Bronxville, NY 10708 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

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

Key Findings

1. The neighborhood's representative recent sale has a median sold price of 1,285,000, which should be treated as the primary indicator of current market value and recent transaction activity; with the market temperature described as hot and the price year-over-year trend up, sellers remain positioned to realize strong pricing power.
2. Median days on market is 438, a signal of materially slower sales velocity relative to what a "hot" label might imply; this extended time to contract may indicate pricing friction or elongated negotiation cycles even as headline demand remains strong, so sellers should expect patience and buyers should expect opportunities to negotiate.
3. There is a significant spread between the median listing price of 2,499,000 and the median sold price of 1,285,000, which suggests seller expectations are elevated relative to recent transaction prices and may require pricing adjustments or staged marketing to align listings with realized value.
4. Rental demand is trending up alongside prices, with median market rent at 3,400; interest rate pressure is characterized as moderate, and current mortgage conditions note that Current 30-year fixed mortgage rates in Bronxville, NY, are averaging approximately 6.25% to 6.63%, which may temper some buyer urgency and keep financing-sensitive buyers on the sidelines.

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.