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South Hennepin News

Wednesday, November 6, 2024

Bloomington home prices rise in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Bloomington rose by $29,950 while total sales decreased by 12.8%, according to BlockShopper.com.

From October through December of 2019, there were 251 homes sold, with a median sale price of $289,900 - a 11.5% increase over the $259,950 median sale price for the same period of the previous year. There were 288 homes sold in Bloomington in the fourth quarter of 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 the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
St. Anthony518-72.2%$317,500$274,25015.8%
Hopkins3968-42.6%$299,900$259,95015.4%
Dayton171330.8%$296,900$243,00022.2%
Rogers2341-43.9%$295,000$329,900-10.6%
Maple Plain5425%$290,000$291,500-0.5%
Bloomington251288-12.8%$289,900$259,95011.5%
Minneapolis1,0011,418-29.4%$280,000$250,00012%
Corcoran1617-5.9%$271,450$385,000-29.5%
Champlin8488-4.5%$263,800$251,2505%
Richfield128165-22.4%$263,500$249,9005.4%
New Hope6687-24.1%$261,000$245,0006.5%

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