$9,797 Closing Credit*
$825,000
2,054 SqFt
3 Beds
•2 Full Baths, 1 Partial
Nancy Spector, Listing Office: Howard Hanna Birmingham
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 September 2023
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.
Housing Prices in Bloomfield Charter Township, MI
How much do homes in Bloomfield Charter Township, MI cost?
Median Sold Price
$600,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$39,605(+7.1%)
Key Takeaway
Homes in Bloomfield Charter Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Bloomfield Charter Township was $600,000 in September 2024, up 7.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $130K | +8.3% |
| 2 Bedrooms | $230.9K | $245K | +6.1% |
| 3 Bedrooms | $478K | $499K | +4.4% |
| 4 Bedrooms | $660K | $700K | +6.1% |
| 5+ Bedrooms | $934K | $912.5K | -2.3% |
Summary: Bloomfield Charter Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Hills | $568.8K | $624.9K | +9.9% |
| Birmingham | $739.5K | $800K | +8.2% |
| Southfield Township | $251K | $270.1K | +7.6% |
| Bloomfield Charter Township | $560.3K | $600K | +7.1% |
Housing Supply in Bloomfield Charter Township, MI
How many homes are available in Bloomfield Charter Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 165 | 206 | +24.8% |
Summary: The Bloomfield Charter Township real estate market had 206 homes for sale in September 2024, a 24.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 19 | 31 | +63.2% |
| 3 Bedrooms | 43 | 47 | +9.3% |
| 4 Bedrooms | 63 | 84 | +33.3% |
| 5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The Bloomfield Charter Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 63.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 37 | -21.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield Charter Township, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Bloomfield Charter Township in September 2024, down by 21.3% month-over-month. Of the 37 sold homes, 57% were sold under asking, 19% were sold at asking, and 24% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +59.8% |
Summary: Homes in Bloomfield Charter Township had an average of 39 days on market in Sep 2024, up by 59.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 37 homes were sold in Bloomfield Charter Township; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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