Bronxville, NY 10708 Real Estate Market Report

ZIP Code: 10708
Report Date: May 2026
Market Temperature: NEUTRAL
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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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Bronxville, NY are 6.4% compared to the 5.9% average seen in early 2026, indicating that property owners who secured loans earlier this year are currently holding a more favorable rate.

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 indicator is the median sold price of $1,751,500, which represents recent transaction-level market value and suggests pricing is tracking below asking levels given the median listing price of $2,224,500; this gap may indicate pricing friction between seller expectations and closed transactions.

2. Liquidity appears slowed: the median days on market of 385 signals notably longer time-to-sale and slower sales velocity, which may require sellers to adjust price or terms to achieve timely transactions.

3. Price direction shows softening: the price year-over-year trend is down while the market temperature is neutral, suggesting a balanced market with modest downward pressure rather than a rapid correction; neutral market temperature implies neither extreme buyer nor seller dominance.

4. Financial headwinds and rental context: interest rate pressure is elevated and local borrowing conditions are less favorable (current 30‑year fixed rates ~6.4% versus a 5.9% early‑2026 average), while rents show mixed signals—the median market rent of $3,218 is paired with a rent year-over-year trend that is down—all of which may temper buyer affordability and investor demand.

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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.

Bronxville, NY 10708 Real Estate Market Report

ZIP Code: 10708
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Bronxville, NY are 6.4% compared to the 5.9% average seen in early 2026, indicating that property owners who secured loans earlier this year are currently holding a more favorable rate.

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 indicator, $478,000 median sold price, points to recent transaction values that are modestly below asking expectations given the $425,000 median listing price; this gap suggests pricing friction between seller expectations and closed transactions.

2. Despite a neutral market temperature (neutral), long selling periods—reflected by a median days on market of 330—suggest slower sales velocity and that transactions may require longer marketing time or price adjustments.

3. Price momentum shows a down year-over-year trend for sale prices, while rental dynamics are mixed: $3,200 median market rent is paired with a rent year-over-year trend that is down, and interest rate pressure is characterized as elevated, implying financing costs remain a near-term headwind for buyers.

4. Inventory in the analyzed sample appears to reflect relatively constrained active supply, which, combined with a median price per square foot of 553, indicates pricing is concentrated at a premium per unit area; under current conditions, sellers may need to align asking prices more closely with recent sold prices to improve liquidity.

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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.