The fourth largest city in Minnesota, Bloomington is located in Hennepin County. Besides an extensive city park system with over 1,000 square feet of parkland per capita, Bloomington is home to Hyland Lake Park Reserve and Minnesota Valley national Wildlife Refuge. Home to the Mall of America, Bloomington has more jobs per capita than either Minneapolis or St. Paul.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Bloomington Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$215,450||$225,000||+4.4%|
|Days on the market||80||66||-17.5%|
|Months Supply of Inventory||2.7||1.8||-33.3%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Bloomington!
- There are only 1.8 months of inventory on the market which signals an extremely low number of homes on the market. This has pushed the median sales price up 4.4% from last year.
- Many sellers want to wait until the warm summer months to list their home. Our advice? Do it now, before you have more homes on the market to compete with.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Bloomington Real Estate Here
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