Bloomington home prices rise in March 2017

Bloomington home prices rise in March 2017
0Comments

The median sale price of a home sold in March 2017 in Bloomington rose by $26,550 while total sales decreased by 3.6%, according to BlockShopper.com.

In March 2017, there were 81 homes sold, with a median sale price of $254,000 – a 11.7% increase over the $227,450 median sale price for the same period of the previous year. There were 84 homes sold in Bloomington in March 2016.

The median sales tax in Bloomington for the most recent year with available data, 2015, was $2,927, approximately 1.2% of the median home sale price for March 2017.

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

City Mar. 2017 Home Sales Mar. 2016 Home Sales % change (Total Home Sales) Mar. 2017 Median Sales Price Mar. 2016 Median Sales Price % change (Median Sales Price)
Rogers 12 11 9.1% $316,500 $269,000 17.7%
Greenfield 3 6 -50% $300,000 $225,450 33.1%
Golden Valley 27 47 -42.6% $275,000 $266,450 3.2%
St. Louis Park 51 60 -15% $269,900 $239,500 12.7%
Maple Grove 85 112 -24.1% $265,000 $255,450 3.7%
Bloomington 81 84 -3.6% $254,000 $227,450 11.7%
Richfield 46 47 -2.1% $245,827 $217,500 13%
St. Anthony 6 5 20% $243,250 $240,500 1.1%
Champlin 32 24 33.3% $234,750 $203,988.50 15.1%
New Hope 20 23 -13% $234,250 $215,000 9%
Hopkins 21 18 16.7% $233,000 $234,950 -0.8%


Related

Home vacancies in Minnesota up 0.2 percent in Q1

Home vacancies in Minnesota up 0.2 percent in Q1

Minnesota’s home vacancy rate was 1.1 percent in the first quarter of 2022, an increase of 0.2 percent over the previous quarter, according to a U.S. Census Bureau report.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked 20th in the nation throughout 2021 with a rental vacancy rate of 6.6 percent, according to the U.S. Census Bureau.

Minnesota ranked 20th in nation with rental vacancy rate of 6.6% in 2021

Minnesota ranked fifth in nation with rental vacancy rate of 9% in Q3 2022

Minnesota ranked fifth in the nation in the third quarter with a rental vacancy rate of 9 percent, according to the U.S. Census Bureau.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Minnesota State Wire.