The Bronx real estate market is showing mixed signals as we enter Q1 of 2025.
While the average home value rose 4.2% year-over-year to $452,126, median home
sale prices dipped slightly by 1.7%, now sitting at $515,000. Properties are
spending an average of 77 days on the market—unchanged from last
year—indicating steady buyer interest despite shifting economic tides. With 142
homes sold in February compared to 171 a year ago, inventory turnover has
slowed, offering both risks and opportunities for investors.

📊 Curious about what’s driving these trends and how they impact your
investments? Dive into the full Recon Econ Paper to explore what’s happening
across employment, public safety, healthcare, education, and more in the Bronx.

Read the Full Report below or on JasmineWillois.com

Gentrification and Housing Market
The Bronx has emerged as a focal point for development within New York City’s
five boroughs, leading to significant gentrification and concerns about resident
displacement.

• Average Rent: Increased by 1.1% to $2,473
• Median Days on Market: 77 days (unchanged year-over-year).
• Home Values: The average home value in Bronx County is $452,126,
  reflecting a 4.2% increase over the past year, with properties typically
  pending in around 86 days. citeturn0search0
• Home Prices: In February 2025, median home prices were $515,000, a
  1.7% decrease compared to the previous year. Homes sold after an average
  of 77 days on the market, consistent with the prior year. There were 142
  homes sold in February 2025, down from 171 the previous year.
  citeturn0search24

  Employment Trends

  The Bronx has achieved employment growth for ten consecutive years, setting new
  records and reducing the unemployment rate to historic lows. citeturn0search1

  Maternal Health Initiatives

  In response to high maternal mortality rates, Borough President Vanessa L. Gibson
  released a comprehensive Birthing Center Report in March 2025, outlining
  recommendations to establish a dedicated birthing center in the Bronx. This
  initiative aims to enhance maternal healthcare access and outcomes for Bronx
  families. citeturn0search2

  Economic Development: Morris Park Investment

  The Greater Morris Park area has been awarded $20 million through the
  Downtown Revitalization Initiative (DRI) and NY Forward programs. Announced
  by Governor Kathy Hochul, this funding will support economic development,
  small businesses, public parks, and transit infrastructure, positioning Morris Park
  as a vibrant business and residential district. citeturn0search3

  Public Safety Enhancements

  Borough President Gibson has prioritized public safety with targeted investments:

• Illegal Dumping Prevention: Installation of security cameras in key
  locations to deter illegal dumping, promoting cleaner neighborhoods
• Enhanced Security Measures: Additional funding allocated for security
  cameras at NYC Public Schools, NYCHA developments, and high-traffic
  areas, in collaboration with the NYPD, to ensure safer environments for
  students, residents, and businesses. citeturn0search4

  Addressing the Opioid Crisis: Recovering Together Initiative

  Launched in March 2025, the Recovering Together Initiative focuses on combating
  the opioid epidemic through:

  ● Narcan Training Sessions: Conducted in communities most affected by
  opioid-related deaths to equip residents with life-saving knowledge.

  ● $600,000 Investment in The Hub: Funds administered by the Third Avenue
  BID and the Bronx Economic Development Corporation to support
  infrastructure improvements and expanded services in The Hub area.
  citeturn0search5

  Senior Resources

  To support the aging population, the Bronx Borough President’s Office offers a
  Senior Resource Guide, connecting older adults and caregivers with essential
  services, including healthcare, affordable housing, transportation, and engagement
  programs. citeturn0search6

  Environmental Initiatives

  Environmental advocates are actively promoting the expansion of green spaces and
  waterfront access in the Bronx. Events like the 31st annual Bronx Parks Speak Up
  emphasize the community’s commitment to urban sustainability and improved air
  quality. Citeturn0search7

  Education Investments

  Education remains a priority, with over $50 million allocated for Bronx schools in
  FY25. This funding supports:

• STEM and Hydroponic Labs: Expanding access to cutting-edge
  technology and hands-on learning
• School Facility Renovations: Enhancing classrooms, libraries, and athletic
  spaces
• State-of-the-Art Equipment: Ensuring students have the tools needed for
  success in a competitive job market. citeturn0search4

  Entertainment and Cultural Development

  A new Regal Cinema opened at Concourse Plaza on March 21, 2025, replacing the former Multiplex Cinema. This addition provides residents with expanded entertainment options and contributes to local economic growth. citeturn0search9

  Kingsbridge Armory Redevelopment

  The redevelopment of the historic Kingsbridge Armory is progressing, with the
  selection of 8th Regiment Partners LLC as the development team and
  FXCollaborative as the project architect. This $200 million, community-led project
  aims to create jobs, attract businesses, and establish a dynamic community hub for
  commerce and cultural engagement. citeturn0search10