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Minnesota State Wire

Wednesday, November 6, 2024

Pricing for the median home in Bloomington increased during January 2022

Realestate2

The median sale price of a home sold in January 2022 in Bloomington rose by $77,625 while total sales increased by 7.7%, according to BlockShopper.com.

In January 2022, there were 28 homes sold, with a median sale price of $356,000 - a 27.9% increase over the $278,375 median sale price for the same period of the previous year. There were 26 homes sold in Bloomington in January 2021.

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 January 2022.

The following table compares Bloomington to other Hennepin County cities with similar median sale prices in January 2022:

CityJan. 2022 Home SalesJan. 2021 Home Sales% change (Total Home Sales)Jan. 2022 Median Sales PriceJan. 2021 Median Sales Price% change (Median Sales Price)
St. Anthony31200%$425,000$334,00027.2%
Plymouth201353.8%$424,500$412,739.462.8%
Maple Grove292045%$368,550$258,50042.6%
Eden Prairie1116-31.3%$367,000$381,200-3.7%
Loretto10-$365,000$0-
Bloomington28267.7%$356,000$278,37527.9%
Richfield191346.2%$348,150$290,00020.1%
St. Louis Park1623-30.4%$337,500$316,0006.8%
Champlin7475%$335,000$316,2505.9%
Rogers26-66.7%$334,000$396,250-15.7%
Brooklyn Park473056.7%$320,000$267,75019.5%

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