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.
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
$573,330
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Bronx has remained the same since last year.
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
Key Takeaway
If you're buying a home in Bronx, you may be able to get a good deal. 58.4% of homes here sold below asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in Bronx has remained consistent over time.
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.
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. 
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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. 
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.