$7,005 Closing Credit*
$589,900
3 Beds
•2 Full Baths
Listing Office: AGENCY ON THE AVE
Is Bloomfield Township, NJ 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, Bloomfield Township was a Seller's Market.
Key Takeaway
Bloomfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bloomfield Township, NJ
How much do homes in Bloomfield Township, NJ cost?
Median Sold Price
$588,950
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$73,950(+14.4%)
Key Takeaway
Homes in Bloomfield Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Bloomfield Township was $588,950 in November 2024, up 14.4% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $294K | +27.3% |
| 2 Bedrooms | $352.5K | $405K | +14.9% |
| 3 Bedrooms | $529K | $593K | +12.1% |
| 4 Bedrooms | $555K | $627.5K | +13.1% |
| 5+ Bedrooms | $650K | $635K | -2.3% |
Summary: Bloomfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Nutley | $536K | $621K | +15.9% |
| Glen Ridge | $865K | $999.9K | +15.6% |
| Bloomfield Township | $515K | $588.9K | +14.4% |
| Bloomfield | $515K | $588.9K | +14.4% |
| Belleville | $413.7K | $465K | +12.4% |
Housing Supply in Bloomfield Township, NJ
How many homes are available in Bloomfield Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 112 | +16.7% |
Summary: The Bloomfield Township real estate market had 112 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 39 | 48 | +23.1% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Bloomfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 7 | -70.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Bloomfield Township in November 2024, down by 70.8% month-over-month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for Bloomfield Township, NJ
We’re sorry, we don't have information for this market at the moment
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