Bloomington Real Estate Market Update February 2025

The Bloomington real estate market has been active over the past 12 months, offering buyers and sellers unique opportunities across single-family homes, condos, and townhouses. Single-family homes led the market with 366 total sales, a median sales price of $398,250, and an average of just 11 days on the market. These homes typically offer 4 bedrooms, 2 bathrooms, 2,053 total finished square feet, and a price of $194 per square foot, with annual property taxes averaging $4,340. Condos provided a more affordable option with 90 sales, a median price of $225,500, and 1,106 total finished square feet. Featuring 2 bedrooms and 2 bathrooms, condos sold at $195 per square foot, with property taxes averaging $2,193 annually, though they stayed on the market longer at 32 days. Townhouses offered a balanced choice, with 75 total sales, a median price of $295,000, 1,689 total finished square feet, and 3 bedrooms and 2 bathrooms. Selling at $186 per square foot, townhouses averaged 27 days on the market and had property taxes of $3,067 annually.

Bloomington continues to attract residents with its prime location near Minneapolis, excellent schools, abundant parks, and the iconic Mall of America. With a strong job market, safe neighborhoods, and a welcoming community, Bloomington is an ideal place for families, young professionals, and retirees alike.

If you're thinking about buying, selling, or just want to stay up to date on the Bloomington market, reach out to me today for expert advice and personalized service! 

Happy house hunting!