Is East Bloomfield, NY 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, East Bloomfield was a Seller's Market.
Key Takeaway
East 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 East Bloomfield, NY
How much do homes in East Bloomfield, NY cost?
Median Sold Price
$289,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Bloomfield have sold for 16% more than they did a year ago.
Summary: The median home sold price in East Bloomfield was $289,900 in April 2024, up 16% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | $110K | -29.1% |
| 3 Bedrooms | $269.5K | $240K | -10.9% |
| 4 Bedrooms | $217.8K | $313.5K | +43.9% |
| 5+ Bedrooms | $201K | $625K | +210.9% |
Summary: East Bloomfield 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 decreased by 29.1%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 43.9%, and 5+ bedroom homes increased by 210.9%.
Median Sold Price Compared To Nearby Cities
| East Bloomfield | $250K | $289.9K | +16.0% |
| Bristol | $250K | $282.5K | +13.0% |
| Bloomfield | $257K | $255K | -0.8% |
Housing Supply in East Bloomfield, NY
How many homes are available in East Bloomfield, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Summary: The East Bloomfield real estate market had 6 homes for sale in April 2024, a 100.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Bloomfield 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Bloomfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in East Bloomfield in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Bloomfield, NY
How long does it take to sell a home in East Bloomfield, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 12 Days | -76.5% |
Summary: Homes in East Bloomfield had an average of 12 days on market in Apr 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in East Bloomfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
