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
Mon Aug 24 2026
This week the median list price for Bloomfield, NJ 07003 is $698,500 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 36.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $698,500 | |
| Median Price of New Listings | $686,999 | |
| Per Square Foot | $299 | |
| Average Days on Market | 74 | |
| Median Days on Market | 25 | |
| Price Decreased | 3% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 36 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $899,000 | 11,273 | 4,500 - 6,500 sqft | 4 | 2.5 | 81 | 0 | 1 | 56 |
| $700,000 | 4,085 | 0 - 4,500 sqft | 3 | 2.5 | 100 | 4 | 2 | 7 |
| $674,999 | 1,939 | 0 - 4,500 sqft | 3 | 2 | 97 | 3 | 5 | 7 |
| $449,000 | 1,152 | 0 - 4,500 sqft | 2 | 1.5 | 115 | 1 | 0 | 35 |