Is Bronx, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bronx has remained a Buyer's Market.
Housing Prices in Bronx, NY
How much do homes in Bronx, NY cost?
Median Sold Price
$570,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bronx was $570,000 in February 2024, down 0.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.3K | $190K | -1.2% |
2 Bedrooms | $330K | $310.4K | -5.9% |
3 Bedrooms | $595.8K | $592.5K | -0.6% |
4 Bedrooms | $699.9K | $680K | -2.8% |
5+ Bedrooms | $850K | $857K | +0.8% |
Summary: Bronx housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $900K | $1.1M | +33.2% |
Yonkers | $459.2K | $475K | +3.4% |
Bronx | $574.9K | $570K | -0.9% |
Mount Vernon | $520K | $487K | -6.3% |
Housing Supply in Bronx, NY
How many homes are available in Bronx, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,710 | 1,788 | +4.6% |
Summary: The Bronx real estate market had 1,788 homes for sale in February 2024, a 4.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 390 | 406 | +4.1% |
2 Bedrooms | 339 | 373 | +10.0% |
3 Bedrooms | 310 | 308 | -0.6% |
4 Bedrooms | 167 | 178 | +6.6% |
5+ Bedrooms | 504 | 523 | +3.8% |
Summary: The Bronx housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
153 | 149 | -2.6% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 149 homes were sold or pending in Bronx in February 2024, down by 2.6% month-over-month. Of the 149 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
94 Days | 95 Days | +1.3% |
Summary: Homes in Bronx had an average of 95 days on market in Feb 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During February 2024, 149 homes were sold in Bronx; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.