Why Live in Pelham Parkway
Pelham Parkway, located in the northern Bronx, is a triangular neighborhood bordered by the Mosholu-Pelham Greenway and the expansive 718-acre Bronx Park. The area features a mix of mid-rise apartment and co-op buildings, with single- and multifamily houses primarily on the east side. The neighborhood is known for its affordable co-op units, with prices starting around $125,000 for one-bedroom units and reaching up to $300,000 for larger units. The architectural styles include plain brick buildings, some with Art Deco details, and a Tudor-inspired development with a private courtyard. Single-family homes, often semi-detached brick colonial revivals, range from $625,000 to $775,000, while multifamily homes can go up to $1.2 million.
Local businesses are concentrated in the northwest corner, particularly along White Plains Road, where a mix of franchises and mom-and-pop stores offer diverse dining options, including fresh tamarind juice, street tacos, and Starbucks. Lydig Avenue, the main east-west road, features a variety of restaurants serving Chinese, Latin American, Italian, Jamaican, and Eastern European cuisines, along with multiple supermarkets.
Pelham Parkway offers ample recreational opportunities with Bronx Park's athletic fields, trails, and picnic areas. The park also houses the Bronx Zoo and the Botanical Garden, featuring a forest, greenhouse, and floral gardens. The Mosholu-Pelham Greenway provides 2 miles of walking paths. The neighborhood is served by the 2 and 5 express trains, allowing residents to reach Midtown Manhattan in about 40 minutes. The area is safer than the national average, making it a practical choice for commuters and families alike.
Home Trends in Pelham Parkway, NY
On average, homes in Pelham Parkway, Bronx sell after 142 days on the market compared to the national average of 70 days. The median sale price for homes in Pelham Parkway, Bronx over the last 12 months is $405,975, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$405,975
Median Single Family Sale Price
$405,975
Median 2 Bedroom Sale Price
$158,000
Average Price Per Sq Ft
$199
Number of Homes for Sale
0
Last 12 months Home Sales
169
Median List Price
$400,275
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
22%