Is Bloomington, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bloomington is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Bloomington has remained a Seller's Market.

Key Takeaway

Bloomington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bloomington, MN cost?

Median Sold Price

$350,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$20,099(+6.1%)

Key Takeaway

Homes in Bloomington have sold for 6.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $160K$175K
+9.4%
2 $230K$252K
+9.6%
3 $328K$347.5K
+6.0%
4 $380.2K$403.7K
+6.2%
5+ $469.1K$472.5K
+0.7%

Median Sold Price Compared To Nearby Cities

Savage
+9.6%
Bloomington
+6.1%
Burnsville
+4.3%
Richfield
+3.1%
Edina
0.5%

How many homes are available in Bloomington, MN?

Number of Homes For Sale

Dec 2022Jan 2023%
143120-16.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 13
+200.0%
2 4440
-9.1%
3 4642
-8.7%
4 4226
-38.1%
5+ 109
-10.0%

Number of Homes Sold

Dec 2022Jan 2023%
5836-37.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bloomington, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
37 Days47 Days+24.2%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bloomington has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

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8350 Nicollet Ave S, Bloomington, MN 55420

$280,000

4

1 Full, 1 Partial

1,501 SqFt

8350 Nicollet Ave S, Bloomington MN, 55420

Listing Office:

Realty Group LLC

#6328867

MLS logo
8536 1st Ave S, Bloomington, MN 55420

Coming Soon

$339,000

4

1

1,650 SqFt

8536 1st Ave S, Bloomington MN, 55420

Listing Office:

Realty Group LLC

#6328573

MLS logo
2830 Washburn Pl, Bloomington, MN 55431

$355,000

3

1

2,752 SqFt

2830 Washburn Pl, Bloomington MN, 55431

Listing Office:

eXp Realty

#6327573

MLS logo
8411 4th Ave S, Bloomington, MN 55420

$310,000

3

1

1,284 SqFt

8411 4th Ave S, Bloomington MN, 55420

Listing Office:

Better Homes and Gardens Real Estate - All Seasons

#6328363

MLS logo
9849 Xerxes Curv S, Bloomington, MN 55431

Coming Soon

$450,000

5

1

2,528 SqFt

9849 Xerxes Curv S, Bloomington MN, 55431

Listing Office:

RE/MAX Results

#6328304

MLS logo
9400 Old Cedar Ave S Unit 217, Bloomington, MN 55425

$179,900

2

1 Full, 1 Partial

980 SqFt

9400 Old Cedar Ave S Unit 217, Bloomington MN, 55425

Listing Office:

Greater Midwest Realty

#6328122

MLS logo
7641 85th St, Bloomington, MN 55438

$600,000

6

2

3,019 SqFt

7641 85th St, Bloomington MN, 55438

Listing Office:

Creative Results

#6328170

MLS logo
10241 Cavell Cir, Bloomington, MN 55438

$239,999

2

1 Full, 1 Partial

1,360 SqFt

10241 Cavell Cir, Bloomington MN, 55438

Listing Office:

Minnesota Realty Guide, LLC

#6328160

MLS logo
3801 98th St Unit 310, Bloomington, MN 55431

$175,000

2

2

1,302 SqFt

3801 98th St Unit 310, Bloomington MN, 55431

Listing Office:

Coldwell Banker Realty

#6327926

MLS logo
2340 110th St, Bloomington, MN 55431

$375,000

4

1 Full, 1 Partial

2,420 SqFt

2340 110th St, Bloomington MN, 55431

Listing Office:

Keller Williams Classic Rlty NW

#6305668

MLS logo
8526 14th Ave S, Bloomington, MN 55425

Coming Soon

$310,000

2

1 Full, 1 Partial

1,450 SqFt

8526 14th Ave S, Bloomington MN, 55425

Listing Office:

Edina Realty, Inc.

#6327188

MLS logo
8121 34th Ave S Unit 103, Bloomington, MN 55425

$269,000

2

1

1,800 SqFt

8121 34th Ave S Unit 103, Bloomington MN, 55425

Listing Office:

RE/MAX Results

#6325245

MLS logo

About Bloomington, MN

Bloomington, MN has 120 homes on the market. The number of listings in Bloomington, MN decreased by 16.1% between December 2022 and January 2023. In January 2023 median list price was $350,000 and the average listing age was 47 days. Listing prices have changed in this real estate market between December 2022 and January 2023: prices of 1 bedroom properties went up by 9.4%, prices of 2 bedrooms properties went up by 9.6%, the cost of 3 bedrooms properties went up by 6%, prices of 4 bedrooms properties increased by 6.2%, prices of 5 bedrooms properties increased by 0.7%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 200%, 2 bedrooms homes inventory decreased by 9.1%, volume of 3 bedrooms homes went down by 8.7%, 4 bedrooms homes inventory decreased by 38.1%, 5 bedrooms homes inventory decreased by 10%. While more than 10 listings in Bloomington, MN in January 2023 were sold above asking price, there were more than 6 listings sold at asking price, and more than 20 were sold below.

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., and Wisconsin Real Estate Exchange for the period 02/01/2021 - 02/01/2023

Broker Reciprocity Copyright © 2023 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2023, 12:22:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

© 2023 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2023, 11:51:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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