$2,849 Closing Credit*
$239,900
1,938 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Blooming Prairie, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Blooming Prairie was a Buyer's Market.
Key Takeaway
Blooming Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blooming Prairie, MN
How much do homes in Blooming Prairie, MN cost?
Median Sold Price
$210,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,000(+6.6%)
Key Takeaway
Homes in Blooming Prairie have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Blooming Prairie was $210,000 in October 2024, up 6.6% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $118K | $183.5K | +55.5% |
| 3 Bedrooms | $160K | $185K | +15.6% |
| 4 Bedrooms | $238K | $258K | +8.4% |
| 5+ Bedrooms | $232K | $374.9K | +61.6% |
Summary: Blooming Prairie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 61.6%.
Median Sold Price Compared To Nearby Cities
| Blooming Prairie | $197K | $210K | +6.6% |
| Blooming Prairie Township | $197K | $210K | +6.6% |
Housing Supply in Blooming Prairie, MN
How many homes are available in Blooming Prairie, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Blooming Prairie real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blooming Prairie housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 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, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Blooming Prairie in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 32 Days | -34.7% |
Summary: Homes in Blooming Prairie had an average of 32 days on market in Oct 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 October 2024, 4 homes were sold in Blooming Prairie; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
