Brooklyn · New York, NY
22 active listings · Median $545K
Calculating market narrative...
A mixed-stock submarket with strong rent growth, sale values below the 5-year high, and sale listings sitting longer than a year ago.
Median asking rent in Prospect Park South is $3,200/month, $150 below the 5-year high set in Jul 2025. Rents are up +6.8% year over year and +45.8% over the past 5 years. Median sale price stands at $545K, 84.0% below the 5-year high recorded in Sep 2023. Sale listings are clearing 11 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Sep 2026.
Prospect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect P...
In my 25+ years selling real estate across New York City, I use this Prospect Park South data in real negotiations, not just for a web page.
Stations: Bus service available
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
Of the roughly 6,300 residential lots in the zip that covers Prospect Park South (11218), about 700 predate 1900 and about 3,500 went up between 1900 and 1929, per the city's PLUTO tax-lot data. The draw is the 1979 historic district's architect-designed houses, the B and Q at Parkside Av and Prospect Park's southern edge. Sellers of a detached house should pull the certificate of occupancy and check for open DOB items before listing.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Prospect Park South has 22 active listings for sale on the RLS/REBNY feed.
| Inventory & Activity | |
| Active Listings | 22 |
| Pending Sales | 4 |
| New This Week | 2 |
| New This Month | 6 |
| Avg DOM | 92 days |
| Price Cut Rate | 7.1% |
| Recent Sales | |
| Sold Last 30 Days | 4 |
| Sold Last 90 Days | 11 |
| Sale-to-List | 95.0% |
| Asking Prices | |
| Median Asking | $545,000 |
| Average Asking | $1,519,682 |
| Median $/SqFt | $1,009 |
| Median Condo Ask | -- |
| Median Co-op Ask | -- |
Based on active listings in Prospect Park South
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 1 | too few | $430K - $430K |
| 1 Bedroom | 8 | $582,500 | $499K - $759K |
| 2 Bedrooms | 6 | $899,500 | $699K - $995K |
| 3+ Bedrooms | 7 | $1,320,000 | $670K - $11.75M |
View active listings by size:
Properties in Prospect Park South
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
NYC transactions
Active in Brooklyn
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Prospect Park South buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
Milton did a great job at helping me find my coop apartment that was the perfect fit for me. He explored the possibilities with the tours, gave me the information needed to know if I qualified for a mortgage and gave his experience with negotiating a price that I was comfortable with. He is personable, experienced and professional. I felt like I was being led in the right direction and I was. I would recommend his real estate services whole heartedly. Great experience with Milton!
Milton did an indispensable job assisting us with renting our condominium unit. As a first-time renter in NYC, I couldn’t have done it without Milton’s expertise and help. He was professional and communicative, and he really supported us through every step of the way, from the first tour to lease-signing to move-in. I mean this especially for the condo application process, which I had no experience with and which Milton took the time to guide us with, like compiling and informing us of exactly what materials we needed, what the timeline was gonna look like, walking us through the application site, letting us know about anything we missed filling out, etc. Super recommend Milton as your broker.
Quarterly report
Brooklyn Market Report, 3Q 2026
$1,160,500 median sale price. Download the full report
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
Sale listings that came on the market in the last 7 days.
Homes in Prospect Park South take a median 92 days to go into contract. Source: StreetEasy market data.
39 Argyle Road #4D
Prospect Park South
A 946 sq ft condo in Prospect Park South.
25 Parade Place #1-F
Prospect Park South
A co-op in a 1935-built building in Prospect Park South.
Get Prospect Park South's new listings every Thursday
Get new Prospect Park South listings by email
A short weekly note when sale listings reach the Prospect Park South market. No spam, unsubscribe anytime.
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Prospect Park South has 22 active listings for sale on the RLS/REBNY feed right now. Of those that list a bedroom count: 1 studio, 8 one-bedrooms, 6 two-bedrooms and 7 with three or more bedrooms.
Across the 6 two-bedroom apartments listed for sale in Prospect Park South, the median asking price is $899,500, with asking prices from $699,000 to $995,000. These are RLS/REBNY asking prices, not closing prices.
The median sale price in Prospect Park South is $545K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Prospect Park South is currently 84.0% below the 5-year high recorded in September 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Prospect Park South have a median of 92 days on market (the time from listing to a signed contract, per StreetEasy). That is 11 days slower than the same point a year ago. Only 7.1% of active listings have a price cut on record, signaling tight pricing.
Prospect Park South is broadly balanced right now, with median days on market at 92 days and 7.1% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Roughly 1 homes change hands each month in Prospect Park South across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Prospect Park South is $3,200/month. Live RLS listings show 1-bedrooms at $3,800 per month. Rents are up 6.8% year over year.
Median asking rent in Prospect Park South is currently $150 below the 5-year high set in July 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Prospect Park South has risen 45.8% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Prospect Park South, median sale prices range across Prospect Lefferts Gardens at $1.9M, Flatbush at $1.1M, Windsor Terrace at $900K, Ditmas Park at $571K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Prospect Park South is served by the Bus service. The commute to Midtown Manhattan runs roughly 106 minutes from Nearest bus stop.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Prospect Park South, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience and 1,100+ NYC property transactions across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals, and he works in English and Spanish. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
Find your next home with expert guidance on pricing, board packages, and negotiations.
Learn moreGet top dollar with professional marketing, pricing strategy, and local market expertise.
Learn moreWhether renting or leasing out, get the best terms with full-service representation.
Learn moreOne tap makes me your agent on Zillow: the homes you save and the tours you request in Prospect Park South come to me.
Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and 1,100+ transactions across NYC. Whether you are buying, selling, or leasing in Prospect Park South, I will guide you every step of the way.
Hablo Español
