Is Northeast Bronx, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northeast Bronx was a Seller's Market.
Key Takeaway
Northeast Bronx is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeast Bronx, NY
How much do homes in Northeast Bronx, NY cost?
Median Sold Price
$667,348
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northeast Bronx have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Northeast Bronx was $667,348 in March 2024, up 3.3% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $155K | 0.0% |
| 2 Bedrooms | $260K | $305K | +17.3% |
| 3 Bedrooms | $595K | $605K | +1.7% |
| 4 Bedrooms | $682.5K | $694.9K | +1.8% |
| 5+ Bedrooms | $814.5K | $850K | +4.4% |
Summary: Northeast Bronx housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeast Bronx | $646K | $667.3K | +3.3% |
| Baychester | $610K | $600K | -1.6% |
Housing Supply in Northeast Bronx, NY
How many homes are available in Northeast Bronx, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 465 | 501 | +7.7% |
Summary: The Northeast Bronx real estate market had 501 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 60 | +9.1% |
| 2 Bedrooms | 57 | 60 | +5.3% |
| 3 Bedrooms | 101 | 112 | +10.9% |
| 4 Bedrooms | 78 | 85 | +9.0% |
| 5+ Bedrooms | 174 | 184 | +5.7% |
Summary: The Northeast Bronx housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 46 | -2.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Bronx, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Northeast Bronx in March 2024, down by 2.1% month-over-month. Of the 46 sold homes, 57% were sold under asking, 15% were sold at asking, and 28% were sold over asking.
Days on Market for Northeast Bronx, NY
How long does it take to sell a home in Northeast Bronx, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 68 Days | -11.4% |
Summary: Homes in Northeast Bronx had an average of 68 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northeast Bronx has remained consistent over time.
Summary: During March 2024, 46 homes were sold in Northeast Bronx; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The 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. 
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. 
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Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.