Is Bloomington, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Bloomington was a Buyer's Market.

Key Takeaway

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

Housing Prices in Bloomington, CA

How much do homes in Bloomington, CA cost?

Median Sold Price

$551,000

$520/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,495(+1.6%)

Key Takeaway

Homes in Bloomington have sold for 1.6% more than they did a month ago.

Summary: The median home sold price in Bloomington was $551,000 in October 2024, up 1.6% from last month, and the median price per square foot was $520.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$522.5K
N/A
3 $542.5K$536K
-1.2%
4 -$915K
N/A
5+ -$535K
N/A

Summary: Bloomington housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bloomington, CA

How many homes are available in Bloomington, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2932+10.3%

Summary: The Bloomington real estate market had 32 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1010
0.0%
4 1315
+15.4%
5+ 33
0.0%

Summary: The Bloomington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Bloomington in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Bloomington, CA

How long does it take to sell a home in Bloomington, CA?

Average Sale Time

Sep 2024Oct 2024CHANGE
20 Days14 Days-28.5%

Summary: Homes in Bloomington had an average of 14 days on market in Oct 2024, down by 28.5% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bloomington are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Bloomington; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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