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Sunday, November 24, 2024

What happened to the median home price in Bloomington during February 2021?

Realestate3

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Adobe Stock

The median sale price of a home sold in February 2021 in Bloomington rose by $12,500 while total sales decreased by 63.3%, according to BlockShopper.com.

In February 2021, there were 18 homes sold, with a median sale price of $317,500 - a 4.1% increase over the $305,000 median sale price for the same period of the previous year. There were 49 homes sold in Bloomington in February 2020.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately 1.1% of the median home sale price for February 2021.

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

CityFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Shorewood39-66.7%$390,000$490,000-20.4%
Plymouth1063-84.1%$385,000$361,0006.6%
Mound218-88.9%$380,450$269,60041.1%
Eden Prairie1242-71.4%$370,000$387,075-4.4%
Orono38-62.5%$365,000$420,000-13.1%
Bloomington1849-63.3%$317,500$305,0004.1%
Golden Valley620-70%$315,250$341,000-7.6%
St. Louis Park639-84.6%$305,000$283,5007.6%
Hopkins211-81.8%$302,850$326,000-7.1%
Minneapolis88282-68.8%$296,500$269,8509.9%
Maple Grove368-95.6%$295,000$325,000-9.2%

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