Is Bloomfield Hills, MI 48304 a buyer’s or seller’s market?

The Bloomfield Hills housing market right now

In the three months ending August 31, 2026, 26% of homes in Bloomfield Hills, MI 48304 sold above their list price, the typical home went under contract in 20 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 89 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 34%, homes sold about as fast and the median sale price held steady to $529,771. Overall, Bloomfield Hills is less competitive than a year ago, which gives buyers more room.

Within Oakland County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell less often over asking than in 93%. On our competition score, Bloomfield Hills ranks #300 of 510 MI ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Oxford 48370 (0% sold over asking) or Southfield 48034 (16% sold over asking), while Huntington Woods 48070 (74% sold over asking) and Pleasant Ridge 48069 (54% sold over asking) are even more competitive.