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

$258,000

$125/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$59,050(+29.7%)

Key Takeaway

Homes in Bloomfield have sold for 29.7% more than they did a month ago.

Summary: The median home sold price in Bloomfield was $258,000 in November 2024, up 29.7% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $201.4K-
N/A
3 $151.9K$280K
+84.3%
4 $470K$236K
-49.8%
5+ --
N/A

Summary: Bloomfield housing prices by bedroom type for November 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 increased by 84.3%, 4 bedroom homes decreased by 49.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Richland Township
+170.2%
Bloomfield
+29.7%

Housing Supply in Bloomfield, IN

How many homes are available in Bloomfield, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3534-2.9%

Summary: The Bloomfield real estate market had 34 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 106
-40.0%
3 1516
+6.7%
4 78
+14.3%
5+ 23
+50.0%

Summary: The Bloomfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 7 homes were sold or pending in Bloomfield in November 2024, down by 12.5% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Oct 2024Nov 2024CHANGE
10 Days1 Day-90.0%

Summary: Homes in Bloomfield had an average of 1 days on market in Nov 2024, down by 90% 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 November 2024, 7 homes were sold in Bloomfield; 14% 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 21 Days Ago

Newest Listings in Bloomfield, IN

Nearby Markets to Bloomfield, IN