$3,499,000
5,714 SqFt
4 Beds
•3 Full Baths, 1 Partial
Christian J Grothe, Dimitrios Kosmidis, Listing Office: Max Broock, REALTORS®-Birmingham
Is Bloomfield Hills, 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 Hills has remained a Seller's Market.
Key Takeaway
Bloomfield Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomfield Hills, MI
How much do homes in Bloomfield Hills, MI cost?
Median Sold Price
$621,633
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,680(+8.1%)
Key Takeaway
Homes in Bloomfield Hills have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Bloomfield Hills was $621,633 in November 2024, up 8.1% 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 | $118K | $138.5K | +17.4% |
| 2 Bedrooms | $228.4K | $257.5K | +12.7% |
| 3 Bedrooms | $465.2K | $502.5K | +8.0% |
| 4 Bedrooms | $675K | $730K | +8.1% |
| 5+ Bedrooms | $1.0M | $1.0M | +8.1% |
Summary: Bloomfield Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Charter Township | $553.7K | $600.1K | +8.4% |
| Bloomfield Hills | $574.9K | $621.6K | +8.1% |
Housing Supply in Bloomfield Hills, MI
How many homes are available in Bloomfield Hills, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 224 | 221 | -1.3% |
Summary: The Bloomfield Hills real estate market had 221 homes for sale in November 2024, a 1.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 30 | 28 | -6.7% |
| 3 Bedrooms | 60 | 56 | -6.7% |
| 4 Bedrooms | 81 | 82 | +1.2% |
| 5+ Bedrooms | 50 | 53 | +6.0% |
Summary: The Bloomfield Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 45 | -26.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield Hills, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Bloomfield Hills in November 2024, down by 26.2% month-over-month. Of the 45 sold homes, 49% were sold under asking, 11% were sold at asking, and 40% were sold over asking.
Days on Market for Bloomfield Hills, MI
How long does it take to sell a home in Bloomfield Hills, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 24 Days | -3.6% |
Summary: Homes in Bloomfield Hills had an average of 24 days on market in Nov 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in Bloomfield Hills; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.