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Minnesota State Wire

Tuesday, November 5, 2024

Bloomington home prices rise in August 2019

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The median sale price of a home sold in August 2019 in Bloomington rose by $20,000 while total sales increased by 4.9%, according to BlockShopper.com.

In August 2019, there were 129 homes sold, with a median sale price of $295,000 - a 7.3% increase over the $275,000 median sale price for the same period of the previous year. There were 123 homes sold in Bloomington in August 2018.

The median sales tax in Bloomington for the most recent year with available data, 2015, was $2,927, approximately 1% of the median home sale price for August 2019.

The following table compares Bloomington to other Hennepin County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Minnetonka93876.9%$340,000$390,000-12.8%
Rogers29283.6%$332,500$342,850-3%
Maple Plain20-$332,000$0-
St. Louis Park68105-35.2%$325,000$300,0008.3%
Maple Grove14112215.6%$325,000$305,0006.6%
Bloomington1291234.9%$295,000$275,0007.3%
Hopkins2429-17.2%$286,750$270,0006.2%
Minneapolis594652-8.9%$282,250$265,0006.5%
Richfield5961-3.3%$278,500$250,00011.4%
Champlin523548.6%$276,500$250,00010.6%
New Hope3545-22.2%$265,000$257,8002.8%

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