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Short Sale Listings in Bloomington, IN

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Bloomington, IN Foreclosures

How much do homes sell for in Bloomington, IN?
The average home price is currently $376,213.
In Bloomington, IN, how many homes are available?
There are currently 32 active home listings available in Bloomington.
What’s the average rental cost in Bloomington, IN?
The average rental price in Bloomington is $1,348.
What is the most expensive home in Bloomington?
The most expensive home sold in Bloomington had a price of $13,720,381.
What is currently the cheapest priced home in Bloomington, IN?
The cheapest home for sale in Bloomington is priced at $16,219.

Living in Bloomington, IN

Bloomington, Indiana, is known for its lively social scene and proximity to Indiana University. The city boasts numerous parks and recreational activities, complemented by a rich cultural landscape filled with arts and music events. With a strong sense of community and accessible public transport, it's a desirable living destination.

Current Market Conditions in Bloomington, IN

The real estate market in Bloomington is currently competitive, fueled by the influx of students and young professionals seeking housing near the university. Demand for both rental and purchase properties remains high, leading to a stable appreciation in home values. As of late 2023, inventory is lower than the national average, creating challenges for buyers but opportunities for sellers.

Rent prices have seen an upward trend due to increased demand from university students and faculty. The area is particularly attractive to first-time buyers as well due to its diverse housing options ranging from charming older homes to modern constructions. Investors also find opportunities in rental properties to cater to the student population.

Home Value Estimator For Bloomington, IN

There are currently 34,614 real estate properties in Bloomington, IN, with a median automated valuation model (AVM) price of $321,962.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bloomington, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bloomington, IN, is $376,213.00, with the most expensive house in Bloomington, IN, topping out at $13,720,381.00 and the cheapest home in Bloomington, IN, clocking in at $16,219.00. In other words, there’s something for every potential homebuyer or savvy investor in Bloomington, IN!

Rent Prices In Bloomington, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bloomington, IN, is on a rollercoaster ride. The average rent price in Bloomington, IN, is $1,348.00. Indeed, when looking to rent in Bloomington, IN, you can expect to pay as little as $550.00 or as much as $4,160.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Bloomington, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Bloomington, IN Short Sale Listings

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