Lina Panza's Market Report

Bloomfield, NJ 07003

Single-Family Homes

Keller Williams NJ Metro | www.WalkableSuburb.com | 973-809-5277



Bloomfield, NJ 07003

Sun Mar 03 2024
This week the median list price for Bloomfield, NJ 07003 is $574,999 with the market action index hovering around 65. This is an increase over last month's market action index of 59. Inventory has decreased to 14. Click here to stay informed with the Bloomfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Bloomfield, NJ 07003

Sun Mar 03 2024
This week the median list price for Bloomfield, NJ 07003 is $574,999 with the market action index hovering around 65. This is an increase over last month's market action index of 59. Inventory has decreased to 14. Click here to stay informed with the Bloomfield market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $574,999
Median Price of New Listings $575,000
Per Square Foot $281
Average Days on Market 73
Median Days on Market 35
Price Decreased 14%
Price Increased 7%
Relisted 21%
Inventory 14
Median Rent
Market Action 65
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$699,000 2,992 6,500 - 8,000 sqft 5 2.5 100 0 0 28
$629,000 1,000 4,500 - 6,500 sqft 3 2.5 72 2 1 0
$562,499 1,972 4,500 - 6,500 sqft 3 2.5 87 1 0 101
$460,450 1,350 0 - 4,500 sqft 3 2.3 96 2 1 24