West Bloomfield, MI Home Values & Market Trends

Real estate market trends reflect that there have been 942 transactions over the past year in West Bloomfield. The median value for residential home transactions that occurred over the previous year is $399,166.55. The number of current listings in West Bloomfield is 84, and the percentage of properties for sale in the city is 84.00%. West Bloomfield, MI currently has 28 properties in foreclosure, 2 bank owned properties, 26 properties headed for auction, and 84 properties for sale.

West Bloomfield, MI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
48322

$ 357,061

$ 167/sqft

48324

$ 434,500

$ 193/sqft

48323

$ 370,024

$ 175/sqft

Housing Market Summary for West Bloomfield, MI

Mar 2023February 2024Change
Median Listing Price$449.9K$375.1K-16.64%
Median Sold Price$394.3K$375.1K-4.88%
Homes For Sale10774-30.84%
Homes Sold7567894.37%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in West Bloomfield, MI

West Bloomfield home values range from $35,004 to $12,986,882. The median estimated value of a home in West Bloomfield is $399,166.55. The median list price of a home is 418,500, and the total count of properties in the city is 23,179.

Foreclosure
There are 3 zips within West Bloomfield, MI; within these zips, the median estimated home value for homes in foreclosure ranges from $460,116 in 48322 to the lowest value of $186,515 in 48322. Foreclosure homes account for 0.00% of properties in West Bloomfield, MI with 48322 containing 17 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in West Bloomfield, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within West Bloomfield, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in West Bloomfield, MI ranges from the highest value of $352,261 in 48322 to the lowest value of $352,261 in 48323. Bank owned homes and properties account for 0.01% of properties in West Bloomfield, MI. There are 3 zips within West Bloomfield, MI; 48323 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48322 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of West Bloomfield, MI. Auction homes and other auction properties account for 0.11% of all properties in West Bloomfield, MI. There are 3 zips within West Bloomfield, MI; of those zips, the median estimated home value for homes going to auction ranges from $755,364 in 48324 to the lowest value of $186,515 in 48324.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.36% of residential properties in West Bloomfield, MI with 48322 containing 36 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within West Bloomfield, MI; homes for sale in those zips, have a range of median values from $1,850,000 in 48322 to the lowest value of $120,252 in 48324.
    Sold Homes
    The median value for recently sold homes ranges from $1,863,200 in 48322 to the lowest price of $69,433 in 48322. There are 3 zips within West Bloomfield, MI. 48322 has 349 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.05% of properties in West Bloomfield, MI.

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      Guide for West Bloomfield, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Investing Strategies
      How To Identify The Best Cities to Invest In 2024
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      How To Identify The Best Cities to Invest In 2024
      Investing Strategies|posted 28 March 2024

      How to find the cities to invest in for 2024 and make informed decisions for your financial future.

      Recently Listed Homes West Bloomfield, MI

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