Photo by N. Bower

By Janet Kovacs, Brokerage Manager, Houlihan Lawrence Bronxville

Feb. 19, 2025: As we close out 2024, we’re inspired by the strong demand from buyers eager to settle in our vibrant communities north of New York City. Housing inventory remains low, creating a highly competitive market for buyers and an excellent opportunity for homeowners ready to sell.

Strength of the Bronxville Real Estate Market

The trends this year underscore the strength of Bronxville’s real estate market. In the Village, 47 single-family detached homes were sold, an 8% decline from 2023, but luxury properties remained in high demand, with 40% of sales between $3 million and $5 million. The median sale price rose 9% to $2.8 million, and the average sale price slightly increased to $2,867,914, despite limited inventory with only five properties available at year-end.

In Bronxville PO/Yonkers, there were 38 single-family home sales, down 10% from the previous year and the lowest in a decade. However, the median sale price climbed 9% to $1,167,500, and the average sale price increased 6.3% to $1,240,921. Homes in the $1 million to $1.5 million range were particularly sought-after, with 15 sales in that category. Days on market dropped to an average of 54, reflecting strong buyer demand.

The co-op market also saw impressive growth, with sales up 16% and the median sale price surging 51% to $687,000. Average days on market decreased to 80 days, and the average price per square foot rose to $550, highlighting the growing appeal of Bronxville’s co-op offerings.

To read the full Bronxville 2024 market report, CLICK HERE.