Is Bloomfield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bloomfield was a Seller's Market.
Key Takeaway
Bloomfield 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 Bloomfield, PA
How much do homes in Bloomfield, PA cost?
Median Sold Price
$320,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bloomfield have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Bloomfield was $320,000 in April 2024, up 3.2% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $280K | -3.4% |
| 2 Bedrooms | $257.5K | $293.5K | +14.0% |
| 3 Bedrooms | $305K | $327.5K | +7.4% |
| 4 Bedrooms | $415K | $497.5K | +19.9% |
| 5+ Bedrooms | $520K | $452.5K | -13.0% |
Summary: Bloomfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
| Garfield | $215.5K | $230K | +6.7% |
| Bloomfield | $310K | $320K | +3.2% |
| Lower Lawrenceville | $425K | $407.5K | -4.1% |
| Shadyside | $431.5K | $363.7K | -15.7% |
Housing Supply in Bloomfield, PA
How many homes are available in Bloomfield, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Summary: The Bloomfield real estate market had 31 homes for sale in April 2024, a 40.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bloomfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bloomfield in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Bloomfield, PA
How long does it take to sell a home in Bloomfield, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 53 Days | +348.3% |
Summary: Homes in Bloomfield had an average of 53 days on market in Apr 2024, up by 348.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Bloomfield; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
