Bloomfield Hills, Michigan Real Estate Market Snapshot: August 2026
The Bloomfield Hills, Michigan real estate market
recorded a median single-family home sale price of $810,500
during the 12 months ending August 2026, an increase of 13.4%
compared with the previous year.
With 3.2 months of housing supply and a median of 14 days on market,
these figures reflect active buyer demand and a relatively limited
supply of available homes.
These statistics represent the Bloomfield Hills market area as
defined by GreaterMLS. This area may differ from the municipal
boundaries of the City of Bloomfield Hills or Bloomfield Township.
|
Market Metric
|
Bloomfield Hills
|
Year-Over-Year Change
|
|---|
| Median Sale Price | $810,500 | +13.4% |
| Closed Sales | 496 | +0.6% |
| Median Percent of Last List Price | 98.9% | +0.3% |
| Months of Supply | 3.2 | -13.5% |
| Median Days on Market | 14 | 0.0% |
What the Bloomfield Hills Market Means for Home Sellers
For sellers: The median sale price reached
$810,500, up 13.4% from a year earlier. Homes spent a median
of 14 days on market, compared with 16 days across GreaterMLS.
Properties sold for a median of 98.9% of their last listing price.
These figures reinforce the importance of accurate pricing,
professional photography, effective marketing, and a thoughtful
negotiation strategy. In a market with distinctive luxury
properties, individual home values depend on location,
condition, lot size, architecture, and recent comparable sales.
The year-over-year change in the median sale price does not
necessarily represent the appreciation of an individual property.
What the Bloomfield Hills Market Means for Home Buyers
For buyers: Housing supply measured 3.2 months,
compared with 2.8 months across GreaterMLS. Although inventory
tightened by 13.5% year over year, buyers may still find
opportunities to compare properties and negotiate based on
condition, pricing, and competition.
Homes sold for a median of 98.9% of their last list price,
but individual results vary. Mortgage pre-approval, careful
analysis of comparable sales, and a clear offer strategy
remain important when purchasing a home in Bloomfield Hills
or Bloomfield Township.
Source: GreaterMLS via InfoSparks, single-family residential,
Bloomfield Hills market area as defined by GreaterMLS,
12 months ending August 2026. Data is deemed reliable
but not guaranteed. Historical statistics may differ
from current market conditions.
Wondering what your Bloomfield Hills home is worth?
Request a personalized comparative market analysis
based on current comparable sales and your property's features,
or call or text
248-790-5594.
Bloomfield Hills Real Estate: Frequently Asked Questions
What types of homes are available in Bloomfield Hills, Michigan?
Bloomfield Hills offers luxury estates, custom-built homes,
traditional single-family residences, and properties on
spacious wooded lots. Nearby Bloomfield Township also
offers established subdivisions, condominiums, and homes
in a range of architectural styles and price points.
I help buyers compare available properties based on location,
condition, privacy, amenities, recent sales, and long-term goals.
What should I expect when selling a luxury home in Bloomfield Hills?
Selling a luxury home requires a marketing strategy tailored
to the property's features and likely buyers. My approach
includes a detailed pricing analysis, professional photography,
staging recommendations, digital marketing, showing
coordination, and skilled negotiation.
My goal is to present your property competitively, attract
qualified buyers, and help you make informed decisions
throughout the selling process.
Do you provide senior relocation and downsizing services in Bloomfield Hills?
Yes. As a Seniors Real Estate Specialist (SRES),
I help older homeowners and their families navigate downsizing,
relocation, and the sale of longtime family homes.
I can assist with planning the selling timeline, recommending
trusted service providers, preparing the property for sale,
and coordinating the real estate transaction.
How do you determine the right listing price for a Bloomfield Hills home?
I prepare a comparative market analysis (CMA)
using recent comparable sales, active listings, property
condition, location, and buyer demand.
In the Bloomfield Hills luxury market, lot size,
architectural design, renovations, privacy, and unique
amenities can significantly influence value. I use these
factors to develop a pricing recommendation tailored
to your property.
How can I schedule a consultation with a Bloomfield Hills Realtor?
You can
contact me online
or call or text
248-790-5594.
I'm Tom Gilliam, Realtor with RE/MAX Classic,
with over 24 years of real estate experience. Whether
you're buying a luxury property, relocating, downsizing,
or preparing to sell, I'll help you develop a strategy
based on your goals and local market conditions.
