Is Bloomingdale Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomingdale Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bloomingdale Township, MI

How much do homes in Bloomingdale Township, MI cost?

Median Sold Price

$209,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+7.2%)

Key Takeaway

Homes in Bloomingdale Township have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Bloomingdale Township was $209,000 in October 2024, up 7.2% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$205K
N/A
2 $143K$247K
+72.7%
3 $192.4K$175.4K
-8.8%
4 $240K$254.7K
+6.1%
5+ $367.5K$272.5K
-25.9%

Summary: Bloomingdale Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 25.9%.

Median Sold Price Compared To Nearby Cities

Columbia Township
+23.4%
Bloomingdale
+7.9%
Bloomingdale Township
+7.2%
Gobles
-4.2%

Housing Supply in Bloomingdale Township, MI

How many homes are available in Bloomingdale Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1817-5.6%

Summary: The Bloomingdale Township real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 32
-33.3%
3 77
0.0%
4 55
0.0%
5+ 11
0.0%

Summary: The Bloomingdale Township 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomingdale Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Bloomingdale Township in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Bloomingdale Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days21 Days-50.0%

Summary: Homes in Bloomingdale Township had an average of 21 days on market in Oct 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

5 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

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

Summary: During October 2024, 6 homes were sold in Bloomingdale Township; 83% of homes were sold within 30 days, 17% 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 20 Days Ago

Newest Listings in Bloomingdale Township, MI

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