Bloomfield Real Estate Market Report: October 2026

$650,000 Median Sale Price

Bloomfield closed October 2026 with a median sale price of $650,000, reflecting steady momentum in the local market. Sixty-four properties sold during the month, marking a 13% year-over-year increase in transaction volume.

Market Overview

Bloomfield's real estate market continues to operate in a seller-favorable environment. The sale-to-list ratio of 109.8% indicates that homes are consistently selling above asking price, a pattern that has persisted throughout 2026. Properties spent an average of 68 days on market—a moderate timeframe that suggests neither extreme urgency nor prolonged stagnation.

Inventory levels remain constrained. With 114 active listings and a months-of-supply figure of 5.3, the market sits in balanced territory, though closer to seller advantage. A months-of-supply reading between 4 and 6 typically indicates equilibrium; Bloomfield's position at 5.3 means buyers face limited selection while sellers retain negotiating power. Month-over-month, the market showed minimal movement (0.8% change), suggesting October represented a continuation of established trends rather than a significant shift.

The year-over-year growth of 13% in sales volume signals sustained buyer interest despite higher price points and limited inventory. This suggests that qualified buyers remain active in Bloomfield, even as affordability constraints narrow the pool of eligible purchasers.

Price Segment Breakdown

The market is bifurcated by price tier:

• Under $400K: 7 sales, median $295,000. This segment represents just 11% of October transactions, indicating limited entry-level inventory.
• $400K–$700K: 28 sales, median $550,000. This mid-market segment captured 44% of sales and represents the largest cohort of active buyers.
• Over $700K: 29 sales, median $820,000. The luxury segment accounted for 45% of transactions, nearly matching the mid-market in volume and driving the overall median upward.

The near-parity between mid-market and luxury sales reflects Bloomfield's positioning as a market serving both established homeowners and affluent buyers seeking properties in the $700K+ range.

What This Means for Owners

If you own property in Bloomfield, the current environment favors listing. The 109.8% sale-to-list ratio and 68-day average DOM suggest homes are moving and commanding premium pricing. However, the 5.3-month supply indicates this advantage may moderate if inventory continues to increase. Owners considering a sale should act within the next 60–90 days to capitalize on current buyer demand before seasonal slowdown intensifies.

For owners not selling, the 13% year-over-year appreciation in transaction volume suggests your property's value remains supported by consistent buyer interest.

What This Means for Buyers

Buyers entering Bloomfield's market should prepare for competition. With only 114 active listings and homes selling above asking price, the advantage rests with sellers. Pre-approval and flexibility on closing timelines are essential. The 68-day average DOM means homes do not linger; serious buyers must move quickly when suitable properties appear.

The price-segment data reveals that sub-$400K inventory is scarce (7 sales). Buyers with budgets under $400,000 may face limited options and should expand geographic search parameters or consider properties in the $400K–$700K range if feasible. Conversely, the luxury segment ($700K+) shows robust activity, suggesting more selection for well-capitalized buyers.

Key Metrics

Metric	Value
Median Sale Price	$650,000
Sales Volume (October)	64
Average Days on Market	68
Active Inventory	114
Months of Supply	5.3
Sale-to-List Ratio	109.8%
Year-over-Year Change	+13%
Month-over-Month Change	+0.8%

AI-generated estimates for informational purposes only. Not appraisals.

Data sourced from NJMLS and GSMLS via Garden State AI.