Shaya Seidenfeld Explains How Property Prices Are Changing in Brooklyn

Brooklyn has always been one of New York City’s most talked-about boroughs. But over the past year, the real estate market here has seen some major shifts. Whether you're buying, selling, or just curious, understanding how prices are changing can help you make smart decisions.

Shaya Seidenfeld, a trusted name in Brooklyn real estate, breaks down the current trends and explains what they mean for you.

What's Happening to Property Prices in Brooklyn?

Steady Increase in Median Prices

According to recent reports, the median home price in Brooklyn is now hovering around $880,000–$990,000, depending on the type of property. Prices for condos have gone up by over 3% compared to last year, while single-family homes and co-ops have also seen noticeable increases.

Shaya Seidenfeld notes that while the market isn’t as hot as it was during the peak pandemic rush, it’s still competitive — especially for move-in-ready homes.

What’s Causing These Changes?

1. Higher Demand for Updated Homes

Buyers today want homes that are ready to live in. Renovations are expensive, and many buyers would rather pay more upfront than deal with repairs later.

2. Neighborhood Popularity

Areas like Bushwick, Park Slope, and Boerum Hill continue to attract buyers. These neighborhoods offer a mix of old charm and new development, which keeps prices strong.

3. Remote Work Still Matters

While some people are heading back to offices, many are still working from home. That means space matters. Homes with extra rooms or outdoor space are in high demand.

Expert Insight from Shaya Seidenfeld

As someone who works closely with both buyers and sellers, Shaya Seidenfeld has a clear view of the market. He explains:

“Brooklyn is always changing. But what stays the same is the need to understand your timing, your budget, and the area you’re interested in. A home in Bed-Stuy might behave very differently from one in Williamsburg or Greenpoint.”

He also adds that sellers should focus on presentation. Simple upgrades — like fresh paint or modern fixtures — can go a long way.

Key Tips for Buyers and Sellers

For Buyers

  • Look for turnkey properties — they sell fast, but they’re often worth the price.

  • Partner with a local expert who understands the market well.

  • Be prepared to move quickly when you find the right home.

For Sellers

  • Stage your home. Clean, bright, and neutral always wins.

  • Price your home based on recent sales in your neighborhood.

  • Don’t wait too long — timing can impact your final selling price.

A Quick Look at the Numbers

  • Median Listing Price: $880,000

  • Year-over-Year Increase: ~3–4%

  • Time on Market: About 110–120 days

  • Top Buyer Priorities: Move-in ready, good layout, and location

Final Thoughts

Brooklyn’s property market isn’t cooling down — it’s adjusting. With smart planning, there’s opportunity on both sides.

Shaya Seidenfeld makes it clear: understanding local trends and buyer behavior is key to getting the most out of your investment. Whether you're thinking of buying your first condo or selling a family home, knowledge is your best tool.

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