$5,047 Closing Credit*
$425,000
2,932 SqFt
5 Beds
•2 Full Baths
Hollis A. Creek, Listing Office: Howard Hanna
Is Bloomfield, NY 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 was a Neutral Market.
Key Takeaway
Bloomfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomfield, NY
How much do homes in Bloomfield, NY cost?
Median Sold Price
$302,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+17.5%)
Key Takeaway
Homes in Bloomfield have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Bloomfield was $302,500 in November 2024, up 17.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182K | $243.5K | +33.8% |
| 3 Bedrooms | $276.2K | $290K | +5.0% |
| 4 Bedrooms | $307K | $375K | +22.1% |
| 5+ Bedrooms | $365K | $436K | +19.5% |
Summary: Bloomfield 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 33.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 19.5%.
Housing Supply in Bloomfield, NY
How many homes are available in Bloomfield, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Summary: The Bloomfield real estate market had 8 homes for sale in November 2024, a 52.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 2 | -80.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bloomfield 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 remained the same, 3 bedroom homes decreased by 80%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Bloomfield in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Bloomfield, NY
How long does it take to sell a home in Bloomfield, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 10 Days | -47.4% |
Summary: Homes in Bloomfield had an average of 10 days on market in Nov 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Bloomfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
