Bloomfield, NJ 07003 Real Estate Market Report

ZIP Code: 07003
Report Date: March 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Bloomfield, NJ reflects a median sold price of $575,000, indicating a robust market performance. This figure serves as a critical indicator of actual transaction values, showcasing the strength of recent sales activity. The market appears to be experiencing elevated inventory levels, which may suggest a slower sales velocity compared to previous periods. The median days on market stands at 273, further emphasizing the need for careful pricing strategies by sellers in this environment.

Despite the elevated inventory, the median listing price is recorded at $549,900, which indicates a notable gap between seller expectations and actual market transactions. This discrepancy could lead to pricing friction, as buyers may be hesitant to meet higher asking prices. Overall, while the market shows signs of strength through sold prices, the prolonged days on market and elevated inventory levels suggest a cautious approach for both buyers and sellers in Bloomfield.

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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

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Market Trends & Context

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Key Findings

1. The median sold price of $575,000 highlights strong recent transaction activity in Bloomfield.

2. With a median days on market of 273, the market is experiencing slower sales velocity, indicating potential pricing challenges for sellers.

3. The median listing price of $549,900 suggests a gap between seller expectations and buyer willingness, leading to potential pricing friction.

4. Elevated inventory levels relative to sales activity indicate an excess supply, which may pressure prices in the near term.

5. The median market rent of $2,200 reflects a stable rental environment, supporting the overall market dynamics in Bloomfield.

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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.