Homes for Sale in Bloomington, MN
Bloomington is Minnesota's fourth-largest city, situated on the north bank of the Minnesota River. It is globally recognized as the home of the Mall of America and serves as a major hospitality and business hub. The city boasts extensive nature reserves, including the Minnesota Valley National Wildlife Refuge.
Why Live in Bloomington
Bloomington Market Snapshot
Monthly figures from the NorthstarMLS Local Market Update.
Median Sales Price
% of Original List Price Received
Days on Market
Closed Sales
Homes for Sale
Months Supply
Supply vs. Demand Trends
Bloomington Housing Market Today
Here is where the Bloomington market stood in August 2026. The median sale price has increased by 6% from last year to $385,750. Homes are selling 2 days longer than last year, averaging 38 days on market, and sellers are receiving 99.1% of their original asking price. The area is currently a seller's market with 2.2 months of supply. Active inventory is up 15% from last year to 178 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
In Bloomington, homes were most commonly built in 1950-1959, about 66% of occupied homes are owner-occupied, and the average commute is 21 minutes. Roughly 53% of homes are single-family detached, and the median home was built in 1972.
Homeowners with a mortgage typically spend $2,052 a month on housing costs, similar to the Twin Cities metro and the median property tax bill is $3,881 a year.
Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.
Bloomington market questions
Is Bloomington a buyer's or seller's market?
Bloomington was a seller's market in August 2026, with 2.2 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 178 homes for sale.
How fast are homes selling in Bloomington?
Homes that sold in August 2026 spent an average of 38 days on market, 2 days slower than a year earlier. Sellers received 99.1% of their original list price on average.
Are home prices going up in Bloomington?
Yes. The median sale price rose 6.3% year over year to $385,750. Price per square foot moved the other way (from $204 to $202), which suggests the change mostly reflects the mix of homes sold.
Living in Bloomington
Housing, cost of ownership and commuting, compared with the Twin Cities metro.
In Bloomington, homes were most commonly built in 1950-1959, about 66% of occupied homes are owner-occupied, and the average commute is 21 minutes.
Data: ACS 2020-2024 5-year estimates
What does it cost to own a home in Bloomington?
Homeowners with a mortgage typically pay $2,052 a month in housing costs and the median property tax bill is $3,881 a year.
Median home value
$361,700
Similar to the Twin Cities metro
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$3,881/yr
Similar to the Twin Cities metro
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$2,052/mo
Similar to the Twin Cities metro
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$807/mo
Similar to the Twin Cities metro
Median monthly housing costs for owners without a mortgage.
Median rent
$1,561/mo
Higher than the Twin Cities metro
The midpoint of monthly gross rent, including utilities.
What are homes like in Bloomington?
About 66% of occupied homes are owner-occupied and the median home was built in 1972.
Owner-occupied homes
66%
Lower than Twin Cities metro overall
The share of occupied homes lived in by their owners.
Median year built
1972
Similar to the Twin Cities metro
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 2020 or later2%
- 2010-20196%
- 2000-20094%
- 1990-19996%
- 1980-198916%
- 1970-197921%
- 1960-196918%
- 1950-195922%
- 1940-19493%
- 1939 or earlier3%
Types of homes
The share of housing units in each building type.
- Single-family detached53%
- Townhome / attached10%
- 2-4 units4%
- 5+ units34%
How do people get around in Bloomington?
The average one-way commute is 21 min and 93% of homes have broadband.
Average commute
21 min
Lower than the Twin Cities metro
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone63%
- Carpool7%
- Public transit4%
- Walk or bike2%
- Work from home22%
Homes with broadband
93%
Similar than Twin Cities metro overall
The share of households with a broadband internet subscription.
What's Nearby in Bloomington
OpenStreetMap lists 75 parks, 33 trails, 14 beaches and boat launches, 3 libraries, 19 schools, and 9 grocery stores within the Bloomington city boundary.
Parks
75
- Bloomington Off-Leash Dog Park
- Brookside Park
- Bryant Park
- Brye Park
- Cedarcrest Park
Trails
33
- 35W Bicycle & Pedestrian Crossing
- 494 Bikeway
- 86th Street Dedicated Lane
- Bloomington Ferry Trail
- Bloomington Ferry Trail Bridge
Beaches and boat launches
14
- Bush Lake Beach
- Russell A. Sorenson Landing
Libraries
3
- Little free library
- Oxboro Library
- Penn Lake Library
Schools
19
- Bloomington Living Hope Lutheran School
- Community Education Center
- Hubert Olson Elementary School
- Hubert Olson Middle School
- Indian Mounds Elementary School
Grocery stores
9
- Cub Foods
- Desi Brothers Farmers Market
- Festival Foods
- Fresh Thyme Market
- Hana Market
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