Back to all insights Bronx Q4 2024 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.
The Bronx real estate market in Q4 2024 demonstrated substantial growth, as reflected in key market metrics across multifamily, mixed-use, and development property transactions. With a total sales volume of $139.45 million, the market saw a significant 69% increase compared to the previous year, despite a decrease in transactions sold. Multifamily properties remained a strong sector, contributing $40.28 million in sales with 315 units sold, while mixed-use assets saw $54.66 million in transactions, highlighting investor confidence in the borough’s mixed-use developments. Development sites also experienced heightened activity, with over 438,000 buildable square feet sold. These trends signify a strong demand for investment properties in the Bronx, driven by both increasing property values and heightened interest in development opportunities.
Multifamily, Mixed-Use and Development transactions between $1,000,000 – $50,000,000 from October 1, 2024 – December 31, 2024
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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