Prospect Park, Southland Park & Central Park

With 7.3 months of inventory, this market currently leans buyer-leaning. A balanced market typically sits between 4 and 6 months. The 2 pending and contingent listings indicate ongoing transaction activity, with a median pending/contingent list price of $4,347,500.

Under $2M

This segment has 7 active listings, 4 new listings, 0 pending sales, and 7 closed sales in the current 6-month snapshot. Months of inventory stands at 6.0, inventory trend is Stable, and the market is balanced. Average DOM is 69.0, median DOM is 11.0, median sale price is $1,450,000, average sale price is $1,418,786, and median sold $/SF is $923. Recent closed sales activity includes 0 sale(s) in roughly the last 45 days.

$2M - $5M

This segment has 7 active listings, 3 new listings, 1 pending sales, and 11 closed sales in the current 6-month snapshot. Months of inventory stands at 3.8, inventory trend is Falling, and the market is seller-leaning. Average DOM is 137.5, median DOM is 91.0, median sale price is $2,800,000, average sale price is $2,964,636, and median sold $/SF is $1,001. Recent closed sales activity includes 1 sale(s) in roughly the last 45 days.

$5M - $9M

This segment has 5 active listings, 1 new listings, 1 pending sales, and 1 closed sales in the current 6-month snapshot. Months of inventory stands at 30.0, inventory trend is Stable, and the market is buyer-leaning. Average DOM is 185.0, median DOM is 185.0, median sale price is $6,000,000, average sale price is $6,000,000, and median sold $/SF is $1,327. Recent closed sales activity includes 0 sale(s) in roughly the last 45 days.

$9M+

This segment has 4 active listings, 2 new listings, 0 pending sales, and 0 closed sales in the current 6-month snapshot. Months of inventory stands at N/A, inventory trend is Rising, and the market is buyer-leaning. Average DOM is N/A, median DOM is N/A, median sale price is N/A, average sale price is N/A, and median sold $/SF is N/A. Recent closed sales activity includes 0 sale(s) in roughly the last 45 days.

The lowest measurable months of inventory is in the $2M-$5M segment at 3.8 months. The $9M+ tier has active inventory but no closed sales in the current dataset, so a months-of-inventory figure cannot be meaningfully calculated.

This section segments the market by lot size to show how land size is influencing both current asking prices and recent closed pricing. Larger lots generally command higher absolute pricing, while smaller and medium lots account for most transaction activity.

Additional Closed Metrics

Recent closed sales show a median DOM of 78.0, with a highest sale price of $6,000,000 and a lowest sale price of $719,000. SP$/SF was recalculated directly from sale price divided by living area for each closed property before taking medians within each category.

Breaking the market by living area highlights where buyer demand is concentrating and how efficiently different home sizes are trading.

Active DOM Tiers

• 0–30 days: 10 active listings.

• 31–90 days: 2 active listings.

• 90+ days: 11 active listings.

Market Positioning

At 7.3 months of supply, the overall market is above the traditional 4 to 6 month balanced range.

Strongest Price Segment

$2M-$5M currently has the lowest measurable months of supply at 3.8 months.

Highest-Supply Price Segment

$9M+ currently has active inventory but no closed sales in the supplied 6-month dataset, making absorption difficult to measure.

Buyer vs. Seller Leverage

Lower-inventory price bands remain more favorable to sellers, while buyers have greater negotiating leverage in higher-supply upper-price segments.

Inventory Conditions

There are 23 active listings, and 11 have been on the market for more than 90 days, indicating that a meaningful share of inventory is taking longer to absorb.

Pricing Trends and Velocity

The median closed sale price is $2,300,000 and the median sale-to-list ratio is 93.4%. Market velocity is strongest in the lower-supply segments, while higher-end inventory generally requires more time and precise pricing.

Buyer and Seller Considerations

Buyers should focus negotiating efforts on listings with extended market time and higher-supply price bands. Sellers should position properties closely to recent comparable sales and account for the slower pace of older inventory.