$4,988 Closing Credit*
$420,000
2,585 SqFt
4 Beds
•2 Full Baths, 2 Partial
Lisa Hendricks, Listing Office: Real Estate One
Is West Bloomfield, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Bloomfield has remained a Seller's Market.
Key Takeaway
West Bloomfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Bloomfield, MI
How much do homes in West Bloomfield, MI cost?
Median Sold Price
$414,842
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,842(+3.7%)
Key Takeaway
Homes in West Bloomfield have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in West Bloomfield was $414,842 in October 2024, up 3.7% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.1K | $107.5K | +41.3% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $334.7K | $356.4K | +6.5% |
| 4 Bedrooms | $477.5K | $507.1K | +6.2% |
| 5+ Bedrooms | $650K | $742K | +14.2% |
Summary: West Bloomfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Orchard Lake Village | $950K | $1.1M | +18.5% |
| West Bloomfield | $400K | $414.8K | +3.7% |
| West Bloomfield Charter Township | $400K | $412.1K | +3.0% |
| Sylvan Lake | $348K | $320K | -8.0% |
| Keego Harbor | $225K | $160.4K | -28.7% |
Housing Supply in West Bloomfield, MI
How many homes are available in West Bloomfield, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 279 | 278 | -0.4% |
Summary: The West Bloomfield real estate market had 278 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 48 | 48 | 0.0% |
| 3 Bedrooms | 110 | 92 | -16.4% |
| 4 Bedrooms | 90 | 102 | +13.3% |
| 5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The West Bloomfield 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 16.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 77 | -4.9% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Bloomfield, you may be able to get a good deal. 59.7% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in West Bloomfield in October 2024, down by 4.9% month-over-month. Of the 77 sold homes, 60% were sold under asking, 16% were sold at asking, and 25% were sold over asking.
Days on Market for West Bloomfield, MI
How long does it take to sell a home in West Bloomfield, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +11.2% |
Summary: Homes in West Bloomfield had an average of 31 days on market in Oct 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 77 homes were sold in West Bloomfield; 69% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.