Bronx, NY 10459 Real Estate Market Report

ZIP Code: 10459
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Bronx, NY 10459 market are 6.30%, which is 0.43% higher than the 5.87% typical for loans originated in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market indicator, median sold price, is 629,000, which anchors recent transaction value and suggests modest appreciation consistent with the market's up price trend.

2. Liquidity is slow: the median days on market is 273, which points to slower sales velocity and suggests pricing friction that may require sellers to be more flexible on terms or time-to-contract; this creates soft near-term transaction conditions.

3. Pricing context shows a median price per square foot of 443 alongside a median market rent of 3,058, indicating relative price support from rental demand and aligning with a rent growth dynamic that may sustain investor interest in SFR and condo assets.

4. Market balance is tilted toward cooler conditions: the market temperature is cold, and financing pressure is measurable — current 30-year fixed mortgage rates in the market are 6.30%, which is 0.43% higher than the 5.87% typical for February 2026 originations — factors that, together with moderate interest rate pressure, may sustain longer marketing periods and greater buyer negotiation leverage.

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Notable Properties

The following 6 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Bronx, NY 10459 Real Estate Market Report

ZIP Code: 10459
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Bronx, NY 10459 market are 6.30%, which is 0.43% higher than the 5.87% typical for loans originated in February 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market value indicator is the median sold price at $375,000, which, together with a cold market temperature, suggests recent transactions reflect cooling conditions rather than rapid appreciation.

2. Sales velocity is slow as indicated by the median days on market of 675, which may indicate pricing friction and longer negotiation windows for sellers in this neighborhood.

3. Pricing context shows a median price per square foot of 287, which, combined with rising rents (median market rent 1,850 and rent year-over-year trend up), suggests rental demand is supporting floor pricing even as sales slow.

4. Financing and market forces: the market reports moderate interest rate pressure and notes "Current 30-year fixed mortgage rates in the Bronx, NY 10459 market are 6.30%, which is 0.43% higher than the 5.87% typical for loans originated in February 2026," which may sustain slower sales velocity and increase borrower caution despite the price year-over-year trend being up.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.