Allerton currently tilts toward sellers, with the market gauge at 25 and inventory tighter than in the broader Bronx. Months of supply is at 4.9 in this rolling three-month view, compared with 6.7 for the borough overall. Fewer active listings than a year ago and steady prices help explain this seller-leaning balance.
Pricing has been relatively stable year over year, with the typical home value up slightly while the median list price has inched higher as well. At the same time, the share of homes selling above list has risen compared with last year, and the average sale-to-list ratio is close to full asking. These trends suggest buyers are still willing to pay near list prices when a home is well positioned, even as bidding wars appear less intense than a few quarters ago.
On the activity side, homes sold and pending sales are both up sharply from a year earlier, even though new listings and overall active inventory have declined. Median days on market has lengthened over the past year in this three-month window, but months of supply has fallen significantly from prior highs, indicating that supply tightened faster than demand cooled. Compared with the Bronx as a whole, Allerton shows fewer listings and slightly lower prices, which can appeal to buyers while still favoring prepared sellers. Both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these shifting dynamics.
