Is Bronx, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bronx is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Bronx was a Neutral Market.

Key Takeaway

Bronx is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bronx, NY

How much do homes in Bronx, NY cost?

Median Sold Price

$581,099

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$14,756(+2.6%)

Key Takeaway

Homes in Bronx have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Bronx was $581,099 in June 2024, up 2.6% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $190K$190K
0.0%
2 $330K$310K
-6.1%
3 $599.2K$596K
-0.5%
4 $685K$700K
+2.2%
5+ $850K$870K
+2.4%

Summary: Bronx housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Pelham Manor
+42.9%
Yonkers
+14.5%
Bronx
+2.6%
Mount Vernon
-9.6%

Housing Supply in Bronx, NY

How many homes are available in Bronx, NY?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,8231,922+5.4%

Summary: The Bronx real estate market had 1,922 homes for sale in June 2024, a 5.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 390423
+8.5%
2 413421
+1.9%
3 385380
-1.3%
4 175184
+5.1%
5+ 460514
+11.7%

Summary: The Bronx housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 11.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
184166-9.8%

Asking Price vs. Sold Price

82 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bronx, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.

Summary: A total of 166 homes were sold or pending in Bronx in June 2024, down by 9.8% month-over-month. Of the 166 sold homes, 49% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for Bronx, NY

How long does it take to sell a home in Bronx, NY?

Average Sale Time

Jun 2023Jun 2024CHANGE
87 Days87 Days0.4%

Summary: Homes in Bronx had an average of 87 days on market in Jun 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

58 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bronx are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During June 2024, 166 homes were sold in Bronx; 23% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Bronx, NY

Nearby Markets to Bronx, NY

What housing markets are near Bronx, NY?