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Short Sale Listings in Bloomfield Hills, MI

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Living in Bloomfield Hills, MI

Bloomfield Hills is an upscale suburb in Michigan known for its stunning homes, top-rated schools, and abundant green spaces. Offering residents a quiet yet affluent lifestyle, it boasts a mix of luxurious amenities, high-end shopping, and recreational activities. The community's strong focus on education and family-friendly atmosphere makes it a prime location for those seeking a quality living experience.

Current Market Conditions in Bloomfield Hills, MI

The real estate market in Bloomfield Hills has shown a steady increase in home values over the past year, driven by high demand for luxury properties and low inventory. The area's reputation for excellent schools and desirable amenities continues to attract buyers, particularly families and professionals looking for spacious homes.

Recent trends indicate a competitive market with homes selling quickly, often above their asking prices. As interest rates fluctuate, prospective buyers are encouraged to act swiftly, as the availability of homes is diminishing.

Home Value Estimator For Bloomfield Hills, MI

There are currently 18,988 real estate properties in Bloomfield Hills, MI, with a median automated valuation model (AVM) price of $680,645.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bloomfield Hills, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bloomfield Hills, MI, is $898,752.00, with the most expensive house in Bloomfield Hills, MI, topping out at $14,803,000.00 and the cheapest home in Bloomfield Hills, MI, clocking in at $15,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Bloomfield Hills, MI!

Rent Prices In Bloomfield Hills, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomfield Hills, MI, is on a rollercoaster ride. The average rent price in Bloomfield Hills, MI, is $2,661.00. Indeed, when looking to rent in Bloomfield Hills, MI, you can expect to pay as little as $800.00 or as much as $4,300.00, with the average rent median estimated to be $2,620.00. The good news is that finding an affordable and desirable property to rent in Bloomfield Hills, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Bloomfield Hills, MI Short Sale Listings

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