Is Blissfield, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blissfield is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Blissfield was a Seller's Market.

Key Takeaway

Blissfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Blissfield, MI

How much do homes in Blissfield, MI cost?

Median Sold Price

$189,125

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,125(+11.3%)

Key Takeaway

Homes in Blissfield have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Blissfield was $189,125 in November 2024, up 11.3% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75K$109K
+45.3%
2 $99.9K$134.5K
+34.6%
3 $180K$195K
+8.3%
4 $234.5K$210K
-10.4%
5+ $198.6K$300K
+51.1%

Summary: Blissfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.3%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 51.1%.

Median Sold Price Compared To Nearby Cities

Blissfield
+11.3%
Blissfield Township
+11.3%

Housing Supply in Blissfield, MI

How many homes are available in Blissfield, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1714-17.6%

Summary: The Blissfield real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 76
-14.3%
4 54
-20.0%
5+ 22
0.0%

Summary: The Blissfield 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 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blissfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Blissfield in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Blissfield, MI

How long does it take to sell a home in Blissfield, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days35 Days+11.7%

Summary: Homes in Blissfield had an average of 35 days on market in Nov 2024, up by 11.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Blissfield has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Blissfield; 0% of homes were sold within 30 days, 100% 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

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