Bloomfield Hills, MI 48304 Real Estate Market Report

ZIP Code: 48304
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary indicator of market value is the median sold price: 644,944, which reflects recent transaction activity and supports the view that realized prices are the best guide to local value; the marketPriceYoYTrend is up and the marketTemperature is hot, suggesting continued upward pressure on transaction prices.

2. Liquidity appears muted: the median days on market is 261, which suggests slower sales velocity and may indicate longer negotiation windows or the need for more aggressive pricing/marketing to accelerate closings.

3. There is notable pricing friction between seller expectations and realized sales: the median listing price is 1,475,000 versus the median sold price of 644,944, which appears to reflect divergent asking-price positioning and may require sellers to align expectations or offer stronger concessions to achieve timely sales.

4. Rental and financing context is mixed for investors and buyers: the median market rent is 1,900 while the median price per square foot is 248; with interest rate pressure labeled as elevated, financing costs may constrain some buyers and prolong time-to-contract, so pricing, terms, and buyer incentives will be important tactical levers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Bloomfield Hills, MI 48304 Real Estate Market Report

ZIP Code: 48304
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market indicator, the median sold price, is 299,500, which represents the most meaningful reflection of recent transaction values in the neighborhood and should be used as the anchor for valuation and underwriting decisions. use recent sales as the baseline

2. There is a notable gap between the median listing price of 396,850 and the median sold price of 299,500, which may indicate seller pricing expectations that exceed realized transaction values and could create pricing friction in negotiations.

3. Market velocity shows slower liquidity with a median days on market of 262, suggesting longer marketing times for listings and that buyers may be able to exercise greater diligence; this appears alongside a hot market temperature, indicating demand exists despite extended marketing periods.

4. Interest rate conditions are a key headwind: interest rate pressure is elevated, and rent trends are down, both of which may increase buyer caution and lengthen time-to-contract—monitor financing sensitivity closely when advising pricing or contract strategy. elevated interest rate pressure

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.