Is Blooming Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Blooming Prairie has remained a Seller's Market.
Key Takeaway
Blooming Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blooming Prairie, MN
How much do homes in Blooming Prairie, MN cost?
Median Sold Price
$202,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blooming Prairie have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Blooming Prairie was $202,500 in March 2024, up 1.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $144K | $175K | +21.5% |
| 3 Bedrooms | $191K | $180K | -5.8% |
| 4 Bedrooms | $231.5K | $302.5K | +30.7% |
| 5+ Bedrooms | - | $232K | N/A |
Summary: Blooming Prairie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Blooming Prairie Township | $197K | $202.5K | +2.8% |
| Blooming Prairie | $199K | $202.5K | +1.8% |
Housing Supply in Blooming Prairie, MN
How many homes are available in Blooming Prairie, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Blooming Prairie real estate market had 14 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blooming Prairie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blooming Prairie, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Blooming Prairie in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Blooming Prairie, MN
How long does it take to sell a home in Blooming Prairie, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 78 Days | +80.0% |
Summary: Homes in Blooming Prairie had an average of 78 days on market in Mar 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Blooming Prairie are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Blooming Prairie; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
