Bloomington home prices rise in the third quarter of 2020

Medium realestate2

The median sale price of a home sold in the third quarter of 2020 in Bloomington rose by $30,300 while total sales decreased by 49.9%, according to

From July through September of 2020, there were 180 homes sold, with a median sale price of $323,500 - a 10.3% increase over the $293,200 median sale price for the same period of the previous year. There were 359 homes sold in Bloomington in the third quarter of 2019.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately 1.1% of the median home sale price for the third quarter of 2020.

The following table compares Bloomington to other Hennepin County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Maple Grove201366-45.1%$370,000$341,7508.3%
St. Louis Park130208-37.5%$365,000$314,50016.1%
St. Anthony1521-28.6%$330,000$380,000-13.2%
Long Lake312-75%$314,900$284,25010.8%

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