“Make your mark in New York and you are a made man.” - Mark Twain

Are you dreaming of becoming a homeowner in the vibrant and diverse borough of the Bronx, New York? The Bronx is a fantastic place to live, and single family homes in this borough offer a unique blend of charm, community, and opportunity.

As a dedicated realtor, I'm excited to share with you 10 things that make Bronx single family homes an excellent choice for those seeking to purchase a home in this exciting part of the Big Apple.

With that said, here are 10 reasons why you should further consider owning in the Bronx today! 👊

1. Space to Call Your Own

One of the most significant advantages of single family homes in the Bronx is the space they provide. Unlike apartments or condos, these homes offer ample room for you and your family to grow. You'll have a private yard, more square footage, and the freedom to customize your living space to your heart's content.

2. Affordable Homeownership: Below National Average

One of the standout reasons to consider purchasing a single family home in the Bronx is the affordability. Days on Market (DOM) for Bronx homes are below the national average in the United States. This means that homes in the Bronx tend to sell faster than the national average. It's a testament to the demand and value in the Bronx housing market. As of September, the Bronx currently has a median DOM of 40, which is almost 10 days shorter than the national median of 48 days on market.

3. Backyards and Outdoor Living

Bronx single family homes often come with spacious backyards, providing a piece of outdoor paradise within the city. Imagine barbecues, gardening, or simply relaxing in your own green oasis. Having your private outdoor space allows you to enjoy the best of both urban and suburban living.

4. Community Connection

The Bronx is renowned for its strong sense of community, and single family homes here allow you to be an integral part of it. You'll know your neighbors, become involved in local events, and create lasting connections. The sense of belonging is one of the many reasons people love living in the Bronx.

5. Property values rose approximately 6-8% every year since 2016

One more compelling reason to consider purchasing a single family home in the Bronx is the consistent increase in property values. Data reveals that property values have been on the rise, increasing approximately 6-8% annually since 2016. This steady appreciation not only enhances your investment but also reflects the growing demand for homes in the Bronx.

6. Historic Beauty

Many single family homes in the Bronx are rich in history and architectural charm. You'll find beautiful brownstones, elegant townhouses, and historic homes with unique character. These properties offer a living experience steeped in the borough's rich past.

7. Diverse Neighborhoods

The Bronx is incredibly diverse, and single family homes can be found in various neighborhoods, each with its unique character and culture. Whether you prefer the suburban charm of Riverdale, the historic elegance of Belmont, or the lively atmosphere of Morris Park, there's a Bronx neighborhood that's perfect for you.

8. Homes selling have gotten close to 100% of the list price for past 2 years

Another significant trend in the Bronx's real estate market is the fact that homes have been consistently selling close to 100% of the list price for the past two years. To be specific, according the OneKey MLS data, in 2021 Bronx properties has sold for 99% of their list price and for 99.1% in 2022. This indicates that the market is robust, with buyers willing to pay prices that align closely with the initial listing, a positive sign for sellers and a testament to the desirability of Bronx properties.

9. Price of property in the Bronx has gone up over 70% since 2013 to 2022

For those considering an investment in the Bronx, here's an exciting piece of data: the price of property in the Bronx has surged over 70% from 2013 to 2022. This remarkable appreciation reflects the borough's transformation into a thriving real estate market, making it an attractive option for both homeowners and investors. For this interested in the exact numbers, In 2013 the median sales price of a Bronx single family home was only $350,000. Compared to 2022 sale price of $620,000!

10. Diverse Investment Options

Whether you're looking for a turnkey home, a fixer-upper, or a property with a large double lot, the Bronx offers a diverse range of purchase options in single family homes. From traditional ranch style homes to modern residences, you'll find opportunities to suit your purchase goals. The flexibility of choices makes the Bronx an attractive market for seasoned and first time home buyers.

Conclusion: Making Your Dream a Reality

In the Bronx, single family homes offer the space, outdoor living, community, historic beauty, educational opportunities, and diverse neighborhoods that make the dream of homeownership truly come alive. As a dedicated realtor, I'm here to help you find the perfect single family home that aligns with your lifestyle, preferences, and budget.

Whether you're a first-time homebuyer, a growing family, or simply someone who wants to experience the joys of Bronx living, these homes have something special to offer. Get in touch with me today, and let's start the journey to finding your ideal single family home in the Bronx—a place where your dreams can become a reality.