases through September 30, 2027, which affects multifamily values on blocks with regulated buildings.

Historic Demand

Limestones and brownstones on landmark-quality blocks continue to draw the strongest buyers.

Common Questions

Crown Heights Market FAQ

What is the median home price in Crown Heights in 2026?

The Crown Heights median sale price was about $1.62 million in Q3 2026, up 26% year over year.

What is the price per square foot in Crown Heights?

The median price per square foot was $860 in Q3 2026, up 8% year over year.

How many homes sold in Crown Heights in Q3 2026?

40 homes sold in Q3 2026, down 31% from 58 a year earlier.

Is Crown Heights a good place to sell?

Rising prices and tight supply favor sellers who price correctly. Mendy Realty has worked Crown Heights for decades.

Selling In Crown Heights?

Get a property-specific valuation and a clear plan to reach qualified buyers.

718.751.0738
Last updated November 10, 2026. Compiled from public records and published market data. Information is believed reliable but not guaranteed and should be independently verified.
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