Bloomington, MN Foreclosures
How much do homes sell for in Bloomington, MN?
The average home price is currently $393,795.
In Bloomington, MN, how many homes are available?
There are currently 125 active home listings available in Bloomington.
What’s the average rental cost in Bloomington, MN?
The average rental price in Bloomington is $1,745.
What is the most expensive home in Bloomington?
The most expensive home sold in Bloomington had a price of $5,566,909.
What is currently the cheapest priced home in Bloomington, MN?
The cheapest home for sale in Bloomington is priced at $15,330.
Living in Bloomington, MN
Bloomington, MN, is a thriving suburb of the Twin Cities known for its proximity to the Mall of America, while offering residents family-friendly amenities and excellent schools. The city boasts numerous parks and outdoor spaces, making it a hub for recreational activities. Its strong community ties and growing economy create a desirable living environment for many.
Current Market Conditions in Bloomington, MN
The real estate market in Bloomington, MN, remains robust, characterized by high demand and relatively low inventory. The median home price has seen a steady increase over the past year, appealing to both first-time buyers and investors. Investors are particularly drawn to the rental market, given the area's proximity to employment centers and recreational activities.
The demand for single-family homes continues to drive prices up, making it a seller's market. However, the construction of new multi-family units may help balance the supply-demand equation. Potential homebuyers should act quickly, as well-priced homes do not stay on the market for long.
Home Value Estimator For Bloomington, MN
There are currently 22,690 real estate properties
in Bloomington, MN,
with a median automated valuation model (AVM) price
of $377,319.00. 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, MN, 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, MN,
is $393,795.00, with the most expensive house
in Bloomington, MN, topping out
at $5,566,909.00 and the cheapest home
in Bloomington, MN,
clocking in at $15,330.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Bloomington, MN!
Rent Prices
In Bloomington, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Bloomington, MN, is on
a rollercoaster ride. The
average rent price in Bloomington, MN,
is $1,745.00. Indeed, when looking to rent in
Bloomington, MN, you can expect to pay as little
as $630.00 or as much
as $4,820.00,
with the average rent median estimated to
be $1,680.00. The good news is that finding
an affordable and desirable property to rent in Bloomington, MN
-- 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.
Learn more on Foreclosure homes
