This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Bronx Home Prices

The data below shows median sales prices for Bronx homes, co-ops and condos as determined from New York City property records in December 2010. For the month, the median price for all homes and apartments sold in Bronx was $310,000¹. Pricing by housing type is broken out in the table below and a history of monthly median sales prices are shown further down. For a less volatile look at pricing, see the quarterly and 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Bronx Median Home Prices for December 2010

§ — Small sample for the period. Changes not calculated and data point not shown in charts.

Monthly Home Price History for Bronx

The median price for all homes and apartments in bronx reached its most recent peak of $435,000 in November 2006. At $310,000, the current median price is now 28.74% lower. When the median price hit its lowest point (to date) of $213,970 in February 2008 it was 50.81% off the most recent peak. It has since climbed 44.88% from that post peak low.

Monthly Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Monthly Median Sales Prices for the Last Year

Quarterly Rolling Home Price History for Bronx

For the 3 month period ending December 2010, the combined median price for all Bronx homes was $314,750. This is 3.15% below the median price for the 3 month period ending one year ago in December 2009.

The quarterly rolling median price for all homes and apartments in bronx reached its most recent peak of $430,802 in December 2006. At $314,750, the current quarterly rolling median price is now 26.94% lower. When the quarterly rolling median price hit its lowest point (to date) of $281,620 in April 2008 it was 34.63% off the most recent peak. It has since climbed 11.76% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Bronx

The 12 month rolling median price for all homes and apartments in bronx reached its most recent peak of $420,810 in May 2007. At $325,000, the current 12 month rolling median price is now 22.77% lower. When the 12 month rolling median price hit its lowest point (to date) of $315,000 in September 2009 it was 25.14% off the most recent peak. It has since climbed 3.17% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of 12 Month Rolling Median Sales Prices for the Last Year

Bronx Home Affordability

In 2007, the median household income in Bronx was $32,409². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Bronx household, this would have meant that a monthly mortgage payment should not have exceeded $810 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 18.28% of the homes and apartments sold in Bronx in all of 2007.