The Bloomington housing market is very competitive. The median sale price of a home in Bloomington was $366K last month, up 8.3% since last year. The median sale price per square foot in Bloomington is $191, up 1.6% since last year.
What is the housing market like in Bloomington today?
In April 2024, Bloomington home prices were up 8.3% compared to last year, selling for a median price of $366K. On average, homes in Bloomington sell after 18 days on the market compared to 14 days last year. There were 79 homes sold in April this year, up from 62 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$365,500
+8.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Bloomington, MN
$365,500
+8.3%
United States
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How hot is the Bloomington housing market?
Bloomington is very competitive. Homes sell in 15 days.
0
100
85
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 15 days.
Hot homes
can sell for about 4% above list price and go pending in around 6 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Bloomington
Explore recent offers and recently sold homes in Bloomington
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Bloomington housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Bloomington.
Risk Factor
Flood Factor - Major
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Bloomington has a major risk of flooding. 1,788 properties in Bloomington are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Bloomington. Flood risk is increasing slower than the national average.
28% of properties are at risk of wildfire over the next 30 years
Fire Factor
Bloomington has a moderate risk of wildfire. There are 7,608 properties in Bloomington that have some risk of being affected by wildfire over the next 30 years. This represents 28% of all properties in Bloomington.
Bloomington has minimal risk of severe winds over the next 30 years
Wind Factor
Bloomington has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.