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South Hennepin News

Wednesday, November 6, 2024

Bloomington home prices rise in 2019

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The median sale price of a home sold in 2019 in Bloomington rose by $17,000 while total sales decreased by 3.3%, according to BlockShopper.com.

From January through December of 2019, there were 1,174 homes sold, with a median sale price of $285,000 - a 6.3% increase over the $268,000 median sale price for the previous year. There were 1,214 homes sold in Bloomington in 2018.

The median sales tax in Bloomington for the most recent year with available data, 2015, was $2,927, approximately 1% of the median home sale price for 2019.

The following table compares Bloomington to other Hennepin County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Rogers180215-16.3%$325,250$325,0000.1%
Maple Grove1,0471,169-10.4%$325,000$303,0007.3%
St. Louis Park731848-13.8%$320,000$300,0006.7%
Hanover151050%$310,000$381,944-18.8%
Hopkins198213-7%$286,500$274,4954.4%
Bloomington1,1741,214-3.3%$285,000$268,0006.3%
Minneapolis5,2355,952-12%$275,000$255,0007.8%
Maple Plain211910.5%$270,000$250,0008%
Champlin3693457%$270,000$255,0005.9%
Richfield540597-9.5%$268,000$250,0007.2%
Mound211221-4.5%$263,900$255,0003.5%

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