Is South Bloomfield Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Bloomfield Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Bloomfield Township has remained a Seller's Market.

Key Takeaway

South Bloomfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Bloomfield Township, OH

How much do homes in South Bloomfield Township, OH cost?

Median Sold Price

$32,500

$32/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$322,400(-90.8%)

Key Takeaway

Homes in South Bloomfield Township have sold for 90.8% less than they did a month ago.

Summary: The median home sold price in South Bloomfield Township was $32,500 in November 2024, down 90.8% from last month, and the median price per square foot was $32.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $354.9K$32.5K
-90.8%
4 --
N/A
5+ --
N/A

Summary: South Bloomfield Township housing prices by bedroom type for November 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 decreased by 90.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in South Bloomfield Township, OH

How many homes are available in South Bloomfield Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The South Bloomfield Township real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The South 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 South Bloomfield Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in South Bloomfield Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for South Bloomfield Township, OH

How long does it take to sell a home in South Bloomfield Township, OH?

Average Sale Time

Oct 2024Nov 2024CHANGE
75 Days174 Days+132.0%

Summary: Homes in South Bloomfield Township had an average of 174 days on market in Nov 2024, up by 132% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in South Bloomfield Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in South Bloomfield Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in South Bloomfield Township, OH

Nearby Markets to South Bloomfield Township, OH

What housing markets are near South Bloomfield Township, OH?