Bloomington home prices rise in April 2017

Bloomington home prices rise in April 2017
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The median sale price of a home sold in April 2017 in Bloomington rose by $12,000 while total sales decreased by 8.4%, according to BlockShopper.com.

In April 2017, there were 98 homes sold, with a median sale price of $261,000 – a 4.8% increase over the $249,000 median sale price for the same period of the previous year. There were 107 homes sold in Bloomington in April 2016.

The median sales tax in Bloomington for the most recent year with available data, 2015, was $2,927, approximately 1.1% of the median home sale price for April 2017.

The following table compares Bloomington to other Hennepin County cities with similar median sales prices in April 2017:

City Apr. 2017 Home Sales Apr. 2016 Home Sales % change (Total Home Sales) Apr. 2017 Median Sales Price Apr. 2016 Median Sales Price % change (Median Sales Price)
St. Louis Park 74 79 -6.3% $278,000 $255,000 9%
Mound 21 32 -34.4% $274,900 $225,000 22.2%
Maple Grove 98 131 -25.2% $272,400 $276,000 -1.3%
Maple Plain 2 6 -66.7% $267,125 $188,800 41.5%
Loretto 2 1 100% $266,500 $56,000 375.9%
Bloomington 98 107 -8.4% $261,000 $249,000 4.8%
Champlin 26 25 4% $246,000 $225,000 9.3%
Minneapolis 477 510 -6.5% $244,900 $230,000 6.5%
Osseo 1 7 -85.7% $242,000 $186,100 30%
Richfield 46 59 -22% $235,000 $220,000 6.8%
Brooklyn Park 105 153 -31.4% $233,300 $210,000 11.1%


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