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South Hennepin News

Sunday, September 14, 2025

Bloomington home prices fall in May 2020

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The median sale price of a home sold in May 2020 in Bloomington fell by $2,107 while total sales decreased by 71%, according to BlockShopper.com.

In May 2020, there were 42 homes sold, with a median sale price of $286,450 - a 0.7% decrease over the $288,557 median sale price for the same period of the previous year. There were 145 homes sold in Bloomington in May 2019.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately 1.2% of the median home sale price for May 2020.

The following table compares Bloomington to other Hennepin County cities with similar median sales prices in May 2020:

CityMay 2020 Home SalesMay 2019 Home Sales% change (Total Home Sales)May 2020 Median Sales PriceMay 2019 Median Sales Price% change (Median Sales Price)
Hopkins625-76%$322,500$315,0002.4%
Minneapolis259568-54.4%$304,000$292,0004.1%
New Hope929-69%$300,000$268,00011.9%
Dayton34-25%$300,000$353,450-15.1%
Osseo12-50%$287,550$279,9502.7%
Bloomington42145-71%$286,450$288,557-0.7%
Champlin938-76.3%$275,000$268,7502.3%
Richfield2560-58.3%$275,000$292,500-6%
Independence35-40%$270,000$380,000-28.9%
Brooklyn Park54139-61.2%$263,750$257,0002.6%
Robbinsdale1435-60%$250,500$239,9004.4%

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