$7,113 Closing Credit*
$599,000
3,315 SqFt
5 Beds
•2 Full Baths, 2 Partial
Jee Lee, Listing Office: HOA Professional Group, LLC
Is Bloomfield Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bloomfield Charter Township has remained a Seller's Market.
Key Takeaway
Bloomfield Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomfield Charter Township, MI
How much do homes in Bloomfield Charter Township, MI cost?
Median Sold Price
$600,166
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,385(+8.4%)
Key Takeaway
Homes in Bloomfield Charter Township have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Bloomfield Charter Township was $600,166 in November 2024, up 8.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116K | $138.5K | +19.4% |
| 2 Bedrooms | $220K | $242.5K | +10.2% |
| 3 Bedrooms | $485K | $506.7K | +4.5% |
| 4 Bedrooms | $660K | $705.8K | +6.9% |
| 5+ Bedrooms | $925K | $902.2K | -2.5% |
Summary: Bloomfield Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Birmingham | $720.1K | $850K | +18.0% |
| Bloomfield Charter Township | $553.7K | $600.1K | +8.4% |
| Bloomfield Hills | $574.9K | $621.6K | +8.1% |
| Southfield Township | $254.8K | $270.2K | +6.0% |
Housing Supply in Bloomfield Charter Township, MI
How many homes are available in Bloomfield Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 197 | 191 | -3.0% |
Summary: The Bloomfield Charter Township real estate market had 191 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 71 | 70 | -1.4% |
| 5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The Bloomfield Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 40 | -31.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield Charter Township, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Bloomfield Charter Township in November 2024, down by 31.0% month-over-month. Of the 40 sold homes, 48% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Bloomfield Charter Township, MI
How long does it take to sell a home in Bloomfield Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -18.1% |
Summary: Homes in Bloomfield Charter Township had an average of 23 days on market in Nov 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Bloomfield Charter Township; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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