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.

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