Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

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



Bloomfield, CT

Fri Apr 23 2021
This week the median list price for Bloomfield, CT is $347,400 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has held steady at or around 12. 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 recently plateaued. 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

Fri Apr 23 2021
This week the median list price for Bloomfield, CT is $347,400 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has held steady at or around 12. 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 recently plateaued. 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 $347,400
Per Square Foot $147
Days on Market 7
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent $2,277
Most Expensive $725,000
Least Expensive $199,000
Market Action 82
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$569,000 3,695 5 - 10 acres 4 2 14 0 0 14
$400,000 2,513 0.5 - 1 acre 3 2 15 1 1 42
$269,900 1,864 1 - 2.5 acres 3 2 66 2 2 0
$209,900 1,388 0.25 - 0.5 acre 3 1 74 1 1 7