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

Tue Sep 27 2022
This week the median list price for Bloomfield, NJ 07003 is $454,999 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 44. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bloomfield, NJ 07003

Tue Sep 27 2022
This week the median list price for Bloomfield, NJ 07003 is $454,999 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has held steady at or around 44. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $454,999
Median Price of New Listings $434,450
Per Square Foot $309
Average Days on Market 51
Median Days on Market 32
Price Decreased 30%
Price Increased 2%
Relisted 23%
Inventory 44
Median Rent
Market Action 50
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
$599,900 2,562 4,500 - 6,500 sqft 4 2 88 2 3 35
$489,000 1,311 4,500 - 6,500 sqft 3 2 99 2 2 42
$425,000 1,330 0 - 4,500 sqft 3 1.5 102 3 2 21
$369,000 1,221 0 - 4,500 sqft 3 1.5 102 3 4 21