Is Bloomingdale, 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, Bloomingdale has remained a Seller's Market.
Housing Prices in Bloomingdale, MI
How much do homes in Bloomingdale, MI cost?
Median Sold Price
$235,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bloomingdale was $235,000 in April 2024, up 66.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | - | N/A |
2 Bedrooms | $121K | $247K | +104.1% |
3 Bedrooms | $152.4K | $189.9K | +24.6% |
4 Bedrooms | $35K | $249.5K | +612.9% |
5+ Bedrooms | $405K | $345.5K | -14.7% |
Summary: Bloomingdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 104.1%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 612.9%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
Bloomingdale | $141.5K | $235K | +66.1% |
Bloomingdale Township | $155K | $249.5K | +61.0% |
Housing Supply in Bloomingdale, MI
How many homes are available in Bloomingdale, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Summary: The Bloomingdale real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bloomingdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bloomingdale in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bloomingdale, MI
How long does it take to sell a home in Bloomingdale, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 17 Days | -38.4% |
Summary: Homes in Bloomingdale had an average of 17 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Bloomingdale; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.