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 June 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
$587,971
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bloomfield Charter Township was $587,971 in June 2024, up 12.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.4K | $123K | +11.4% |
2 Bedrooms | $225.9K | $228.9K | +1.3% |
3 Bedrooms | $444.9K | $495K | +11.2% |
4 Bedrooms | $629.6K | $701.7K | +11.5% |
5+ Bedrooms | $1.0M | $925K | -14.3% |
Summary: Bloomfield Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Cities
Bloomfield Hills | $538.7K | $612.3K | +13.7% |
Bloomfield Charter Township | $523.4K | $587.9K | +12.3% |
Southfield Township | $250K | $266K | +6.4% |
Birmingham | $697.2K | $720.2K | +3.3% |
Franklin | $859K | $727K | -15.4% |
Housing Supply in Bloomfield Charter Township, MI
How many homes are available in Bloomfield Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
191 | 234 | +22.5% |
Summary: The Bloomfield Charter Township real estate market had 234 homes for sale in June 2024, a 22.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 59 | 53 | -10.2% |
4 Bedrooms | 76 | 99 | +30.3% |
5+ Bedrooms | 35 | 58 | +65.7% |
Summary: The Bloomfield Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 65.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 61 | +3.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Bloomfield Charter Township in June 2024, up by 3.4% month-over-month. Of the 61 sold homes, 52% were sold under asking, 10% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 15 Days | -41.5% |
Summary: Homes in Bloomfield Charter Township had an average of 15 days on market in Jun 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 61 homes were sold in Bloomfield Charter Township; 87% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.