Back to all insights Bronx January 2025 Market Report-
This report provides an in-depth overview of the Bronx real estate market, highlighting recent transactions and sales performance metrics while capturing the trends and opportunities shaping the market.
In January 2025, the Bronx real estate market saw a decline in transaction volume and units sold, with total dollar volume falling 29% year-over-year to $41.44 million and the number of units sold dropping 85%. Despite this slowdown, development sites continued to attract investment, with 259,285 buildable square feet transacted.
The top transaction was a $15 million development site sale at 1545 Jerome Avenue & 1540 Inwood Avenue in Highbridge. Other notable deals included a $6.3 million multifamily property in Mount Hope and a $4.2 million development site in Fordham. Multifamily properties totaled $15.24 million in sales at an average of $311 per square foot, while development sites saw $24.85 million in transactions at $92 per buildable square foot.
Although investor activity was slow this month, the ongoing development signals confidence in the Bronx’s long-term growth potential.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from January 1, 2025 –
January 31, 2025
Zip Codes: 10450, 10451, 10452, 10453, 10454, 10455, 10456, 10457, 10459, 10460, 10474
Neighborhoods: Claremont, Concourse, Concourse Village, Fairmont, Foxhurst, Highbridge, Hunts Point, Longwood,
Melrose, Morris Heights, Morrisania, Mott Haven, Mount Eden, Mount Hope, Port Morris, Tremont, West Farms, Woodstock
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