Is Bronx, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bronx has remained a Buyer's Market.
Housing Prices in Bronx, NY
How much do homes in Bronx, NY cost?
Median Sold Price
$573,330
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bronx was $573,330 in May 2024, down 0.4% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192K | $190K | -1.0% |
2 Bedrooms | $330K | $310K | -6.1% |
3 Bedrooms | $600K | $592.2K | -1.3% |
4 Bedrooms | $690K | $698K | +1.2% |
5+ Bedrooms | $850K | $865K | +1.8% |
Summary: Bronx housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $900K | $1.3M | +44.4% |
Yonkers | $439.6K | $500.3K | +13.8% |
Bronx | $575.7K | $573.3K | -0.4% |
Mount Vernon | $520K | $471.2K | -9.4% |
Housing Supply in Bronx, NY
How many homes are available in Bronx, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,805 | 1,927 | +6.8% |
Summary: The Bronx real estate market had 1,927 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 396 | 418 | +5.6% |
2 Bedrooms | 404 | 436 | +7.9% |
3 Bedrooms | 349 | 392 | +12.3% |
4 Bedrooms | 168 | 176 | +4.8% |
5+ Bedrooms | 488 | 505 | +3.5% |
Summary: The Bronx housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 173 | +23.6% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in Bronx in May 2024, up by 23.6% month-over-month. Of the 173 sold homes, 58% were sold under asking, 22% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
85 Days | 89 Days | +4.4% |
Summary: Homes in Bronx had an average of 89 days on market in May 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Summary: During May 2024, 173 homes were sold in Bronx; 25% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.