Is Bloomfield, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomfield is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bloomfield has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bloomfield, IN

How much do homes in Bloomfield, IN cost?

Median Sold Price

$198,950

$136/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$153,550(-43.6%)

Key Takeaway

Homes in Bloomfield have sold for 43.6% less than they did a month ago.

Summary: The median home sold price in Bloomfield was $198,950 in October 2024, down 43.6% from last month, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $350K$201.4K
-42.5%
3 $130K$151.9K
+16.8%
4 $355K$470K
+32.4%
5+ $562.5K-
N/A

Summary: Bloomfield 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 decreased by 42.5%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland Township
+19.2%
Bloomfield
-43.6%

Housing Supply in Bloomfield, IN

How many homes are available in Bloomfield, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2933+13.8%

Summary: The Bloomfield real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 710
+42.9%
3 1114
+27.3%
4 66
0.0%
5+ 42
-50.0%

Summary: The Bloomfield 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 42.9%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Bloomfield in October 2024, up by 50.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Bloomfield, IN

How long does it take to sell a home in Bloomfield, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
13 Days10 Days-23.1%

Summary: Homes in Bloomfield had an average of 10 days on market in Oct 2024, down by 23.1% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Bloomfield; 11% 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 4 Days Ago

Newest Listings in Bloomfield, IN

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