Is Blooming Prairie Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Blooming Prairie Township has remained a Seller's Market.
Key Takeaway
Blooming Prairie Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blooming Prairie Township, MN
How much do homes in Blooming Prairie Township, MN cost?
Median Sold Price
$202,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blooming Prairie Township have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Blooming Prairie Township was $202,500 in April 2024, up 2.8% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $118K | $140K | +18.6% |
| 3 Bedrooms | $182.5K | $197.5K | +8.2% |
| 4 Bedrooms | $231.5K | $252.5K | +9.1% |
| 5+ Bedrooms | - | $232K | N/A |
Summary: Blooming Prairie Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Blooming Prairie | $191K | $202.5K | +6.0% |
| Blooming Prairie Township | $197K | $202.5K | +2.8% |
Housing Supply in Blooming Prairie Township, MN
How many homes are available in Blooming Prairie Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Blooming Prairie Township real estate market had 13 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Blooming Prairie Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blooming Prairie Township, 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 Township in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Blooming Prairie Township, MN
How long does it take to sell a home in Blooming Prairie Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +16.7% |
Summary: Homes in Blooming Prairie Township had an average of 44 days on market in Apr 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blooming Prairie Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Blooming Prairie Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
