$3,443 Closing Credit*
$289,900
1,514 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Blooming Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Blooming Prairie was a Seller's Market.
Key Takeaway
Blooming Prairie is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blooming Prairie, MN
How much do homes in Blooming Prairie, MN cost?
Median Sold Price
$210,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,500(+5.8%)
Key Takeaway
Homes in Blooming Prairie have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Blooming Prairie was $210,000 in November 2024, up 5.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | - | N/A |
| 2 Bedrooms | $174K | $183.5K | +5.5% |
| 3 Bedrooms | $170K | $177.5K | +4.4% |
| 4 Bedrooms | $238K | $260K | +9.2% |
| 5+ Bedrooms | $232K | $374.9K | +61.6% |
Summary: Blooming Prairie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 61.6%.
Median Sold Price Compared To Nearby Cities
| Blooming Prairie | $198.5K | $210K | +5.8% |
| Blooming Prairie Township | $198.5K | $210K | +5.8% |
Housing Supply in Blooming Prairie, MN
How many homes are available in Blooming Prairie, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Blooming Prairie real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Blooming Prairie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blooming Prairie, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Blooming Prairie in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Blooming Prairie, MN
How long does it take to sell a home in Blooming Prairie, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 10 Days | -75.9% |
Summary: Homes in Blooming Prairie had an average of 10 days on market in Nov 2024, down by 75.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blooming Prairie are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Blooming Prairie; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
