BRONX MARKET UPDATE
AUGUST 2025
Bronx MARKET OVERVIEW
CONDO, CO-OP AND SINGLE-FAMILY HOMES Date Range Aug 2024 vs Aug 2025
Contracts signed in the Bronx current period increased to 33 from 24 last year, with median DOM rising to 122.5 days from 78 days, indicating a slower but more active market. Price per square foot saw a modest rise to $385 from $321, suggesting stable value growth. Recorded sales show a slight price decline to $351K from $388K, implying a softening in sale prices despite higher contract activity.
CLOSINGS
Median sale prices decreased slightly from $388K last year to $351K this period, while price per square foot edged higher to $385, reflecting a potential shift towards more value-sensitive buyers or smaller units selling. The market appears to be adjusting, with many contracts taking longer to close but prices holding relatively steady.
AND RESALE CONDOS Date Range Aug 2024 vs Aug 2025
Condo contract signings jumped to 6 from 2 last year, with DOM increasing significantly to 56.5 days from 239.5 days, indicating a market that is becoming more active but slower in closing. Price per square foot decreased to $463 from $578, showing a decline in market valuation. Recorded sales prices fell to $243K from $268K, reflecting softer condo pricing despite increased contract volume.
CLOSINGS
Condo sales median prices declined slightly from $268K to $243K, with price per square foot also dropping, suggesting a cooling condo market this year. The longer DOM indicates that buyers may be more selective, leading to lower sale prices.
Date Range Aug 2024 vs Aug 2025
Coop contracts signed increased slightly to 23 from 19, with DOM rising notably to 138.5 days from 69 days, indicating a slower market despite higher contract numbers. Price per square foot remained steady at around $300, with recorded prices nearly unchanged at $228K vs. $230K last year, pointing to a stable yet sluggish resale market.
Median coop sale prices held steady at approximately $228K, while price per square foot remained stable, confirming a balanced but less active resale environment in the coop sector.
SINGLE-FAMILY
TOWNHOUSES AND DETACHED SINGLE-FAMILY HOMES Date Range Aug 2024 vs Aug 2025
Single-family home contracts increased to 4 from 3 last year, with DOM rising to 104 days from 62, hinting at a longer negotiation process. Price per square foot climbed to about $560 from $431, and sale prices increased to $665K from $625K, showcasing continued demand and price appreciation for single-family homes.
Prices for single-family homes rose modestly to $665K from $625K, with a slight increase in price per square foot, underscoring strong demand and price resilience in this segment despite longer time on the market.
Bronx
NEW DEVELOPMENT
NEW DEVELOPMENT CONDO & CO-OP
In the current period, there have been no new contracts signed, compared to 1 in the same period last year, indicating a slowdown in new development activity.
There are currently 14 unsold units across 5 buildings, with 4 active on the market, reflecting a low but steady inventory presence in the Bronx metro area.
4 9 UNITS 69% of new inventory is unlisted
The median recorded sales price is $276K, with no sales recorded this period versus the prior year's data, suggesting a pause or slowdown in recorded transactions.
LUXURY MARKET REPORT
$4M+ PROPERTIES Date Range Aug 2024 vs Aug 2025
Currently, there are no luxury contracts signed in the Bronx for both this year and last year, indicating minimal activity in this sector. CLOSINGS
The median recorded sale price remains consistent at $4.95M, suggesting stable property valuations compared to the previous year.
$4M - $10M
No signed contracts in the $4-10M range for the Bronx this year or last year, showing stagnant market movement.
The median sale price for properties remains steady at $4.95M, with the price per square foot averaging $1,625, stable compared to the previous year.
There are no available data for contracts in the $10M+ market for the Bronx, echoing a lack of activity.
No recorded sales data available, indicating no transactions in the $10M+ category.
MARKET REPORT
Date Range Aug 2024 vs Aug 2025
Current year contracts signed for condos are up, with 6 compared to just 2 last year, but the median days on market have decreased sharply from 240 to 7 days, indicating faster sales.
Average recorded condo sale prices have declined slightly from $267.5K to $243K, while price per square foot has increased from $325 to $338, suggesting more competitive pricing but higher efficiency in pricing per area.
MARKET - STUDIOS Date Range Aug 2024 vs Aug 2025
There were no studio contracts signed in either period, showing no activity.
No recorded studio sales in either period, indicating stable but inactive demand. MEDIAN PRICE / SF
ONE BEDROOMS
CONDO MARKET - 1 BEDROOMS Date Range Aug 2024 vs Aug 2025
Contracts for 1-bed condos increased from 1 to 2, and the median days on market fell dramatically from 311 to 37 days, reflecting a quicker and slightly more active marketplace.
Median prices held steady at around $219K, with a slight increase in price per square foot, from about $319 to $317, highlighting stable value.
TWO BEDROOMS
CONDO MARKET - 2 BEDROOMS Date Range Aug 2024 vs Aug 2025
2-bed contracts doubled from 1 to 2, with median DOM decreasing from 168 to 85 days, signifying faster sales pace.
Average sale price increased from $270K to nearly $315K, and price per square foot rose from $326 to nearly $390, indicating stronger demand for larger units.
THREE BEDROOMS
CONDO MARKET - 3 BEDROOMS
3-bed contract activity emerged with 1 signed this year after none last year, and median DOM shortened from 119 to 119 days, showing a more active segment.
Price levels remained consistent around $417K, with a modest increase in price per square foot from $346 to $364.
BEDROOMS
Contracts for 4-beds appeared this year with 1 signed, a new activity point, with DOM at 71 days, suggesting quickening sales.
CO-OP MARKET REPORT
Date Range Aug 2024 vs Aug 2025
In Bronx co-op market, contract signings increased from 19 last year to 23 this year, with the median DOM rising from 69 to 138.5 days, indicating a slight cooling in speed but higher demand for signed contracts. Recorded sales prices remained stable, with a marginal decrease from $230K to $228K, and per square foot prices steady around $256-$262.
Median prices for sold co-ops edged down slightly from $230K to $228K, while price per square foot stayed consistent, reflecting steady valuation but possibly increased supply or negotiation changes.
Contract signings for studios fell from 1 last year to none this year, with DOM data only available for prior year at 249 days, indicating very limited activity currently. Recorded sales showed an increase in median price from $129.5K to $161.5K and a notable rise in PPSF from $234 to $323, signaling stronger pricing for active sales.
Prices for studio sales increased, with median price up from $129.5K to $161.5K and PPSF improving substantially, pointing to more competitive prices despite fewer contracts being signed.
ONE BEDROOMS
CO-OP MARKET - 1 BEDROOMS Date Range Aug 2024 vs Aug 2025
One-bedroom contracts signed increased from 8 to 11, with DOM rising from 62 to 130.5 days, indicating a slower pace but higher interest. Recorded sale prices decreased slightly from $210K to $187.5K, while PPSF dipped from $255.5 to $224.4, reflecting some softening in valuation.
Median sale price decreased marginally, and PPSF saw a small decline, suggesting a slight easing in prices for sold units even as contract activity rose.
TWO BEDROOMS
CO-OP MARKET - 2 BEDROOMS Date Range Aug 2024 vs Aug 2025
2-bedroom contract signings decreased from 8 to 5, with DOM increasing from 69 to 166 days, indicating a slowdown in this segment. Recorded prices slightly softened from $300K to $294.5K, with PPSF decreasing from about $302 to $275, showing a modest price easing in sales.
Median sale prices and PPSF declined slightly, consistent with reduced demand or more inventory available for 2-bed units.
THREE BEDROOMS
CO-OP MARKET - 3 BEDROOMS Date Range Aug 2024 vs Aug 2025
3-bedroom contracts increased from 2 to 7, with DOM rising from 75.5 to 137 days, showing increased interest but also lengthier negotiations. Recorded sale prices rose notably from $455K to $567.5K, and PPSF increased from around $358 to $363, suggesting stronger pricing and buyer activity.
Sales prices for 3-bed units show a significant upward swing, reflecting increasing demand for larger homes in the Bronx despite longer contract times.
BEDROOMS
CO-OP MARKET - 4 BEDROOMS Date Range Aug 2024 vs Aug 2025
No active contracts were signed for 4beds in this period, both this year and last, indicating very limited activity at this size category currently. Recorded prices last year were at $400K with a PPSF of $250, but no data is available for the current period.
Limited data suggests possible stability or no recent sales activity for large family homes in Bronx, signaling a pause or slowdown in this niche market.
TOWNHOUSE MARKET REPORT
In Bronx, townhouse contract signings increased from 7 to 9 year-over-year, with a slight rise in median days on market from 77 to 83 days, indicating a modestly more active but slightly slower market for recent contracts. Price per square foot remained stable at around $391 compared to $386, showing consistent value expectations.
Recorded townhouse prices in Bronx rose from a median of $721K to $794K, while price per square foot increased from about $358 to $373, reflecting a healthy appreciation in home values over the past year.
BRONX MONTHLY REAL ESTATE MARKET SNAPSHOT
Market Overview
In August 2025, the Bronx real estate market demonstrated dynamic changes across various segments, marked by a general uptick in contracts signed, average prices, and recorded sales
New Development
This segment saw a dramatic reduction in recorded sales, down by 25%, with an average price decline of 6 37% The dollar volume dipped sharply by 29 78%, indicating a temporary slowdown
Luxury Market ($4M+)
August witnessed a steady performance in the luxury sector, maintaining recorded sales with no percentage change The average price stood at $4 95M, sustaining its position amidst stable demand.
Resale Condo
Resale condos experienced a significant surge, with recorded sales jumping by 62 96% New listings increased by 38.10%, indicating robust market activity. The dollar volume saw a notable increase of 17 02%, reflecting strong buyer interest.
Resale Co-op
The resale co-op sector displayed mixed signals; while contracts signed declined by 17.86%, the average price rose 38.61%. Recorded sales increased by 12%, alongside a slight decrease in dollar volume by 0 82%
Single-Family Homes
Single-family homes experienced growth, with contracts signed rising 33 33% The average price increased 10 63%, and the dollar volume saw an impressive rise of 44 53%, showcasing healthy demand
Multi-Family Homes
This segment saw a 12 39% rise in recorded sales, paired with a 2.44% increase in average prices. Although new listings fell by 15%, the market remains resilient with a positive growth trajectory in dollar volume by 15 14%
Overall, the Bronx real estate market in August 2025 marked a period of positive momentum, with significant gains across most segments, indicating continued buyer interest and market strength