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

Thu Jan 20 2022
This week the median list price for Bloomfield, NJ 07003 is $430,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has decreased to 39. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Bloomfield, NJ 07003

Thu Jan 20 2022
This week the median list price for Bloomfield, NJ 07003 is $430,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has decreased to 39. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $430,000
Median Price of New Listings $499,000
Per Square Foot $307
Average Days on Market 59
Median Days on Market 49
Price Decreased 31%
Price Increased 15%
Relisted 26%
Inventory 39
Median Rent $1,675
Market Action 55
Strong Seller's Market

We continue to see prices in this zip code bounce 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
$519,668 1,596 4,500 - 6,500 sqft 4 2.5 85 3 3 49
$449,950 1,426 4,500 - 6,500 sqft 3 2 93 1 2 24
$422,000 1,366 0 - 4,500 sqft 3 2 100 1 4 24
$377,450 1,276 0 - 4,500 sqft 3 1.5 102 0 3 70