Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Morrisania, Longwood and Hunts Point Home Prices

The data below shows median sales prices for Morrisania, Longwood and Hunts Point Bronx homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Morrisania, Longwood and Hunts Point homes and apartments was $297,5001. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Morrisania, Longwood and Hunts Point

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 18.42% higher.

The quarterly rolling median price for all homes and apartments in bronx reached its most recent peak of $475,000 in January 2007. At $297,500, the current quarterly rolling median price is now 37.37% lower. When the quarterly rolling median price hit its lowest point (to date) of $222,500 in November 2009 it was 53.16% off the most recent peak. It has since climbed 33.71% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

quarterly median sales prices in Morrisania, Longwood and Hunts Point for houses, co-ops, condos and combined properties

History of Quarterly Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $347,500 § § $202,500 § $297,500 §
November 2010 $395,000 $10,000 § $202,500 § $329,950
October 2010 $339,950 $27,500 § $209,406 § $312,500
September 2010 $329,600 $27,500 § $203,812 § $290,000
August 2010 $257,500 $31,500 § $193,906 § $224,095
July 2010 $274,000 $16,135 § $217,000 § $224,095
June 2010 $320,000 $22,068 § $222,595 § $229,106
May 2010 $325,000 $16,135 § $242,500 § $262,550
April 2010 $318,848 $50,000 § $232,200 § $247,000
March 2010 $305,000 $10,000 § $224,166 § $247,000
February 2010 $310,000 $15,500 § $201,906 § $265,000
January 2010 $290,000 $15,500 § $179,346 $230,000
December 2009 $297,100 $21,000 § $179,346 $251,220

12 Month Rolling Home Price History for Morrisania, Longwood and Hunts Point

The 12 month rolling median price for all homes and apartments in bronx reached its most recent peak of $460,000 in August 2007. At $259,500, the current 12 month rolling median price is now 43.59% lower. When the 12 month rolling median price hit its lowest point (to date) of $231,560 in July 2010 it was 49.66% off the most recent peak. It has since climbed 12.07% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

12 month rolling median sales prices in Morrisania, Longwood and Hunts Point for houses, co-ops, condos and combined properties

History of Rolling Median Sales Prices for the Last Year

Month Houses CO-OPs Condos Combined
December 2010 $319,424 $20,000 § $217,000 § $259,500
November 2010 § § § §
October 2010 $310,000 $20,500 § $216,000 $244,180
September 2010 $310,000 $20,500 § $217,000 $246,000
August 2010 $299,500 $21,000 § $223,120 $237,440
July 2010 $296,050 $18,568 § $223,120 $231,560
June 2010 $299,500 $21,000 § $230,000 $233,646
May 2010 $300,000 $21,000 § $230,282 $245,840
April 2010 $300,000 $40,000 § $230,601 $247,739
March 2010 $300,000 $35,000 § $231,560 $247,739
February 2010 $300,000 $11,250 § $233,250 $246,579
January 2010 $308,000 $11,250 § $233,593 $252,250
December 2009 $308,000 $16,125 § $233,989 $249,500

Morrisania, Longwood and Hunts Point Home Affordability

In 2007, the median household income in Bronx was $32,4092. Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Bronx household, this would have meant that a monthly mortgage payment should not have exceeded $810 using the 2007 average mortgage rate of 6.34%3. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 18.28% of the homes and apartments sold in Morrisania, Longwood and Hunts Point in all of 2007.

1. All sales metrics are calculated from NYC Rolling and NYC Annual property sales. Metrics derived from rolling data are preliminary as some sales take months to report.

2. Affordability data, including median income by borough, are calculated from metrics in the NYC Datamine Economic and Housing Profile datasets.

3. Average mortgage rates are from Freddie Mac Primary Mortgage Market Survey Archives and do not include points.