Is Bloomingdale Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bloomingdale Township was a Seller's Market.
Key Takeaway
Bloomingdale Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bloomingdale Township, MI
How much do homes in Bloomingdale Township, MI cost?
Median Sold Price
$220,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bloomingdale Township have sold for 46.8% more than they did a year ago.
Summary: The median home sold price in Bloomingdale Township was $220,000 in March 2024, up 46.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $121K | $205K | +69.4% |
| 3 Bedrooms | $152.4K | $194.9K | +27.8% |
| 4 Bedrooms | $240K | $207.2K | -13.6% |
| 5+ Bedrooms | $405K | $315K | -22.2% |
Summary: Bloomingdale Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 22.2%.
Median Sold Price Compared To Nearby Cities
| Bloomingdale Township | $149.9K | $220K | +46.8% |
| Bloomingdale | $139.9K | $199.9K | +42.9% |
| Gobles | $195.5K | $251K | +28.4% |
| Cheshire Township | $204K | $197K | -3.4% |
Housing Supply in Bloomingdale Township, MI
How many homes are available in Bloomingdale Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Bloomingdale Township real estate market had 12 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bloomingdale Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomingdale Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Bloomingdale Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 136 Days | 16 Days | -88.2% |
Summary: Homes in Bloomingdale Township had an average of 16 days on market in Mar 2024, down by 88.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomingdale Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Bloomingdale Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
