Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

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



Bloomfield, CT

Mon Jan 17 2022
This week the median list price for Bloomfield, CT is $320,000 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has held steady at or around 13. 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 achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Bloomfield, CT

Mon Jan 17 2022
This week the median list price for Bloomfield, CT is $320,000 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has held steady at or around 13. 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 achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Bloomfield market.
Median List Price $320,000
Median Price of New Listings $319,999
Per Square Foot $171
Average Days on Market 69
Median Days on Market 77
Price Decreased 38%
Price Increased 8%
Relisted 15%
Inventory 13
Median Rent $3,600
Market Action 69
Strong Seller's Market

The market seems to have paused around this plateau. 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
$670,000 2,277 5 - 10 acres 3 3 47 1 0 98
$359,999 2,803 0.5 - 1 acre 3 3.5 38 1 0 84
$319,999 2,152 0.5 - 1 acre 4 2 66 3 1 0
$217,499 1,384 0.25 - 0.5 acre 3 1.3 71 1 2 80