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Short Sale Listings in Bloomfield, KY 40008

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Living in Bloomfield, KY

Bloomfield, KY is a charming small town that offers a relaxed, rural lifestyle with beautiful landscapes. The friendly community engages in various local events, and residents have access to essential amenities. It’s a great place for families looking for a peaceful environment with good schools and outdoor recreational opportunities.

Current Market Conditions in Bloomfield, KY

The real estate market in Bloomfield, KY is currently experiencing a steady increase in demand, with an influx of buyers seeking homes in this desirable rural setting. While inventory remains limited, homes are selling quickly, often above the asking price. The market has become more competitive, attracting those looking for affordable housing options without sacrificing quality of life.

In recent months, property prices have stabilised, with an uptick in renovated homes appealing to first-time buyers and families. The area has seen growth in home values as new developments continue to spring up, offering modern conveniences amidst the charming backdrop of Bloomfield.

Home Value Estimator For Bloomfield, KY

There are currently 1,624 real estate properties in Bloomfield, KY, with a median automated valuation model (AVM) price of $250,158.00. 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, KY, 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, KY, is $329,816.00, with the most expensive house in Bloomfield, KY, topping out at $3,085,131.00 and the cheapest home in Bloomfield, KY, clocking in at $30,248.00. In other words, there’s something for every potential homebuyer or savvy investor in Bloomfield, KY!

Rent Prices In Bloomfield, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomfield, KY, is on a rollercoaster ride. The average rent price in Bloomfield, KY, is $1,210.00. Indeed, when looking to rent in Bloomfield, KY, you can expect to pay as little as $590.00 or as much as $2,560.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Bloomfield, KY -- 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, KY 40008 Short Sale Listings

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