Median July Home Resale Price in Greenpoint and Williamsburg Up 4.6% Over Last Year

WILLIAMSBURG and GREENPOINT, BROOKLYN — This July, the median resale price for homes in Williamsburg and Greenpoint was $894,374, a 4.6 percent increase over the same value in July 2015.

The finding comes from a new study by real estate company StreetEasy.

The study also found that the median Williamsburg and Greenpoint home seller — grouped together as North Brooklyn by StreetEasy — received 100 percent of what they asked for their property.

Additionally, the median asking rent for North Brooklyn properties of any size stood at $3,100 in July, down 3.1 percent from July of last year. (A note: that number was based only on properties listed on StreetEasy.)

More specifically, the median July asking rent in Williamsburg was $3,199, down 3.8 percent compared to July 2015, while median asking rent in Greenpoint was $2,895, up 0.7 percent (further detail is available in the study itself).

According to the study, Brooklyn's overall median resale price was $563,416 in July, an increase of 4.7 percent over July 2015, and the smallest year-over-year percentage increase since the difference measured between October 2012 and October 2011.

StreetEasy projected that by next July, median resale prices for the borough would be up another 3.9 percent, to $585,398.

Image via American Advisers Group