Is Bloomer, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomer is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Bloomer has remained a Seller's Market.

Key Takeaway

Bloomer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bloomer, WI

How much do homes in Bloomer, WI cost?

Median Sold Price

$314,900

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$14,900(+5.0%)

Key Takeaway

Homes in Bloomer have sold for 5% more than they did a year ago.

Summary: The median home sold price in Bloomer was $314,900 in August 2024, up 5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $139K$140K
+0.7%
2 $221K$219.7K
-0.6%
3 $304.4K$295.5K
-2.9%
4 $342.5K$417.5K
+21.9%
5+ $775K$475K
-38.7%

Summary: Bloomer housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 38.7%.

Housing Supply in Bloomer, WI

How many homes are available in Bloomer, WI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2325+8.7%

Summary: The Bloomer real estate market had 25 homes for sale in August 2024, a 8.7% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 99
0.0%
4 25
+150.0%
5+ 22
0.0%

Summary: The Bloomer housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomer, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Bloomer in August 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.

Days on Market for Bloomer, WI

How long does it take to sell a home in Bloomer, WI?

Average Sale Time

Aug 2023Aug 2024CHANGE
118 Days46 Days-60.6%

Summary: Homes in Bloomer had an average of 46 days on market in Aug 2024, down by 60.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Bloomer are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 7 homes were sold in Bloomer; 14% of homes were sold within 30 days, 14% 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 18 Days Ago

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