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Minnesota State Wire

Saturday, November 23, 2024

Bloomington home prices rise in July 2019

Realestate3

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The median sale price of a home sold in July 2019 in Bloomington rose by $22,900 while total sales increased by 49.5%, according to BlockShopper.com.

In July 2019, there were 139 homes sold, with a median sale price of $299,900 - a 8.3% increase over the $277,000 median sale price for the same period of the previous year. There were 93 homes sold in Bloomington in July 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 July 2019.

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

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Maple Grove1428273.2%$362,000$305,00018.7%
Excelsior31200%$333,000$129,900156.4%
Rogers171154.5%$325,000$311,0004.5%
St. Louis Park876729.9%$306,000$320,000-4.4%
Hopkins251566.7%$301,000$270,00011.5%
Bloomington1399349.5%$299,900$277,0008.3%
Champlin372927.6%$295,000$284,9003.5%
Mound221822.2%$295,000$266,00010.9%
Long Lake5366.7%$293,500$273,0007.5%
Minneapolis59544334.3%$281,750$262,0007.5%
Hanover110%$280,000$35,500688.7%

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