$230,000
23.30 Acres
Land
Barbara Strong, Listing Office: Lakes & Country Real Estate Inc
Is Bloomingdale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bloomingdale was a Neutral Market.
Key Takeaway
Bloomingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomingdale, MI
How much do homes in Bloomingdale, MI cost?
Median Sold Price
$195,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100(+0.1%)
Key Takeaway
The sold price of homes in Bloomingdale has remained the same since last year.
Summary: The median home sold price in Bloomingdale was $195,000 in November 2024, up 0.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $205K | N/A |
| 2 Bedrooms | $165.4K | $274.9K | +66.2% |
| 3 Bedrooms | $190K | $168.9K | -11.1% |
| 4 Bedrooms | $260K | $213.7K | -17.8% |
| 5+ Bedrooms | $330K | $195K | -40.9% |
Summary: Bloomingdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 40.9%.
Median Sold Price Compared To Nearby Cities
| Bloomingdale Township | $200K | $208K | +4.0% |
| Bloomingdale | $194.9K | $195K | 0.1% |
Housing Supply in Bloomingdale, MI
How many homes are available in Bloomingdale, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Bloomingdale real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Bloomingdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomingdale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bloomingdale in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bloomingdale, MI
How long does it take to sell a home in Bloomingdale, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 39 Days | +1200.0% |
Summary: Homes in Bloomingdale had an average of 39 days on market in Nov 2024, up by 1200% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomingdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Bloomingdale; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
