Is West Bloomfield, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Bloomfield is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, NY

How much do homes in West Bloomfield, NY cost?

Median Sold Price

$208,000

$137/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$16,300(+8.5%)

Key Takeaway

Homes in West Bloomfield have sold for 8.5% more than they did a month ago.

Summary: The median home sold price in West Bloomfield was $208,000 in December 2024, up 8.5% from last month, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $243.5K-
N/A
3 --
N/A
4 -$208K
N/A
5+ $139.9K-
N/A

Summary: West Bloomfield housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bristol
+40.0%
West Bloomfield
+8.5%
East Bloomfield
-18.6%

Housing Supply in West Bloomfield, NY

How many homes are available in West Bloomfield, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
31-66.7%

Summary: The West Bloomfield real estate market had 1 homes for sale in December 2024, a 66.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 00
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The West Bloomfield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Bloomfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in West Bloomfield in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Bloomfield, NY

How long does it take to sell a home in West Bloomfield, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
7 Days6 Days-20.0%

Summary: Homes in West Bloomfield had an average of 6 days on market in Dec 2024, down by 20% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in West 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in West Bloomfield, NY

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