Is Bloomfield Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomfield Charter Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Bloomfield Charter Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Bloomfield Charter Township, MI cost?

Median Sold Price

$520,171

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,551(+3.3%)

Key Takeaway

Homes in Bloomfield Charter Township have sold for 3.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $90K$122.5K
+36.1%
2 $215K$272K
+26.5%
3 $425K$450K
+5.9%
4 $591.5K$603.8K
+2.1%
5+ $995K$927.5K
-6.8%

Median Sold Price Compared To Nearby Cities

Franklin
+32.6%
Southfield Township
+12.4%
Bloomfield Hills
+6.6%
Bloomfield Charter Township
+3.3%
Birmingham
-3.0%

How many homes are available in Bloomfield Charter Township, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
224231+3.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 33
0.0%
2 3031
+3.3%
3 5859
+1.7%
4 9389
-4.3%
5+ 4049
+22.5%

Number of Homes Sold

Oct 2022Nov 2022%
5748-15.8%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomfield Charter Township, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
1 Day60 Days+5900.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bloomfield Charter Township has remained consistent over time.

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

About Bloomfield Charter Township, MI

Number of homes for sale in Bloomfield Charter Township, MI real estate market have reached 231. Between October 2022 and November 2022, Bloomfield Charter Township, MI real estate market has seen increase in the number of listings by 3.1%. While the average time on the market in November 2022 was 60 days, the median list price was $520,171. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 36.1%, 2 bedrooms properties became 26.5% more expensive, the cost of 3 bedrooms properties went up by 5.9%, 4 bedrooms properties prices increased by 2.1%, prices of 5 bedrooms properties decreased by 6.8%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 3.3%, the quantity of 3 bedrooms homes went up by 1.7%, volume of 4 bedrooms homes went down by 4.3%, 5 bedrooms homes became 22.5% more available. In November 2022, from all listings sold in Bloomfield Charter Township, MI there were more than 7 sold above asking price, over 33 sold below and more than 8 were sold right at the asked price.

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