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 Last Month

Since last month, Bronx has remained a Buyer's Market.

Key Takeaway

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

How much do homes in Bronx, NY cost?

Median Sold Price

$613,000

$338/sqft

Based on all homes sold in August 2022.

Difference Since Last Month

+$40,500(+7.1%)

Key Takeaway

Homes in Bronx have sold for 7.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJul 2022Aug 2022%
1 $217.5K$175K
-19.5%
2 $350K$340K
-2.9%
3 $615K$615K
0.0%
4 $689.5K$720K
+4.4%
5+ $877.2K$855K
-2.5%

How many homes are available in Bronx, NY?

Number of Homes For Sale

Jul 2022Aug 2022%
2,5462,656+4.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 501523
+4.4%
2 520520
0.0%
3 555585
+5.4%
4 261272
+4.2%
5+ 709756
+6.6%

Number of Homes Sold

Jul 2022Aug 2022%
2322320.0%

Asking Price vs. Sold Price

116 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

56 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. 50% of homes here sold below asking price last month.

Average Sale Time

Jul 2022Aug 2022%
66 Days64 Days-2.1%

Breakdown of Home Sale Times

64 Homes Were Sold
Under 30 Days

98 Homes Were Sold
In 30 - 90 Days

41 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bronx has remained consistent over time.

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

About Bronx, NY

Bronx, NY has 2,656 homes on the market. In August 2022 in Bronx, NY there were 4.3% more homes for sale than in July 2022. Listings spent 64 days on the market in August 2022, and had a median list price of $613,000 during the same period. From August 2021 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 19.5% more cheaper, 2 bedrooms properties became 2.9% more cheaper, the cost of 3 bedrooms properties have not changed, 4 bedrooms properties became 4.4% more expensive, the cost of 5 bedrooms properties went down by 2.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 4.4%, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 5.4%, 4 bedrooms homes inventory increased by 4.2%, number of 5 bedrooms homes increased by 6.6%. In August 2022, from all listings sold in Bronx, NY there were more than 56 sold above asking price, over 116 sold below and more than 60 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from OneKey MLS, Real Estate Board of New York, Brooklyn MLS, and New York State Alliance of MLS for the period 07/01/2022 - 09/01/2022

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2022, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 9/26/2022, 7:20:39 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX ©2022 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Rocket Homes Real Estate, LLC. Website powered by IHR Technology Services.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

IDX information is provided exclusively for consumers' personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 9/26/2022, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2022 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 9/26/2022, 7:25:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDXThe data relating to real estate for sale on this web site comes in part from CNYIS, Inc., UNYREIS and WNYREIS. Real estate listings held by firms other than by this broker, are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

© 2022 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 9/26/2022, 7:20:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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