Is Bloomingdale, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale is a 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

+$49,990(+18.3%)

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $255K$290K
+13.7%
3 $239.9K$305K
+27.1%
4 $348.9K$345K
-1.1%
5+ $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
+18.4%
Bloomingdale
+18.3%
Pooler-Bloomingdale
+11.8%
Pooler
+10.6%

Housing Supply in Bloomingdale, GA

How many homes are available in Bloomingdale, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4736-23.4%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1815
-16.7%
4 1912
-36.8%
5+ 86
-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 2024Mar 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Bloomingdale, GA

Nearby Markets to Bloomingdale, GA

What housing markets are near Bloomingdale, GA?