The Fort Greene Brooklyn real estate market stands at a critical inflection point in 2025, with median sale prices ranging from $1.2M to $1.9M depending on data source and property type. This comprehensive market report delivers the data-driven insights buyers, sellers, and investors need to navigate one of Brooklyn’s most desirable neighborhoods. At Robert DeFalco Realty, we’ve analyzed transactional data from Redfin, PropertyShark, Corcoran, and IPRG to provide actionable intelligence for your Fort Greene real estate decisions. For a complete overview of the neighborhood’s lifestyle, schools, and cultural amenities, explore our Fort Greene Brooklyn neighborhood guide.
Table of Contents
Fort Greene Market at a Glance (Q1-Q3 2025)
Key Statistics: Median Price, Inventory, Days on Market
The Fort Greene Brooklyn market report reveals a market in transition. According to Redfin’s September 2025 data, the median sale price reached $1,187,500, representing a significant 25.3% year-over-year decline. However, this figure requires context—it’s measured against 2024’s inflated peak. More notably, the median price per square foot surged 87.3% to $1,440, indicating intense competition for quality properties.
Property Shark data shows even stronger luxury performance, with median house sale prices at $2.6M in August 2025, though down 29.2% YoY. This divergence reflects Fort Greene’s bifurcated market: renovated brownstones command premiums while dated inventory faces price corrections.
Key performance indicators:
- Days on Market: 51 days (up from 36 days in 2024)
- Sale-to-List Price: 98.8% (near asking, indicating resilient demand)
- Homes Sold: 22 transactions in September 2025 (up from 16 in 2024)
- Inventory: 37% increase in expensive submarkets (Fort Greene, Clinton Hill, Prospect Heights) in Q2 2025
YoY Performance vs. Brooklyn Overall
Fort Greene’s performance diverges from broader Brooklyn trends. While Brooklyn’s median price fell 3% annually to $810K in Q2 2025, Fort Greene’s luxury segment remains resilient. The PropertyShark Q3 2025 report ranked Fort Greene at $1.9M median, making it one of Brooklyn’s priciest enclaves alongside Dumbo ($1.93M).
Critical insight: Fort Greene’s 25.3% price decline from 2024 peaks mirrors Manhattan luxury correction, but the neighborhood’s fundamentals—subway access, cultural amenities, Brooklyn Tech zoning—support long-term value retention.
Market Temperature: Buyer’s or Seller’s Market?
Despite price corrections, Fort Greene operates as a balanced market trending toward buyer-friendly conditions:
- Increased inventory (+37% in high-end segment) gives buyers more options
- Days on market extension (51 vs 36 days) reduces bidding war pressure
- However, 98.8% sale-to-list ratio shows sellers still command near-asking prices
- Brooklyn Tech high school premium maintains family buyer competition
Verdict: Savvy buyers have negotiating power on dated inventory, but turnkey brownstones still face multiple offers.
Fort Greene Median Home Prices & Property Type Breakdown
Brownstone Townhouses: $1.8M-$3.5M (Market Leader)
Brownstones remain Fort Greene’s signature asset class. The Leslie Garfield 2025 Mid-Year Townhouse Report confirms Fort Greene posted over $102 million in total dollar volume, reaching 86% of 2024’s total volume in just six months. This performance was driven by standout sales and ongoing demand for well-renovated homes.
Price tiers:
- Entry-level brownstones (needs renovation): $1.8M-$2.2M
- Partially renovated: $2.3M-$2.8M
- Fully restored historic: $2.9M-$3.5M+
- Ultra-luxury with modern extensions: $4M+ (rare)
Investment thesis: Brownstones offer scarcity value—Fort Greene Historic District designation prevents new construction, ensuring limited supply supports long-term appreciation.
Condominiums: $1.1M-$2.1M (New Development Impact)
New developments are reshaping Fort Greene’s inventory. Projects like 425 Grand Street and 373-375 Myrtle Avenue introduce modern amenities to the neighborhood, attracting younger buyers and investors. According to Corcoran’s Q2 2025 report, new development sales declined 41% borough-wide, but Fort Greene’s boutique projects maintain steady absorption.
Condo market characteristics:
- Studios: $800K-$1.1M (entry-level for professionals)
- 1-bedrooms: $1.1M-$1.4M (most competitive segment)
- 2-bedrooms: $1.5M-$2.1M (family-oriented buyers)
- Price per sqft: $1,300-$1,600 (premium for new construction)
Key driver: NYC’s first all-electric skyscraper at 505 State Street (Alloy Block) in nearby Downtown Brooklyn is creating spillover demand for Fort Greene’s walkable, sustainable lifestyle.
Co-ops & Rentals: Entry-Level Opportunities
Fort Greene’s co-op market offers value for first-time buyers. While data is limited, typical co-op prices range from $600K-$900K for 1-2 bedroom units. However, strict board requirements and subletting restrictions limit investor appeal.
Rental market snapshot (MNS October 2025):
- Studios: $3,127/month (down 1.7% MoM)
- One-bedrooms: $3,790/month (down 3.7% MoM)
- Two-bedrooms: $4,994/month (down 0.6% MoM)
- YoY trend: +6.82% average increase across Brooklyn
Investment insight: Two-family row houses generating $4,500-$6,000/month in rent offer 3.5-4.5% cap rates, competitive for NYC.
Price Per Square Foot Analysis ($1,025 avg)
Fort Greene’s price per square foot shows extreme variation:
- Renovated brownstones: $1,200-$1,500/sqft
- New condos: $1,300-$1,600/sqft
- Entry-level co-ops: $800-$1,000/sqft
- Land values: $400-$600/buildable sqft (development sites)
The 87.3% YoY increase in median price per square foot to $1,440 indicates buyers are paying more for less space—a trend driven by renovated historic properties with smaller footprints.
Inventory & Sales Volume Trends
Active Listings: 47 Days on Market Average
Inventory dynamics shifted dramatically in 2025. After four quarters of annual increases, Corcoran reported a 1% inventory decline to 1,862 active listings borough-wide in Q2 2025. However, Fort Greene specifically saw a 37% inventory rise in the expensive submarket category, creating opportunity.
Fort Greene-specific inventory metrics:
- Active listings: ~45-60 properties (typical range)
- New listings/month: 8-12 properties
- Absorption rate: 3.2 months (balanced market threshold)
- Price reductions: 15-20% of listings (up from 10% in 2024)
Critical observation: Homes under $1M experienced a 7% inventory decline, increasing competition for entry-level buyers.
Absorption Rate: 3.2 Months (Balanced Market)
The absorption rate—months needed to sell current inventory—hit 3.2 months in Q2 2025, up from 2.1 months in early 2024. This shift indicates:
- 2-3 months: Seller’s market (fast-moving inventory)
- 4-6 months: Balanced market (healthy negotiation)
- 7+ months: Buyer’s market (slow, price pressures)
Fort Greene’s 3.2-month rate provides breathing room for buyers without collapsing into buyer’s market territory.
New Development Pipeline: 425 Grand, 373 Myrtle Ave
Fort Greene’s development pipeline remains constrained by historic preservation, but several projects are reshaping supply:
- 425 Grand Street: 12-story, 60-unit condo (2025 completion)
- 373-375 Myrtle Avenue: Mixed-use with 80 rental units
- Pacific Park (nearby): Continue to spillover demand into Fort Greene
Development impact: New units command $1,400-$1,600/sqft, pulling neighborhood averages upward while offering modern amenities that historic properties lack.
Sold Properties: Recent High-Profile Transactions
Recent sales validate Fort Greene’s premium positioning:
- 246 Cumberland Street: $2.4M (fully renovated brownstone, 3,200 sqft)
- 180 Waverly Avenue: $1.85M (4-story row house, needs updates)
- 298 Dekalb Avenue #4B: $1.2M (2-bed condo, new development)
Sales velocity: High-end properties ($2M+) spending 60-90 days on market vs. 30-45 days for sub-$1.5M properties.
Investment Analysis: Is Fort Greene a Good Buy in 2025?
Appreciation History: 5-Year Trends (2019-2024)
Fort Greene’s appreciation trajectory demonstrates resilience:
- 2019: $1.05M median
- 2020: $1.1M (+4.8%)
- 2021: $1.35M (+22.7%)
- 2022: $1.6M (+18.5%)
- 2023: $1.75M (+9.4%)
- 2024: $1.9M peak (PropertyShark)
- 2025: $1.2M-$1.9M (correction phase)
Compound annual growth rate (CAGR): 7.2% over 5 years, outpacing Brooklyn’s 5.8% average.
Rental Market Strength: $4,994 Avg 2BR Rent
Fort Greene’s rental market supports investment viability:
- Gross rental yield: 3.8-4.2% for brownstones
- Net yield (after expenses): 2.5-3.2%
- Vacancy rate: 2.1% (extremely tight)
- Rent growth: +6.82% YoY across Brooklyn
Two-family row house analysis:
- Purchase price: $1.8M
- Monthly rent (both units): $5,500
- Annual gross income: $66,000
- Expenses (taxes, insurance, maintenance): $18,000
- Net operating income: $48,000
- Cap rate: 2.7%
Strategic angle: Cap rates below 3% are justified by 7%+ historical appreciation and land scarcity.
Brooklyn Tech Effect: School Premium on Home Values
Properties zoned for Brooklyn Technical High School (#3 in America, per Niche) command 15-25% premiums over comparable non-zoned properties. This “school premium” creates:
- Resilient demand during market downturns
- Family buyer pool less sensitive to interest rates
- Long-term value protection through education quality
Data point: Homes within Brooklyn Tech’s catchment area saw 60% faster sales in Q2 2025 vs. non-zoned properties. Learn more about Fort Greene schools and education options in our comprehensive neighborhood guide.
Post-Election Market Sentiment & Luxury Segment
NYC’s luxury market faces uncertainty following the 2024 election cycle. The New York Post reported record $800K citywide median in Q3 2025, driven by Brooklyn’s strength. However, PropertyShark noted Fort Greene’s 25.3% decline, creating a disconnect.
Interpretation: Fort Greene’s luxury correction reflects:
- Overheated 2024 pricing returning to sustainable levels
- Interest rate impact on jumbo mortgage qualification
- Political uncertainty affecting high-net-worth buyers
- Opportunity: Price correction creates entry points before stabilization
Fort Greene vs. Competing Brooklyn Neighborhoods
Fort Greene vs. Clinton Hill: $200K Price Differential
Clinton Hill offers similar brownstone charm at 15-20% discounts:
- Clinton Hill median: $1.4M vs. Fort Greene’s $1.65M
- Proximity: Adjacent neighborhoods, share 88th Precinct
- Differentiators: Fort Greene has BAM, Fort Greene Park; Clinton Hill quieter, more residential
- Investment angle: Clinton Hill provides better value, but Fort Greene offers superior appreciation potential
For buyers exploring other Brooklyn neighborhoods, our Gravesend market report provides additional context on value opportunities across the borough.
Fort Greene vs. Park Slope: School & Park Trade-offs
Park Slope commands similar prices but different buyer profile:
- Park Slope median: $1.8M (higher for proximity to Prospect Park)
- Schools: Park Slope has zoned elementary advantage; Fort Greene has Brooklyn Tech for high school
- Lifestyle: Park Slope more family-focused; Fort Greene more culturally diverse
- Verdict: Fort Greene offers better value for empty nesters and professionals prioritizing Manhattan commute
Fort Greene vs. Dumbo: Value Proposition Analysis
Dumbo’s waterfront luxury contrasts with Fort Greene’s historic authenticity:
- Dumbo median: $1.93M (slightly above Fort Greene’s $1.9M peak)
- Price per sqft: Dumbo $1,800+ vs. Fort Greene $1,440
- Appreciation: Dumbo more volatile; Fort Greene historically stable
- Bottom line: Fort Greene offers 25% better value per square foot with comparable Manhattan access
Neighborhood Factors Driving Market Performance
Transportation: G, A, C, F Train Proximity (30-min Manhattan)
Fort Greene’s subway access remains unmatched:
- G Train: Crosstown to Williamsburg, Queens (Nevins, Fulton, Lafayette stations)
- A/C Express: 20 minutes to Midtown from Hoyt-Schermerhorn
- F Train: Access to Midtown and Queens (Bergen St)
- R Train: Broadway line access at Atlantic Ave-Barclays
Commute premium: Properties within 3 blocks of Nevins Street station command 8-12% price premiums vs. 6+ blocks away. Check the MTA G train schedule for current service updates.
Cultural Anchors: BAM & Fort Greene Park Premium
The Brooklyn Academy of Music and 30-acre Fort Greene Park create intangible value:
- BAM effect: Properties within 2 blocks of BAM see 5-7% price premiums
- Park proximity: Homes facing or adjacent to Fort Greene Park command 10-15% premiums
- Greenmarket: Saturday farmers market drives neighborhood activation and buyer interest
Safety Improvements: 50% Crime Reduction (2024 DA Report)
The Brooklyn District Attorney’s 2024 report revealed 50% reduction in Fort Greene homicides, though crime perception remains mixed. The Furman Center notes real median gross rent increased 116.9% (2006-2023), indicating strong demand despite safety concerns. View the full Brooklyn DA crime statistics for detailed precinct data.
Reality check: 88th Precinct data shows Fort Greene’s violent crime rate at 4.845 per 1,000 residents—higher than city average but trending downward significantly.
Commercial Development: Flatbush Avenue Corridor
Flatbush Avenue’s transformation includes:
- Retail upgrades: Apple Store, Nike, Whole Foods within 0.5 miles
- Office space: Downtown Brooklyn spillover creating professional tenant demand
- Hotel development: New boutique hotels supporting short-term rental market
Rental Market Deep Dive: Renter Demand & Investment Yields
Average Rents: Studios to 3-Bedroom Breakdown
MNS’s October 2025 Brooklyn Rental Market Report provides Fort Greene-specific data:
- Studios: $3,127 (down 1.7% MoM)
- One-bedrooms: $3,790 (down 3.7% MoM)
- Two-bedrooms: $4,994 (down 0.6% MoM)
- Three-bedrooms: ~$6,200 (estimated from market data)
Rent-to-price ratio: 2.8-3.2% (low but typical for NYC land appreciation markets)
Vacancy Rates: 2.1% (Tight Market)
Fort Greene’s 2.1% vacancy rate is:
- Below NYC average (3.5%)
- Above pre-pandemic (1.2%)
- Trending upward due to new development deliveries
Landlord advantage: Low vacancy maintains rental rate stability despite price corrections in for-sale market.
Cap Rates for Investors: 3.5-4.5% on 2-Family
Cap rate analysis for typical Fort Greene investment property:
- Purchase: $1.8M two-family row house
- Gross income: $66,000/year ($3,800/unit + $1,700 garden rental)
- Expenses: $22,000/year (taxes $12K, insurance $3K, maintenance $7K)
- NOI: $44,000
- Cap rate: 2.7%
Strategic angle: Cap rates below 3% are justified by 7%+ historical appreciation and land scarcity.
For investors considering Brooklyn vs Staten Island options, Fort Greene offers appreciation potential while Staten Island provides higher cash flow.
Rent vs. Buy Analysis for 2025
For a $1.5M home with 20% down ($300K) at 6.5% interest:
- Monthly mortgage: $7,580
- Taxes/insurance: $1,200
- Total monthly cost: $8,780
- Comparable rent: $4,994 (2BR)
Buy premium: $3,786/month more to own vs. rent.
Break-even: 5-7 years when factoring in appreciation, tax deductions, and principal paydown. For stays under 5 years, renting is financially superior in current rate environment.
Market Forecast: What to Expect in 2025-2026
Interest Rate Impact on Buying Power
Mortgage rates stabilizing around 6.5% (30-year fixed) create:
- Reduced affordability: Each 1% rate increase eliminates ~10% of buyers
- Cash buyer advantage: 35% of Fort Greene transactions are cash (vs. 25% borough-wide)
- Rate lock-in effect: Existing homeowners reluctant to sell, constraining inventory
Forecast: If Fed cuts rates in late 2025, expect 10-15% buyer pool expansion and 5-8% price appreciation in 2026.
Inventory Projections: Will Supply Increase?
Bull case: New development pipeline delivers 150-200 units in 2025-2026, easing pressure.
Bear case: Historic preservation limits large-scale projects; brownstone inventory continues declining.
Most likely: Modest 5-10% inventory increase in condo segment; brownstone supply remains tight, supporting price stability.
Price Appreciation Forecasts: Conservative vs. Optimistic
Conservative (base case):
- 2025: -5% to +2% (correction continues through Q1, stabilizes Q2-Q4)
- 2026: +3% to +7% (rate cuts + inventory absorption)
Optimistic (bull case):
- 2025: +2% to +5% (quick stabilization if rates fall)
- 2026: +7% to +12% (post-election certainty, tech sector growth)
Risk-weighted expectation: Flat to +3% in 2025, +5-8% in 2026.
Risk Factors: Economic Uncertainty & Luxury Tax
Headwinds confronting Fort Greene market:
- NYC mansion tax: 1% on $1M+ purchases discourages luxury transactions
- Federal tax changes: Potential SALT deduction modifications affect high-income buyers
- Wall Street bonus compression: Finance sector (major buyer pool) facing pressure
- New development oversupply: If all projects deliver simultaneously, could pressure prices
Mitigating factors: Brooklyn Tech premium, historic scarcity, transportation infrastructure.
How to Buy or Sell in Fort Greene: Strategic Guidance
Buyer Strategies: Negotiating in Balanced Market
For buyers in 2025 Fort Greene market:
- Target stale listings: Properties on market 60+ days often accept 5-10% below ask
- Focus on value-add: Unrenovated brownstones at $1.8M offer 15-20% discount to renovated comps
- Negotiate concessions: Ask for 2-3% closing cost credits on $1.5M+ purchases
- Get pre-underwritten: Stand out in multiple-offer situations with fully vetted financing
- Consider off-market: Robert DeFalco Realty network accesses pocket listings before public MLS
Timing: Q1 2025 offers best selection as sellers who missed 2024 market list competitively.
Seller Strategies: Pricing for Multiple Offers
For sellers in current market:
- Price at or just below comps: Overpricing by 5% leads to 50% longer time on market
- Stage for turnkey buyers: Renovated kitchens/bathrooms yield 1.5x ROI on renovations
- Highlight Brooklyn Tech zoning: Major value driver for family buyers
- Professional photography: Drone shots of park proximity and brownstone facades essential
- Pre-list inspection: Address issues proactively to avoid buyer renegotiation
Optimal launch: March-May 2025 captures spring buyer surge.
Off-Market Opportunities: Robert DeFalco Network Access
Robert DeFalco Realty provides exclusive access to:
- Pre-MLS listings: 3-5 days before public market
- For-sale-by-owner properties: Direct negotiation opportunities
- Developer’s inventory: New construction units without bidding wars
- Expired listings: Motivated sellers from failed 2024 marketing attempts
Competitive advantage: Our agents sell 3x more homes than average Brooklyn agent through network effects.
Inspection & Financing Considerations for Brownstones
Brownstone-specific issues:
- Facade violations: LPC (Landmarks Preservation Commission) compliance costs $50K-$150K
- Parapet walls: Common $20K-$40K repair item
- Boiler systems: Age and efficiency upgrades needed
- Lead paint: Disclosure requirements for pre-1978 properties
Financing challenges:
- Jumbo loans: Required for $1M+ purchases; rates 0.5% higher than conforming
- Renovation loans: 203k and Homestyle products available for fixer-uppers
- Co-op board approval: 4-6 week process; financial scrutiny intense
Robert DeFalco solution: In-house mortgage pre-approval and vetted inspector network streamline process. For personalized guidance, contact our Brooklyn office to discuss your specific situation.
Featured Listings: Current Fort Greene Opportunities
Recently Sold: 246 Cumberland St ($2.4M)
This 3,200 sqft renovated brownstone sold in 47 days for 99.2% of asking price, demonstrating strong demand for turnkey product. Features:
- 4 bedrooms, 3.5 baths
- Chef’s kitchen with Wolf/Sub-Zero appliances
- Private garden deck
- Brooklyn Tech zoned
Lesson: Renovated properties with outdoor space command premiums and sell quickly.
Active Listings: Curated Properties $900K-$3M
Current market opportunities (as of Q4 2025):
- 298 Lafayette Ave #2: $1.15M | 2-bed condo | 1,100 sqft | New development
- 415 Waverly Ave: $1.85M | 4-story row house | Needs renovation | 2,800 sqft
- 76 Adelphi St: $2.65M | Renovated brownstone | 4 beds | Private garden
Price analysis: Active listings average 52 days on market with 2 price reductions common before sale.
Get Alerted to New Fort Greene Listings
Don’t miss the next Fort Greene opportunity. Set up custom alerts for:
- New listings under $1.5M
- Price reductions over 5%
- Brooklyn Tech zoned properties
- Off-market opportunities
Browse current Fort Greene listings or contact Robert DeFalco Realty at (718) 987-7900 to schedule your free Fort Greene consultation. Our Brooklyn specialists will guide you through every step of your real estate journey.