🏡 Bronx Real Estate Market Update – January 2025

By WW Realty Group Inc.📅 Published: May 18, 2025

The Bronx real estate market in early 2025 is experiencing notable shifts, with rising home prices and a tightening inventory. These changes present both opportunities and challenges for buyers and sellers alike.

📊 Key Market Metrics

• Median Home Price: $630,000, up 5.0% year-over-year 

• Average Days on Market: 62 days, down from 74 days last year 

• Total Homes Sold (April 2025): 144, a decrease from 157 in April 2024 

• Mortgage Rates: Fluctuating around 7%, impacting affordability.

🏠 Insights for Buyers

With home prices on the rise and inventory levels decreasing, buyers need to act swiftly and decisively.

Recommendations:

• Get Pre-Approved: Secure mortgage pre-approval to strengthen your offer.

• Be Ready to Move Quickly: Homes are selling faster; delays can mean missed opportunities.

• Consider Flexibility: Be open to different neighborhoods or property types to increase options.

🏡 Insights for Sellers

Sellers are in a favorable position with increasing home values and reduced competition.

Recommendations:

• Price Strategically: While prices are up, setting a competitive price can attract more buyers.

• Enhance Curb Appeal: First impressions matter; invest in minor upgrades to boost appeal.

• Market Effectively: Utilize professional photography and online listings to reach a broader audience.

🏘️ Neighborhood Spotlight: North Bronx

The North Bronx continues to attract buyers with its blend of urban convenience and suburban charm. Areas like Pelham Bay, Wakefield, and Riverdale are seeing increased interest due to their community feel and access to green spaces.

📞 Contact WW Realty Group Inc.

Navigating the current market requires expertise and timely action. Whether you're buying or selling, WW Realty Group Inc. is here to guide you every step of the way.

• Phone: 347-281-4162

• Email: WWRealtycorp@gmail.com

• Website: www.wwrealtygroupinc.com