What happened to the median home price in Bloomington during Q2?

Medium realestate1

The median sale price of a home sold in the second quarter of 2022 in Bloomington rose by $20,000 while total sales increased by 23.3 percent, according to BlockShopper.com.

From April through June, there were 275 homes sold, with a median sale price of $370,000 - a 5.7 percent increase over the $350,000 median sale price for the same period of the previous year. There were 223 homes sold in Bloomington in the second quarter of 2021.

The median sales tax in Bloomington for the most recent year with available data, 2019, was $3,580, approximately one percent of the median home sale price for the second quarter of 2022.

The following table compares Bloomington to other Hennepin County cities with similar median sale prices in the second quarter of 2022:

CityApril - June 2022 Home SalesApril - June 2021 Home Sales% change (Total Home Sales)April - June 2022 Median Sales PriceApril - June 2021 Median Sales Price% change (Median Sales Price)
Maple Grove28623919.7$409,500$396,0003.4
St. Louis Park20114043.6$400,000$392,8001.8
New Hope795349.1$342,000$340,0000.6
Brooklyn Park29822631.9$340,000$325,5744.4

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