Is West Bloomfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Bloomfield Charter Township has remained a Seller's Market.
Housing Prices in West Bloomfield Charter Township, MI
How much do homes in West Bloomfield Charter Township, MI cost?
Median Sold Price
$400,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Bloomfield Charter Township was $400,000 in April 2024, up 1.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $93.6K | +7.0% |
2 Bedrooms | $260K | $250K | -3.8% |
3 Bedrooms | $340K | $350K | +2.9% |
4 Bedrooms | $461K | $480K | +4.1% |
5+ Bedrooms | $649.2K | $650K | 0.1% |
Summary: West Bloomfield Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
West Bloomfield Charter Township | $395K | $400K | +1.3% |
West Bloomfield | $400K | $400.6K | 0.2% |
Keego Harbor | $235K | $194K | -17.4% |
Housing Supply in West Bloomfield Charter Township, MI
How many homes are available in West Bloomfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
174 | 203 | +16.7% |
Summary: The West Bloomfield Charter Township real estate market had 203 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 38 | 43 | +13.2% |
3 Bedrooms | 49 | 67 | +36.7% |
4 Bedrooms | 66 | 66 | 0.0% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The West Bloomfield Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 36.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 59 | +1.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in West Bloomfield Charter Township in April 2024, up by 1.7% month-over-month. Of the 59 sold homes, 49% were sold under asking, 15% were sold at asking, and 36% were sold over asking.
Days on Market for West Bloomfield Charter Township, MI
How long does it take to sell a home in West Bloomfield Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 33 Days | -30.1% |
Summary: Homes in West Bloomfield Charter Township had an average of 33 days on market in Apr 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in West Bloomfield Charter Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.