Bloomington, MN Foreclosures
Current Market Conditions in in Bloomington, MN As of February 2026?
In the past month, Bloomington's real estate market has been characterized by a consistent demand for homes despite rising interest rates. Inventory remains low, with houses selling quickly on the market. As homes are sold, the average time on market has decreased, indicating that buyers are eager to make swift decisions. The community's strong amenities, schools, and overall lifestyle continue to drive interest, leading to stable home prices even as listings fluctuate.
How much do homes sell for in Bloomington, MN?
The average home price is currently $458,923.
What’s the average rental cost in Bloomington, MN?
The average rental price in Bloomington is $1,746.
What is the most expensive home in Bloomington?
The most expensive home sold in Bloomington had a price of $93,367,076.
What is currently the cheapest priced home in Bloomington, MN?
The cheapest home for sale in Bloomington is priced at $14,749.
Living in Bloomington, MN
Bloomington, MN is a bustling suburb of Minneapolis known for its strong community focus, excellent schools, and a range of recreational activities. With attractions like the Mall of America and beautiful parks, it offers a vibrant lifestyle that attracts families and professionals alike.
Buyer vs Seller Market in Bloomington, MN
Over the past few months, the Bloomington real estate market has shown signs of demand stability, with a slight increase in median home prices. As interest rates fluctuate, many buyers remain motivated by the area's quality of life and convenient location, prompting a steady influx of new residents to the market.
Bloomington continues to be a desirable area for homebuyers, supported by low inventory levels and rising property values. The combination of good schools, recreational opportunities, and a central location relative to Minneapolis creates a strong appeal, ensuring homes remain competitively sought after.
Home Value Estimator For Bloomington, MN
There are currently 25,231 real estate properties
in Bloomington, MN,
with a median automated valuation model (AVM) price
of $367,182.00. 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 $458,923.00, with the most expensive house
in Bloomington, MN, topping out
at $93,367,076.00 and the cheapest home
in Bloomington, MN,
clocking in at $14,749.00. 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 $1,746.00. 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.
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