Is Bloomfield, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomfield is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bloomfield was a Seller's Market.

Key Takeaway

Bloomfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bloomfield, WI

How much do homes in Bloomfield, WI cost?

Median Sold Price

$281,900

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,100(-8.5%)

Key Takeaway

Homes in Bloomfield have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in Bloomfield was $281,900 in October 2024, down 8.5% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $88.5K$217.5K
+145.8%
2 $200K$222K
+11.0%
3 $300K$299.9K
0%
4 $363.5K$335K
-7.8%
5+ $903K$285K
-68.4%

Summary: Bloomfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 145.8%, 2 bedroom homes increased by 11%, 3 bedroom homes did not change, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 68.4%.

Median Sold Price Compared To Nearby Cities

Lyons
+25.0%
Linn
+11.4%
Lake Geneva
+8.6%
Genoa City
+2.2%
Bloomfield
-8.5%

Housing Supply in Bloomfield, WI

How many homes are available in Bloomfield, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3337+12.1%

Summary: The Bloomfield real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 34
+33.3%
3 1621
+31.3%
4 1110
-9.1%
5+ 22
0.0%

Summary: The Bloomfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Bloomfield in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Bloomfield, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 20 Days Ago

Newest Listings in Bloomfield, WI

Nearby Markets to Bloomfield, WI

What housing markets are near Bloomfield, WI?