Is Bloomingdale, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bloomingdale has remained a Seller's Market.
Key Takeaway
Bloomingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomingdale, GA
How much do homes in Bloomingdale, GA cost?
Median Sold Price
$322,490
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bloomingdale have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Bloomingdale was $322,490 in March 2024, up 18.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $290K | +13.7% |
| 3 Bedrooms | $239.9K | $305K | +27.1% |
| 4 Bedrooms | $348.9K | $345K | -1.1% |
| 5+ Bedrooms | $404K | $385.9K | -4.5% |
Summary: Bloomingdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 27.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Savannah | $295.7K | $350.3K | +18.4% |
| Bloomingdale | $272.5K | $322.4K | +18.3% |
| Pooler-Bloomingdale | $308.9K | $345.2K | +11.8% |
| Pooler | $330K | $364.9K | +10.6% |
Housing Supply in Bloomingdale, GA
How many homes are available in Bloomingdale, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 36 | -23.4% |
Summary: The Bloomingdale real estate market had 36 homes for sale in March 2024, a 23.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 19 | 12 | -36.8% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Bloomingdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 36.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomingdale, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Bloomingdale in March 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Bloomingdale, GA
How long does it take to sell a home in Bloomingdale, GA?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bloomingdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Bloomingdale; 27% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
