Department of Numbers

Williamsburg Home Prices

The data below shows median sales prices for Williamsburg Brooklyn homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Williamsburg homes and apartments was $539,1631. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Williamsburg

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 10.06% lower.

The quarterly rolling median price for all homes and apartments in brooklyn reached its most recent peak of $697,500 in August 2007. At $539,163, the current quarterly rolling median price is now 22.70% lower. When the quarterly rolling median price hit its lowest point (to date) of $510,000 in May 2009 it was 26.88% off the most recent peak. It has since climbed 5.72% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in Williamsburg for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $640,000 $80,000 § $538,654 $539,163
November 2010 $675,000 $272,000 § $544,882 $549,855
October 2010 $677,500 $292,000 § $539,336 $540,000
September 2010 $515,000 $270,000 § $540,000 $536,322
August 2010 $515,000 $237,500 § $535,000 $530,000
July 2010 $477,000 $233,750 § $540,000 $535,000
June 2010 $665,000 $313,750 § $540,000 $542,500
May 2010 $690,000 $210,000 § $560,000 $570,220
April 2010 $745,000 $30,000 § $530,254 $539,672
March 2010 $675,000 $30,000 § $532,544 $534,581
February 2010 $620,000 $210,500 § $549,855 $547,428
January 2010 $504,500 $210,500 § $554,973 $544,882
December 2009 $651,000 § $267,500 § $599,500 $599,500

12 Month Rolling Home Price History for Williamsburg

The 12 month rolling median price for all homes and apartments in brooklyn reached its most recent peak of $635,000 in August 2007. At $539,000, the current 12 month rolling median price is now 15.12% lower. This is the lowest value for the 12 month rolling median price since the August 2007 peak.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in Williamsburg for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $637,500 $237,500 § $538,827 $539,000
November 2010 § § § §
October 2010 $635,000 $253,750 § $539,336 $539,000
September 2010 $640,000 $267,500 § $544,763 $544,763
August 2010 $635,000 $252,500 § $540,000 $541,000
July 2010 $640,000 $233,750 § $540,000 $543,632
June 2010 $682,500 $237,500 § $545,000 $550,500
May 2010 $692,500 $240,750 § $554,973 $560,000
April 2010 $700,000 $214,000 § $544,763 $555,000
March 2010 $712,500 $214,000 § $545,000 $554,946
February 2010 $725,000 $240,750 § $546,918 $554,946
January 2010 $705,000 $267,500 § $549,928 $555,000
December 2009 $750,000 $267,500 § $554,946 $560,000

Williamsburg Home Affordability

In 2007, the median household income in Brooklyn was $40,9422. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Brooklyn household, this would have meant that a monthly mortgage payment should not have exceeded $1,023 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 7.91% of the homes and apartments sold in Williamsburg in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report.

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets.

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points.