Is 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, Bloomfield Charter Township has remained a Seller's Market.
Housing Prices in Bloomfield Charter Township, MI
How much do homes in Bloomfield Charter Township, MI cost?
Median Sold Price
$610,666
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomfield Charter Township was $610,666 in April 2024, up 18.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.9K | $122.5K | +10.5% |
2 Bedrooms | $235K | $212.5K | -9.6% |
3 Bedrooms | $440K | $510K | +15.9% |
4 Bedrooms | $613.5K | $691K | +12.6% |
5+ Bedrooms | $1.1M | $925K | -20.6% |
Summary: 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 10.5%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
Birmingham | $619.4K | $742.8K | +19.9% |
Bloomfield Hills | $520K | $617.9K | +18.8% |
Bloomfield Charter Township | $514.9K | $610.6K | +18.6% |
Southfield Township | $269.2K | $260.7K | -3.1% |
Franklin | $846.5K | $673.5K | -20.4% |
Housing Supply in Bloomfield Charter Township, MI
How many homes are available in Bloomfield Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 180 | +13.9% |
Summary: The Bloomfield Charter Township real estate market had 180 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 1 | -83.3% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 67 | 86 | +28.4% |
5+ Bedrooms | 25 | 31 | +24.0% |
Summary: The Bloomfield Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 83.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes increased by 24%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 54 | +14.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Bloomfield Charter Township in April 2024, up by 14.9% month-over-month. Of the 54 sold homes, 48% were sold under asking, 7% were sold at asking, and 44% were sold over asking.
Days on Market for Bloomfield Charter Township, MI
How long does it take to sell a home in Bloomfield Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
130 Days | 26 Days | -79.7% |
Summary: Homes in Bloomfield Charter Township had an average of 26 days on market in Apr 2024, down by 79.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Bloomfield Charter Township; 80% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.