Is Bloomfield, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bloomfield has remained a Seller's Market.
Key Takeaway
Bloomfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomfield, CT
How much do homes in Bloomfield, CT cost?
Median Sold Price
$330,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bloomfield have sold for 10% more than they did a year ago.
Summary: The median home sold price in Bloomfield was $330,000 in May 2024, up 10% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $152K | +78.8% |
| 2 Bedrooms | $207K | $268K | +29.5% |
| 3 Bedrooms | $315K | $321K | +1.9% |
| 4 Bedrooms | $372.5K | $350K | -6.0% |
| 5+ Bedrooms | $300K | $400K | +33.3% |
Summary: Bloomfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.8%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| West Hartford | $391.7K | $450K | +14.9% |
| Simsbury | $400K | $450K | +12.5% |
| Bloomfield | $300K | $330K | +10.0% |
| Windsor | $305K | $330K | +8.2% |
Housing Supply in Bloomfield, CT
How many homes are available in Bloomfield, CT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Bloomfield real estate market had 59 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bloomfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Bloomfield in May 2024, down by 33.3% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% were sold over asking.
Days on Market for Bloomfield, CT
We’re sorry, we don't have information for this market at the moment
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