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Minnesota State Wire

Wednesday, November 6, 2024

August 2021: Home prices in Bloomington increased

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The median sale price of a home sold in August 2021 in Bloomington rose by $29,000 while total sales decreased by 65.3%, according to BlockShopper.com.

In August 2021, there were 25 homes sold, with a median sale price of $360,000 - a 8.8% increase over the $331,000 median sale price for the same period of the previous year. There were 72 homes sold in Bloomington in August 2020.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately 1% of the median home sale price for August 2021.

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

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Hopkins613-53.8%$385,000$315,00022.2%
Maple Grove3580-56.3%$372,558$403,600-7.7%
Mound617-64.7%$370,000$320,00015.6%
St. Anthony24-50%$365,000$414,825-12%
Hanover110%$364,900$385,000-5.2%
Bloomington2572-65.3%$360,000$331,0008.8%
St. Louis Park2541-39%$346,000$375,850-7.9%
Champlin1820-10%$344,250$307,00012.1%
Minneapolis170350-51.4%$327,500$325,0000.8%
New Hope812-33.3%$320,000$308,0003.9%
Excelsior220%$312,500$632,250-50.6%

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