Allerton currently leans toward sellers, with the market gauge signaling a seller’s market. Months of supply sit at 4.3 in this rolling three-month view, noticeably tighter than the 7.4 months seen across The Bronx. A typical home value around the mid-$500,000s to low-$600,000s range helps define the price landscape for this area.
Looking at trends over the past year, typical home values in Allerton are down compared with a year ago, even as The Bronx as a whole has seen prices rise. Despite that dip, buyer activity has strengthened, with homes sold up more than 40 percent year over year and pending sales up about 19 percent in this rolling window. New listings, on the other hand, have fallen more than 20 percent from last year, limiting options for shoppers and supporting sellers’ negotiating power.
Homes are taking longer to sell than they did a year ago, with the median days on market now about two months in this rolling period, even after a sharp month-to-month drop. Still, pricing is firm, with the average sale-to-list ratio near 99 percent and about one-third of homes selling above asking. These mixed signals mean local knowledge is crucial, and Agent Pronto can connect both buyers and sellers with an agent who understands how to navigate Allerton’s conditions today.
