Is Bloomfield Charter Township, MI 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, Bloomfield Charter Township has remained a Seller's Market.
Housing Prices in Bloomfield Charter Township, MI
How much do homes in Bloomfield Charter Township, MI cost?
Median Sold Price
$590,750
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bloomfield Charter Township was $590,750 in March 2024, up 13.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $121K | +5.2% |
2 Bedrooms | $236.5K | $212.5K | -10.1% |
3 Bedrooms | $445K | $510K | +14.6% |
4 Bedrooms | $619K | $680K | +9.9% |
5+ Bedrooms | $1.1M | $922.5K | -22.5% |
Summary: Bloomfield Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 22.5%.
Median Sold Price Compared To Nearby Cities
Birmingham | $618.8K | $730.3K | +18.0% |
Bloomfield Hills | $520K | $599.2K | +15.2% |
Bloomfield Charter Township | $520K | $590.7K | +13.6% |
Southfield Township | $275K | $259.9K | -5.5% |
Franklin | $842K | $673.5K | -20.0% |
Housing Supply in Bloomfield Charter Township, MI
How many homes are available in Bloomfield Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 156 | +19.1% |
Summary: The Bloomfield Charter Township real estate market had 156 homes for sale in March 2024, a 19.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 52 | 65 | +25.0% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Bloomfield Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 42 | +40.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Bloomfield Charter Township in March 2024, up by 40.0% month-over-month. Of the 42 sold homes, 45% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Bloomfield Charter Township, MI
How long does it take to sell a home in Bloomfield Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
139 Days | 26 Days | -80.9% |
Summary: Homes in Bloomfield Charter Township had an average of 26 days on market in Mar 2024, down by 80.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in Bloomfield Charter Township; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.