Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

Berkshire Hathaway Home Services | www.hoyehometeam.com | 860-983-0875



Bloomfield, CT

Fri Dec 01 2023
This week the median list price for Bloomfield, CT is $349,700 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has decreased to 10. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Bloomfield, CT

Fri Dec 01 2023
This week the median list price for Bloomfield, CT is $349,700 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has decreased to 10. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $349,700
Median Price of New Listings $275,000
Per Square Foot $170
Average Days on Market 85
Median Days on Market 70
Price Decreased 30%
Price Increased 10%
Relisted 20%
Inventory 10
Median Rent
Market Action 63
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$734,950 4,717 1 - 2.5 acres 4 3.5 38 0 0 105
$545,888 2,882 1 - 2.5 acres 3 2.5 160 0 2 70
$349,500 2,692 0.5 - 1 acre 3 2.5 93 0 0 63
$275,000 1,346 0.25 - 0.5 acre 4 2 57 1 1 161