Is West Bloomfield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, NY
How much do homes in West Bloomfield, NY cost?
Median Sold Price
$325,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Key Takeaway
Homes in West Bloomfield have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in West Bloomfield was $325,000 in November 2024, up 4.4% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | - | $207.2K | N/A |
| 3 Bedrooms | $330K | $325K | -1.5% |
| 4 Bedrooms | $287.5K | $475K | +65.2% |
| 5+ Bedrooms | $182.8K | $405K | +121.5% |
Summary: West 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 did not change, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 121.5%.
Median Sold Price Compared To Nearby Cities
| Bristol | $240K | $280K | +16.7% |
| Mendon | $392K | $427K | +8.9% |
| West Bloomfield | $311.2K | $325K | +4.4% |
Housing Supply in West Bloomfield, NY
How many homes are available in West Bloomfield, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Summary: The West Bloomfield real estate market had 1 homes for sale in November 2024, a 80.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 0 | -100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The West 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 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -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
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 November 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 7 Days | +40.0% |
Summary: Homes in West Bloomfield had an average of 7 days on market in Nov 2024, up by 40% compared to last year.
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
Key Takeaway
Many homes in West Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During November 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.
