2023 Market Insights: Bronxville NY
Wondering “How’s the Market?” Read on…
Insights 2023
Recent gains in the stock market as well as potentially lower interest rates as the year progresses set the stage for a good year.
Bronxville’s home prices have grown 32% since 2019 and demand remains high with a limited number of homes for sale. With last year’s rising interest rates and some buyer uncertainty, Bronxville’s median price of homes sold declined 5.3% in 2023.
Homes that are well priced and tick many of buyers’ boxes will not linger. Number of days on market for Bronxville single family homes and townhouses have reduced consistently - even drastically - from 2019 through 2023 .
Bronxville townhouses have had another strong year with a continued increase in median price sold of 7.4% versus year ago. With fewer listings, there is increased demand among home buyers in the mid $1million range.
Since 2020, Bronxville co-op median sales prices have softened . This may be due to a trend to have access to the outdoors – but camera ready, well-staged apartments show a true advantage.
There was a steady increase in Bronxville PO/Yonkers median price of homes sold since 2019. In 2023, median price sold jumped an impressive 26%, while the number of homes sold decreased by 27%, illustrating low inventory and high demand.
If you are considering listing your home but not sure where to start, check out the resources tab for material on how to get your home ready for market and the Houlihan Lawrence Sellers Packet.
Curious to know the value of your home?
I can help you with that.
Call or text me at 646-884-0650.
Wishing all of you a year of joy and health,