Is Blissfield, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blissfield is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Blissfield was a Neutral Market.

Key Takeaway

Blissfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blissfield, MI

How much do homes in Blissfield, MI cost?

Median Sold Price

$135,900

$138/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$91,600(-40.3%)

Key Takeaway

Homes in Blissfield have sold for 40.3% less than they did a month ago.

Summary: The median home sold price in Blissfield was $135,900 in March 2024, down 40.3% from last month, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 -$109K
N/A
2 -$80K
N/A
3 $227.5K$183.2K
-19.5%
4 --
N/A
5+ --
N/A

Summary: Blissfield housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Blissfield
-40.3%
Blissfield Township
-40.3%

Housing Supply in Blissfield, MI

How many homes are available in Blissfield, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1316+23.1%

Summary: The Blissfield real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 88
0.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Blissfield 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 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blissfield, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Blissfield in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Blissfield, MI

How long does it take to sell a home in Blissfield, MI?

Average Sale Time

Feb 2024Mar 2024CHANGE
89 Days52 Days-40.6%

Summary: Homes in Blissfield had an average of 52 days on market in Mar 2024, down by 40.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Blissfield has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Blissfield; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 25 Days Ago

Newest Listings in Blissfield, MI

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