Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

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



Bloomfield, CT

Wed May 22 2024
This week the median list price for Bloomfield, CT is $399,900 with the market action index hovering around 77. This is less than last month's market action index of 78. Inventory has increased 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

The market has started cooling and prices have been flat for several weeks. Since 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, CT

Wed May 22 2024
This week the median list price for Bloomfield, CT is $399,900 with the market action index hovering around 77. This is less than last month's market action index of 78. Inventory has increased 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

The market has started cooling and prices have been flat for several weeks. Since 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 $399,900
Median Price of New Listings $412,450
Per Square Foot $216
Average Days on Market 20
Median Days on Market 7
Price Decreased 18%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 77
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
$499,500 2,103 0.5 - 1 acre 3 2.8 76 2 1 0
$459,000 2,438 0.5 - 1 acre 4 2.5 67 0 0 14
$350,000 1,541 0.25 - 0.5 acre 3 2 69 1 0 7
$315,000 1,877 0.5 - 1 acre 3 1 71 1 0 7