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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blissfield is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Blissfield has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Blissfield, MI

How much do homes in Blissfield, MI cost?

Median Sold Price

$181,625

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,625(+3.8%)

Key Takeaway

Homes in Blissfield have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Blissfield was $181,625 in October 2024, up 3.8% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$109K
+45.3%
2 $126.4K$134.5K
+6.4%
3 $185K$195K
+5.4%
4 $234.5K$210K
-10.4%
5+ $202.5K$307.4K
+51.8%

Summary: Blissfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 51.8%.

Median Sold Price Compared To Nearby Cities

Palmyra Township
+12.1%
Blissfield
+3.8%
Blissfield Township
+3.8%

Housing Supply in Blissfield, MI

How many homes are available in Blissfield, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2016-20.0%

Summary: The Blissfield real estate market had 16 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 87
-12.5%
4 85
-37.5%
5+ 22
0.0%

Summary: The Blissfield 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 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 may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Blissfield in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
35 Days73 Days+107.0%

Summary: Homes in Blissfield had an average of 73 days on market in Oct 2024, up by 107% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Blissfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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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