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 February 2023

Since last year, 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.

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

-$4,945(-0.9%)

Key Takeaway

Homes in Bronx have sold for 0.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $192.3K$190K
-1.2%
2 $330K$310.4K
-5.9%
3 $595.8K$592.5K
-0.6%
4 $699.9K$680K
-2.8%
5+ $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
+33.2%
Yonkers
+3.4%
Bronx
-0.9%
Mount Vernon
-6.3%

Housing Supply in Bronx, NY

How many homes are available in Bronx, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,7101,788+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

# BEDSJan 2024Feb 2024CHANGE
1 390406
+4.1%
2 339373
+10.0%
3 310308
-0.6%
4 167178
+6.6%
5+ 504523
+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 2024Feb 2024CHANGE
153149-2.6%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

43 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bronx, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
94 Days95 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

Newest Listings in Bronx, NY

Nearby Markets to Bronx, NY

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