Is South Bloomfield, OH 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, South Bloomfield has remained a Seller's Market.
Key Takeaway
South Bloomfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Bloomfield, OH
How much do homes in South Bloomfield, OH cost?
Median Sold Price
$307,860
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Bloomfield have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in South Bloomfield was $307,860 in May 2024, down 3.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $40K | $85K | +112.5% |
| 3 Bedrooms | $307.9K | $277.5K | -9.9% |
| 4 Bedrooms | $345K | $347.9K | +0.8% |
| 5+ Bedrooms | - | $383.6K | N/A |
Summary: South Bloomfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 112.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ashville | $315K | $348K | +10.5% |
| Harrison Township | $306.9K | $310K | +1.0% |
| South Bloomfield | $319.7K | $307.8K | -3.7% |
| Walnut Township | $400K | $346.4K | -13.4% |
Housing Supply in South Bloomfield, OH
How many homes are available in South Bloomfield, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The South Bloomfield real estate market had 29 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Bloomfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bloomfield, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Bloomfield in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for South Bloomfield, OH
How long does it take to sell a home in South Bloomfield, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 74 Days | +202.0% |
Summary: Homes in South Bloomfield had an average of 74 days on market in May 2024, up by 202% compared to last year.
Breakdown of Home Sale Times
5 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 South Bloomfield are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in South Bloomfield; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.