Four of the six Brooklyn areas analyzed set new single-family or multi-family townhouse sales records.

Townhouses represent one of the most fascinating segments of Brooklyn’s residential real estate market. Corcoran’s Second Half 2021 Brooklyn Townhouse Report surveys sales of single-family and multi-residence townhouses throughout the borough from the second half of the year.


Among the report’s findings:

The Brooklyn townhouse market was incredibly active in Second Half 2021, closing out a historic 2021.

Overall, 2021 saw about 1,500 townhouse sales, the best year in over half-a-decade. More than 700 townhouses traded in the last six months of 2021, a 57% improvement versus a strong Second Half 2020. Four of the six Brooklyn areas analyzed set new single-family or multi-family townhouse sales records.

By the end of 2021, Brooklyn townhouse inventory was 20% lower than a year ago.

Although Brooklyn townhouse inventory has been on the decline for years, extra-strong demand post-Covid has accelerated the slide.

Price statistics in Second Half 2021 grew by double-digits year-over-year to their highest levels in six years.

Average price rose nearly 20% year-over-year to $2.4M and median price hit $2M for the first time. The luxury market was on fire in Second Half 2021, with sales over $4M more than tripling year-over-year to an all-time high.

©2022 Corcoran Group LLC. All rights reserved. Corcoran®, Live Who You Are® and the Corcoran Logo are service marks owned by Corcoran Group LLC. The Corcoran® System is comprised of company owned offices which are owned by NRT New York LLC, a subsidiary of Realogy Brokerage Group LLC, and franchised offices which are independently owned and operated. Corcoran Group LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.