Crown, Prospect Heights Among Best Neighborhoods For Home Sellers

PROSPECT HEIGHTS, BROOKLYN — The best place to sell a home in New York City right now is in Brooklyn, especially in Prospect and Crown Heights, according to a new study.

Both neighborhoods landed on a new StreetEasy list of "The Best Neighborhoods to Sell an Apartment in NYC Right Now," which analyzed which areas gave home sellers the upper hand so far this year.

All but one of the neighborhoods that made the top 10 were found in Brooklyn, according to the study.

"There’s no doubt about it — Brooklyn is hot right now," researchers wrote. "It has become the default borough for many home shoppers during the pandemic."

The StreetEasy study ranked neighborhoods based on how many days homes spent on the market, how their list price compared to their sale price, how many price cuts were offered and how many inquiries home sellers got compared to last year, according to the study. It included data between the beginning of 2021 and the end of September.

Prospect Heights, with a median closing price of $1.03 million, landed third on the list while Crown Heights came in 10th with a median $995,000 price tag, according to the study.

The neighborhoods had a sale-to-list ratio, or the measure of how close home sellers got to their asking price, of 100 and 98 percent, respectively, according to the study.

Citywide, the sale-to-list ratio stood at 96 percent, a jump from where it was last year, StreetEasy found. Researchers found that the selling market is heating up across the city.

"Between July and September, Manhattan, Brooklyn, and Queens all saw a record high number of sale contracts signed for the third quarter," they wrote. "...Overall, homes are selling more than a week faster than they were in 2019 (pre-pandemic), and for closer to their asking prices."

Here's the neighborhoods that made the top 10:

• Cobble Hill
  • Sale to list price ratio: 99%
  • Median closing price: $1.77 million
• Park Slope
  • Sale to list price ratio: 100%
  • Median closing price: $1.49 million
• Prospect Heights
  • Sale to list price ratio: 100%
  • Median closing price: $1.03 million
• Downtown Brooklyn
  • Sale to list price ratio: 99%
  • Median closing price: $995,000
• Clinton Hill
  • Sale to list price ratio: 100%
  • Median closing price: $900,000
• Prospect Lefferts Gardens
  • Median closing price: $909,500
  • Sale to list price ratio: 99%
• Carroll Gardens
  • Sale to list price ratio: 99%
  • Median closing price: $1.95 million
• The Rockaways
  • Sale to list price ratio: 100%
  • Median closing price: $695,000
• Bed-Stuy
  • Sale to list price ratio: 99%
  • Median closing price: $1.13 million
• Crown Heights
  • Sale to list price ratio: 98%
  • Median closing price: $995,000