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South Hennepin News

Saturday, November 2, 2024

Bloomington median home prices fell by 5.4% in January 2021

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The median sale price of a home sold in January 2021 in Bloomington fell by $16,150 while total sales decreased by 54.3%, according to BlockShopper.com.

In January 2021, there were 21 homes sold, with a median sale price of $283,750 - a 5.4% decrease over the $299,900 median sale price for the same period of the previous year. There were 46 homes sold in Bloomington in January 2020.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately 1.3% of the median home sale price for January 2021.

The following table compares Bloomington to other Hennepin County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
St. Louis Park1644-63.6%$311,725$302,2503.1%
Champlin321-85.7%$310,500$262,00018.5%
Richfield721-66.7%$308,000$274,00012.4%
Minneapolis118244-51.6%$304,388.50$278,7009.2%
Hopkins314-78.6%$297,000$212,50039.8%
Bloomington2146-54.3%$283,750$299,900-5.4%
Brooklyn Park2062-67.7%$278,999.50$245,00013.9%
Brooklyn Center1117-35.3%$275,000$195,00041%
New Hope79-22.2%$273,500$249,9009.4%
Robbinsdale921-57.1%$273,000$207,50031.6%
Maple Grove1648-66.7%$258,500$324,500-20.3%

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