Why Live in Bloomington
Situated on the northern banks of the Minnesota River, Bloomington offers a balanced residential lifestyle with a thriving outdoor recreation scene and nationally ranked amenities, all just 10 miles south of downtown Minneapolis. Established as a city in 1960, Bloomington was first occupied by the Dakota people for its fertile land and proximity to the river. Later, Europeans would further develop the area for agricultural use and to utilize the river for transport. In the 1950s, the city saw an influx of new residents after the completion of Metropolitan Stadium — the original home of the MLB's Minnesota Twins and the NFL's Minnesota Vikings from 1961 to 1981. This location would later become the site for the Mall of America, or the MOA, the largest mall in the country. Today, Bloomington is home to around 88,000 residents and has developed into one of the Twin Cities' desirable second-ring suburbs. The MOA continues to be a major area attraction, bringing in millions of visitors annually, while also serving as the city's top employer and providing nearly 11,000 jobs to Bloomington's economy. Despite the ebb and flow of tourists, community mainstays like the seasonal Bloomington
Home Trends in Bloomington, MN
On average, homes in Bloomington, MN sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Bloomington, MN over the last 12 months is $370,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$370,000
Median Single Family Sale Price
$389,000
Median Townhouse Sale Price
$312,250
Median 2 Bedroom Sale Price
$177,750
Average Price Per Sq Ft
$204
Number of Homes for Sale
142
Last 12 months Home Sales
836
Median List Price
$369,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%