West Bloomfield, MI Home Values & Market Trends
Real estate market trends reflect that there have been 940 transactions over the past year in West Bloomfield. The median value for residential home transactions that occurred over the previous year is $422,865.49. The number of current listings in West Bloomfield is 88, and the percentage of properties for sale in the city is 88.00%. West Bloomfield, MI currently has 25 properties in foreclosure, 2 bank owned properties, 23 properties headed for auction, and 88 properties for sale.
West Bloomfield, MI Real Estate Market Overview
Housing Market Summary for West Bloomfield, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $445K | $392.4K | -11.83% |
Median Sold Price | $386.3K | $392.4K | 1.58% |
Homes For Sale | 107 | 80 | -25.23% |
Homes Sold | 680 | 656 | -3.53% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in West Bloomfield, MI
Browse Homes in West Bloomfield, MI
West Bloomfield home values range from $37,758 to $12,458,421. The median estimated value of a home in West Bloomfield is $422,865.49. The median list price of a home is 408,000, and the total count of properties in the city is 23,183.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in West Bloomfield, MI ranges from the highest value of $369,152 in 48322 to the lowest value of $369,152 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.
- Auctions48322 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 0.10% 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 $764,750 in 48324 to the lowest value of $206,349 in 48324.
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Guide for West Bloomfield, MI
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.
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.
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