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.
Key Takeaway
Bloomfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Bloomfield Charter Township have sold for 18.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Bloomfield Charter Township, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Bloomfield Charter Township are selling fast, if you're buying plan to act quickly.
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.
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