Allison Ziefert's Market Reports
Bloomfield, NJ 07003
Single-Family Homes
Allison Ziefert Real Estate Group | allison@azhomesnj.com | 973.310.6816
Bloomfield, NJ 07003
Sun May 11 2025
This week the median list price for Bloomfield, NJ 07003 is $598,500 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $598,500 | |
| Median Price of New Listings | $607,450 | |
| Per Square Foot | $325 | |
| Average Days on Market | 37 | |
| Median Days on Market | 14 | |
| Price Decreased | 22% | |
| Price Increased | 3% | |
| Relisted | 25% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 49 | |
| Strong Seller's Market | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $739,000 | 1,958 | 4,500 - 6,500 sqft | 4 | 2.5 | 87 | 2 | 2 | 14 |
| $599,999 | 1,681 | 6,500 - 8,000 sqft | 3 | 2 | 98 | 4 | 3 | 10 |
| $574,950 | 1,643 | 4,500 - 6,500 sqft | 4 | 1.5 | 101 | 1 | 4 | 10 |
| $423,944 | 1,523 | 0 - 4,500 sqft | 2 | 1 | 94 | 1 | 0 | 38 |