Bronx, NY 10459 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The primary market value signal is the $799,500 median sold price, which represents the representative recent sale level and suggests realized pricing is stronger than asking in this sample; up price momentum in the area supports this interpretation.
2. There is a notable gap between the $699,000 median listing price and the $799,500 median sold price, which may indicate pricing friction or that transactions are closing above initial asking levels rather than sellers overpricing; use caution when setting list strategies and consider recent closed comps as the primary guide.
3. Market velocity is slow based on the 278 median days on market, which points to slower sales velocity and extended time to close even as prices are reportedly up; this suggests liquidity is muted and underwriting timelines should factor in extended carrying periods.
4. Rents and macro pressure: the $3,058 median market rent is rising alongside a reported up rent year-over-year trend, while elevated interest rate pressure (elevated) may constrain affordability—prioritize deals that account for higher financing costs and compare recent sold price levels when modeling returns.

Notable Properties

The following 5 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.