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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Bloomingdale Township was a Buyer's Market.

Key Takeaway

Bloomingdale Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bloomingdale Township, MI

How much do homes in Bloomingdale Township, MI cost?

Median Sold Price

$208,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,000(+9.5%)

Key Takeaway

Homes in Bloomingdale Township have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Bloomingdale Township was $208,000 in September 2024, up 9.5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$38K
N/A
2 $143K$227.5K
+59.1%
3 $190K$175.4K
-7.7%
4 $205K$265K
+29.3%
5+ $367.5K$195K
-46.9%

Summary: Bloomingdale Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes decreased by 46.9%.

Median Sold Price Compared To Nearby Cities

Columbia Township
+15.0%
Bloomingdale Township
+9.5%
Gobles
+4.9%

Housing Supply in Bloomingdale Township, MI

How many homes are available in Bloomingdale Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2518-28.0%

Summary: The Bloomingdale Township real estate market had 18 homes for sale in September 2024, a 28.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 87
-12.5%
4 96
-33.3%
5+ 20
-100.0%

Summary: The Bloomingdale 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 decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Bloomingdale Township in September 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Bloomingdale Township, MI

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

Average Sale Time

Sep 2023Sep 2024CHANGE
24 Days29 Days+22.2%

Summary: Homes in Bloomingdale Township had an average of 29 days on market in Sep 2024, up by 22.2% compared to last year.

Breakdown of Home Sale Times

2 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

Many homes in Bloomingdale Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Bloomingdale Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Bloomingdale Township, MI

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