Real Estate Market Update for West Bloomfield, MI

Video: Real Estate Community Tour for West Bloomfield, MI

See Real estate community tour for West Bloomfield, MI
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up nearly 400% from one year earlier, and up 8% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 17%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 240-thousand dollars. The number of units sold increased nearly 200% year-over-year, and increased more than 125% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for West Bloomfield, MI
Area Information for West Bloomfield, MI
  • Population: 32,530
  • Median Age: 45.46 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,767/sq mi
  • Population Change Since 2000: 8.12%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: Michigan Sch Of Professional Psychology
  • Closest Jr. College: Oakland Comm Clg-orchard Ridge Campus
  • Median Household Income: $85,106
  • Annual Residential Turnover: 10%
  • Median Home Sales Price: $213,000
  • Closest Major Sports Team: Detroit Pistons
  • Change Avg. Household Income Since 2000: -3.15%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for West Bloomfield, MI
Median Age: 45.46 Married: 47% Number of Households: 12,397 Households with Children: 3,647
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for West Bloomfield, MI

      School Name Distance Type Grades School Rating Parent Rating
      St Mary's Preparatory School 0.7 mi Catholic 9-12 0 4
      St. Mary's Preparatory 0.7 mi Catholic - 0 0
      Our Lady Of Refuge 1.0 mi Catholic - 0 0
      Our Lady Of Refuge School 1.0 mi Catholic PRESCHOOL-8 0 0
      Lone Pine Elementary School 1.0 mi Public PRESCHOOL-3 0 0
      Abbott Middle School 1.1 mi Public 6-8 4 3
      West Bloomfield High School 1.2 mi Public 9-12 4 4
      Model Center High School 1.4 mi Public 9-12 0 0
      West Hills Middle School 1.4 mi Public 4-8 5 0
      Doherty Elementary School 1.8 mi Public PRESCHOOL-2 4 0
      Sheiko Elementary School 1.9 mi Public 3-5 3 0
      Brookfield Academy - West Bloomfield 2.0 mi Private PRESCHOOL-5 0 0
      West Bloomfield Transition Center 2.2 mi Public UNGRADE-UNGRADE 0 0
      Orchard Lake Middle School 2.3 mi Public 6-8 4 3
      Scotch Elementary School 2.3 mi Public 2-5 4 0
      Gretchko Elementary School 2.4 mi Public K-2 0 0
      Temple Israel Early Childhood Center 2.8 mi Private PRESCHOOL-K 0 0
      Pleasant Lake Elementary School 3.1 mi Public PRESCHOOL-5 3 0
      Adult Education 3.4 mi Public UNGRADE-UNGRADE 0 0
      Frankel Jewish Academy Of Metro Detroit 3.8 mi Private 9-12 0 4
      Sarah And Irving Pitt Child Development Center 3.8 mi Private PRESCHOOL-K 0 0
      Congregation B'nai Moshe School 3.8 mi Private K-9 0 0
      Project Search 3.9 mi Public UNGRADE-UNGRADE 0 0
      Keith Elementary School 4.0 mi Public K-5 4 0
      Walnut Creek Middle School 4.3 mi Public 6-8 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for West Bloomfield, MI
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.