Is Bronxville, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bronxville is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Bronxville was a Seller's Market.

Key Takeaway

Bronxville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bronxville, NY

How much do homes in Bronxville, NY cost?

Median Sold Price

$541,250

$389/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$116,250(+27.4%)

Key Takeaway

Homes in Bronxville have sold for 27.4% more than they did a year ago.

Summary: The median home sold price in Bronxville was $541,250 in May 2024, up 27.4% from last year, and the median price per square foot was $389.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $199K$195K
-2.0%
2 $310K$361K
+16.5%
3 $791.7K$825K
+4.2%
4 $1.4M$1.3M
-8.5%
5+ $2.3M$2.5M
+6.3%

Summary: Bronxville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

Bronxville
+27.4%
Yonkers
+13.8%
Tuckahoe
+6.9%
Eastchester
+3.7%

Housing Supply in Bronxville, NY

How many homes are available in Bronxville, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
202220+8.9%

Summary: The Bronxville real estate market had 220 homes for sale in May 2024, a 8.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 4251
+21.4%
2 5357
+7.5%
3 3231
-3.1%
4 2935
+20.7%
5+ 4646
0.0%

Summary: The Bronxville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1932+68.4%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bronxville, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Bronxville in May 2024, up by 68.4% month-over-month. Of the 32 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.

Days on Market for Bronxville, NY

How long does it take to sell a home in Bronxville, NY?

Average Sale Time

May 2023May 2024CHANGE
72 Days79 Days+9.8%

Summary: Homes in Bronxville had an average of 79 days on market in May 2024, up by 9.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bronxville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 32 homes were sold in Bronxville; 47% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% 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 1 Day Ago

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