Prospect Lefferts Gardens

The median sale price in Prospect Lefferts Gardens is $1.2M. Condo sales make up the bulk of activity, with a median of $913K. 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 Lefferts Gardens is currently 34.8% below the 5-year high recorded in June 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Prospect Lefferts Gardens have a median of 32 days on market. That is 36 days faster than the same point a year ago. Only 4.5% of active listings have a price cut on record, signaling tight pricing.

Prospect Lefferts Gardens is currently tilting toward sellers. Median days on market is 32 days and only 4.5% of active listings have a price cut on record, both indicating firm pricing power.

Prospect Lefferts Gardens is primarily a condo market, with the median sale price at $913K. Co-op inventory is limited.

Roughly 10 homes change hands each month in Prospect Lefferts Gardens 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 Lefferts Gardens is $3,150/month. Rents are up 6.1% year over year.

Median asking rent in Prospect Lefferts Gardens is currently $100 below the 5-year high set in June 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 Lefferts Gardens has risen 57.9% 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 Lefferts Gardens, median sale prices range across Crown Heights at $1.3M, Flatbush at $895K, Prospect Park South at $680K, East Flatbush at $668K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Prospect Lefferts Gardens is served by the Bus service. The commute to Midtown Manhattan runs roughly 102 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 Lefferts Gardens, 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 across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].