SW Mpls Suburbs – Stats

Eden Prairie, Bloomington & Minnetonka

March 2019 – 
Change in…
New Listing Closed Sales Median Sales
Price
Eden Prairie -8.3% -24.4% 2.2%
Bloomington 19.1% -11% 7.3%
Minnetonka 20.4 -7.5 6.9%

Good news for buyers in Bloomington & Minnetonka who are seeing an increase in new listings year over year. The spring snow perhaps is partially to blame for the drop in closed sales in all 3 suburbs. Good news for sellers that median sales price has increased year over year, more in Bloomington & Minnetonka vs. Eden Prairie.

March 2019  Median Sale
Price
Days on Mkt
Until Sale
Months Supply of Inventory
Eden Prairie $366,000 65 1.9
Bloomington $274,200 37 1.1
Minnetonka $347,500 70 2.0

Months supply of inventory remains low in these locations. Days on market is longer in Eden Prairie & Minnetonka where the median sale price is also higher vs. Bloomington.

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