Hoye Home Team's Market Report

Bloomfield, CT

Single-Family Homes

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



Bloomfield, CT

Thu Sep 16 2021
This week the median list price for Bloomfield, CT is $294,450 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has decreased to 20. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Sep 16 2021
This week the median list price for Bloomfield, CT is $294,450 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has decreased to 20. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $294,450
Median Price of New Listings $0
Per Square Foot $174
Average Days on Market 55
Median Days on Market 46
Price Decreased 40%
Price Increased 0%
Relisted 15%
Inventory 20
Median Rent $2,640
Market Action 65
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
$479,000 3,469 1 - 2.5 acres 4 3 52 0 0 56
$314,900 2,666 1 - 2.5 acres 4 2 55 0 1 42
$285,900 1,444 0.5 - 1 acre 3 2 47 0 1 56
$215,000 1,218 0.25 - 0.5 acre 3 1 69 0 3 14