Is Southeast Bronx, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Southeast Bronx has remained a Buyer's Market.
Key Takeaway
Southeast Bronx is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southeast Bronx, NY
How much do homes in Southeast Bronx, NY cost?
Median Sold Price
$610,375
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Southeast Bronx have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Southeast Bronx was $610,375 in March 2024, down 3.1% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $185K | 0.0% |
| 2 Bedrooms | $335K | $282K | -15.8% |
| 3 Bedrooms | $610K | $600K | -1.6% |
| 4 Bedrooms | $692.5K | $690K | -0.4% |
| 5+ Bedrooms | $910K | $880K | -3.3% |
Summary: Southeast 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 decreased by 15.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeast Bronx | $630K | $610.3K | -3.1% |
| Throggs Neck | $649.5K | $620K | -4.5% |
Housing Supply in Southeast Bronx, NY
How many homes are available in Southeast Bronx, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 411 | 427 | +3.9% |
Summary: The Southeast Bronx real estate market had 427 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 55 | +1.9% |
| 2 Bedrooms | 92 | 93 | +1.1% |
| 3 Bedrooms | 82 | 94 | +14.6% |
| 4 Bedrooms | 47 | 50 | +6.4% |
| 5+ Bedrooms | 136 | 135 | -0.7% |
Summary: The Southeast Bronx housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 31 | -41.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Bronx, you may be able to get a good deal. 71% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Southeast Bronx in March 2024, down by 41.5% month-over-month. Of the 31 sold homes, 71% were sold under asking, 6% were sold at asking, and 23% were sold over asking.
Days on Market for Southeast Bronx, NY
How long does it take to sell a home in Southeast Bronx, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 97 Days | 81 Days | -16.6% |
Summary: Homes in Southeast Bronx had an average of 81 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeast Bronx has remained consistent over time.
Summary: During March 2024, 31 homes were sold in Southeast Bronx; 32% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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