BRONX MARKET OVERVIEW
CONDO, CO-OP AND SINGLE-FAMILY HOMES
In the Bronx Q2 2025, residential sales saw a slight decrease in contract activity with 94 contracts, down from 102 in Q2 2024, but properties areselling faster, with median days on market at 69 compared to 91.5 days last year.
Median recorded sales prices have decreased slightly to $355,583 from $378,600 in Q2 2024, but price per squarefoot has ticked up marginally to $344.81, indicating buyers arepaying moreper square foot despite the overall price drop.
Condo market saw an increase in activity, doubling its contract count to 14 from 7 in Q2 2024. The median days on market decreased significantly from 99 to 46 days, suggesting a more competitive market with higher demand.
Condos experienced a decrease in median sales price to $239K from $270K last year, although the price per square foot increased to $343.65, reflecting a stronger buyer preference for smaller, higherpriced units.
Contract signings for coops decreased in Q2 2025 with 70 contracts versus 88 in Q2 2024, and slightly faster market times as median DOM dropped to 88.5 days from 93.5.
The median sales price for coops remained steady at $245K, with a moderate increase in price per square foot from $272.56 to $281.25, suggesting stable demand in this segment.
TOWNHOUSES AND DETACHED SINGLE-FAMILY HOMES
Single-family homes in the Bronx showed a slight uptick in demand, with 10 contracts signed compared to 7 last year, while median DOM changed little at 58 days.
These homes saw a price increase as the median sales price rose to $652,600 from $622,500, with the price per square foot jumping from $394.90 to $429.01, pointing towards an appreciation in single-family home values.
NEW DEVELOPMENT
In Q2 2025, there were zero contracts signed for new developments in the Bronx, a decline from one contract in Q2 2024.
As of Q2 2025, there are 139,706 unsold units in the Bronx, with only 3 of these actively on the market, indicating a potential surplus in inventory.
75% of new inventory is unlisted
The median recorded sale price for new developments in the Bronx fell to $275K in Q2 2025 from $400K in Q2 2024, with median price per square foot decreasing from $333 to $300.
CONDO MARKET REPORT
Contract signings for residential sales in the Bronx have doubled this period to 14 compared to 7 last year, with a significant drop in days on market from 99 to 46 days indicating quicker transactions.
Recorded sales show a slight decrease in median prices from $270K to $239K, though price per square foot has increased from $320 to $344, suggesting a shift to smaller but more expensive spaces.
No studio contracts were signed in either current or prior periods, showing consistent inactivity.
No recorded sales for studios in the current period, unchanged from last year, though prior sales had a median price of $290K at $350 per square foot.
ONE BEDROOMS
CONDO MARKET - 1 BEDROOMS
One-bedroom contracts signed increased to 4 from 0, with a median days on market of 70, indicating new interest in this segment.
Recorded sales for one-bedrooms increased in median price from $185K to $225K, with price per square foot rising from $294 to $351, signifying growing demand and valuation.
TWO BEDROOMS
CONDO MARKET - 2 BEDROOMS
Two-bedroom contracts have more than doubled from 4 to 9, with a faster market pace as the days on market decreased to 29 from 63.
Two-bedroom recorded sales show an increase in median price from $280K to $308K, with a slight dip in price per square foot.
CONDO MARKET - 3 BEDROOMS
Only one three-bedroom contract was signed this period compared to 2 last year, but with a drastic decrease in days on market from 256 to 33 days.
Median price for three-bedroom sales rose from $359K to $400K, with price per square foot increasing substantially from $336 to $378, reflecting
No four-bedroom contracts were signed this period compared to 1 last year, continuing a trend of reduced activity in this segment.
No recorded sales in the current period, following prior year median metrics of $1.1M at $465 per square foot, which are not reflected due to lack of new data.
CO-OP MARKET REPORT
In the Bronx co-op market, Q2 2025 saw a decrease in contracts signed, with 70 compared to 88 in Q2 2024, yet properties were slightly quicker to sell with a median DOM of 88.5 days down from 93.5. This points to a more cautious but possibly decisive buying behavior.
The median sale price remains stable at $245K. However, the price per square foot (PPSF) saw a minor increase to $281.25 from $272.56, indicating a small uptick in value perception per unit area.
Studio co-ops faced a decline with only 3 contracts signed in Q2 2025 compared to 5 in Q2 2024, and an increase in DOM from 47 to 66 days, suggesting a cooling off in this segment.
Despite fewer transactions, recorded sales show a median price increase to $143K from $138.75K, while PPSF decreased slightly from $300 to $287.50, indicating larger unit sizes likely influencing the sales.
ONE BEDROOMS
CO-OP MARKET - 1 BEDROOMS
The one-bedroom segment was active with 30 contracts in Q2 2025 but had longer DOM of 120 days compared to 107 days for 36 contracts in Q2 2024, showing slower movement despite consistent demand.
The segment saw an increase in recorded sales price to $200K from $180K. The PPSF also increased from $234.09 to $248.14, marking a rise in value.
TWO BEDROOMS
CO-OP MARKET - 2 BEDROOMS
Two-bedroom co-op contracts remained steady with 30 signed in both Q2 2025 and 2024, but with reduced DOM to 66.5 days from 74, pointing to quicker turnover.
There was a notable increase in median price to $320K from $275K, and an elevated PPSF from $281.45 to $325.61, suggesting robust demand and appreciating value.
CO-OP MARKET - 3 BEDROOMS
Three-bedroom contracts took a hit, with only 7 in Q2 2025 versus 15 in Q2 2024. However, these deals moved faster with a DOM of 49 days versus 118, indicating higher decisiveness.
The median recorded price dropped to $426K from $449K, and the PPSF decreased from $363.43 to $320.51, suggesting downward price adjustments for larger units.
MARKET - 4 BEDROOMS
There were no four-bedroom contracts signed in Q2 2025, highlighting a lack of movement in this tier compared to 2 deals in Q2 2024.
TOWNHOUSE MARKET REPORT
In the Bronx townhouse market, contracts signed in Q2 2025 saw an increase to 16 from 13 in Q2 2024, despite the median days on market rising from 55 to 71 days, indicating a slower market absorption but increased buyer activity.
The median sales price for townhouses in Q2 2025 rose to $762K from $731K last year, reflecting a stable increase in value, while the price per square foot remained nearly unchanged at $362 versus $356.
Anil Jintoorkar
Associate Real Estate Broker | Douglas Elliman |
O: 516 669 5615
anil jintoorkar@elliman com
BRONX REAL ESTATE MARKET OVERVIEW
The Bronx real estate market in Q2 2025 presents a nuanced picture across various market types While some segments show growth, others face challenges
New Development
New developments see a mixed performance with a staggering 25% increase in recorded sales but a significant drop of 38 54% in average price The dollar volume also saw a sharp decline of 23.17%, indicating a downward trend in value, but an opportunity in terms of volume.
Luxury ($4M+)
The luxury market saw a dramatic 50% decrease in recorded sales, pushing the dollar volume down by 54.76%. However, with new listings and average pricing resilience at $5 38M, the market demonstrates potential for future investment but needs careful navigation.
Resale Condo
The resale condo market shows promising growth, with contracts signed up by 55 56% and the dollar volume seeing a robust 66 94% increase However,
recorded sales and average prices faced declines, reflecting a fluctuating demand that still holds capacity for growth
Resale Co-op
This segment saw a slight contraction with a 9.09% decrease in contracts signed, yet recorded sales rose by 5 36%, indicating stable interest Though overall dollar volume decreased by 0.41%, it remains viable amid varied shifts
Single-Family
Single-family homes display positive growth with a 66.67% rise in contracts signed and a notable 110.50% jump in dollar volume, driven by a strong market interest and pricing.
Multi-Family
The multi-family market contracted in terms of contracts signed by 25%, yet average prices rose 31 64% Despite this, overall dollar volume was slightly down, signaling a cautious yet potentially rewarding market
Overall, the Bronx market exhibits diverse trends, inviting both caution and opportunity for strategic investors
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice
Source: Marketproof | For informational purposes only, data from entities deemed reliable, but may contain errors, omissions, or changes without notice