Pelham Bay

The median sale price in Pelham Bay is $639K. Condos sit at a median of $238K and co-ops at $170K. Sale prices are down 1.6% year over year.

No. The median sale price in Pelham Bay is currently 29.8% below the 5-year high recorded in April 2022. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Pelham Bay have a median of 301 days on market. That is 114 days faster than the same point a year ago. Roughly 10.0% of active listings have recorded a price cut, suggesting some negotiating room.

Pelham Bay is broadly balanced right now, with median days on market at 301 days and 10.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Pelham Bay offers both co-ops and condos. Condos are the higher-priced segment at a $238K median, with co-ops at $170K.

Roughly 4 homes change hands each month in Pelham Bay across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Pelham Bay is $3,300/month. Rents are up 11.9% year over year.

Yes. The median asking rent in Pelham Bay is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.

Median asking rent in Pelham Bay has risen 97.0% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Pelham Bay, median sale prices range across Schuylerville at $985K, Country Club at $705K, Co-op City at $700K, Parkchester at $348K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Pelham Bay is served by the Bus service. The commute to Midtown Manhattan runs roughly 158 minutes from Nearest bus stop.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Pelham Bay, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.