Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

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



Bloomfield, CT

Fri Jun 02 2023
This week the median list price for Bloomfield, CT is $329,000 with the market action index hovering around 76. This is an increase over last month's market action index of 67. Inventory has decreased to 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Bloomfield, CT

Fri Jun 02 2023
This week the median list price for Bloomfield, CT is $329,000 with the market action index hovering around 76. This is an increase over last month's market action index of 67. Inventory has decreased to 11. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $329,000
Median Price of New Listings $274,900
Per Square Foot $223
Average Days on Market 51
Median Days on Market 21
Price Decreased 27%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 76
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$715,000 3,336 1 - 2.5 acres 5 4 46 0 0 108
$569,000 2,404 1 - 2.5 acres 4 3.5 35 0 1 7
$310,000 1,470 0.25 - 0.5 acre 3 2 74 2 2 0
$259,900 1,008 0.25 - 0.5 acre 3 1 69 1 1 49