Is Bloomfield Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bloomfield Township has remained a Seller's Market.
Key Takeaway
Bloomfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bloomfield Township, IA
How much do homes in Bloomfield Township, IA cost?
Median Sold Price
$220,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bloomfield Township have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Bloomfield Township was $220,000 in May 2024, up 13.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.4K | $95.7K | -1.7% |
| 2 Bedrooms | $150K | $158.5K | +5.7% |
| 3 Bedrooms | $204.2K | $225K | +10.2% |
| 4 Bedrooms | $215K | $252.4K | +17.4% |
| 5+ Bedrooms | $275K | $365.5K | +32.9% |
Summary: Bloomfield Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
| Bloomfield Township | $194.5K | $220K | +13.1% |
| Norwalk | $306.4K | $329.9K | +7.7% |
| Des Moines | $195.6K | $209.9K | +7.3% |
| Des Moines Township | $197K | $209.9K | +6.6% |
| Walnut Township | $290K | $299.5K | +3.3% |
Housing Supply in Bloomfield Township, IA
How many homes are available in Bloomfield Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 143 | 147 | +2.8% |
Summary: The Bloomfield Township real estate market had 147 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 64 | 62 | -3.1% |
| 4 Bedrooms | 40 | 46 | +15.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Bloomfield Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bloomfield Township, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Bloomfield Township in May 2024, the same as the previous month. Of the 35 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% were sold over asking.
Days on Market for Bloomfield Township, IA
How long does it take to sell a home in Bloomfield Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +88.6% |
Summary: Homes in Bloomfield Township had an average of 26 days on market in May 2024, up by 88.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bloomfield Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Bloomfield Township; 77% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
