How has the Bronx real estate market developed in the course of the past five years? Our analysts pulled out all sales data on single- & two-family homes, condos, and coops recorded in the 2008 – 2013 timeframe, putting together a quick overview of the Bronx housing market.
Despite a sizable drop in the number of sales, slightly bigger prices have stepped in to compensate for the slower sales pace. A total of 2,071 homes were sold in 2013, compared to 3,059 in 2008. However, the median sale price jumped 3% from 2008’s median of $300,000 to $310,000 in 2013.