Bloomington, Indiana, is more than just the home of the Hoosiers—it’s a vibrant city blending academic energy with Midwestern hospitality. Whether you’re considering a move, scouting for commercial real estate, or simply curious about this dynamic locale, here’s your comprehensive guide to Bloomington’s real estate landscape.
1. Residential Real Estate: A Market on the Rise
As of early 2025, Bloomington’s housing market is experiencing steady growth. The average home value stands at $310,327, marking a 4.0% increase over the past year. Homes typically go pending in around 62 days, indicating a healthy demand.
For those seeking affordability, the median sale price is approximately $280,000, while the median list price hovers around $352,633. This range offers options for both first-time buyers and seasoned investors.
2. Commercial Real Estate: Opportunities Abound
Bloomington’s commercial real estate market is equally promising. With 29 active listings, opportunities span retail, office, and industrial spaces. Notably, properties like the 7,500 sqft industrial/retail space on Walnut Street and a downtown retail building on Washington Street are attracting attention.
The city’s diverse economy, bolstered by Indiana University and a growing tech sector, makes it an attractive destination for businesses and investors alike.
3. Education: A Hub of Academic Excellence
Education is a cornerstone of Bloomington’s identity. Indiana University—Bloomington ranks #73 among National Universities, offering a wide array of programs and contributing significantly to the local economy.
Public schools in the area are equally commendable. Bloomington High School South ranks 16th within Indiana, and Childs Elementary School is among the top-rated elementary schools in the state.
4. Economic Landscape: Steady and Resilient
Bloomington’s economy remains robust, with an unemployment rate of 3.9% as of February 2025. While job growth is projected to be modest, the city’s diverse economic base provides stability and resilience.
5. Lifestyle and Culture: A Vibrant Community
Beyond real estate and economics, Bloomington offers a rich cultural scene. From the B-Line Trail and Monroe Lake to a plethora of local eateries and music venues, the city caters to a wide range of interests. The presence of Indiana University adds a youthful energy and diverse cultural offerings year-round.
Ready to Explore Bloomington Real Estate?
Whether you’re looking to buy, sell, or invest in Bloomington, having a knowledgeable partner is key. As a licensed commercial real estate broker in Indiana, I’m here to guide you through every step of the process. Let’s connect and turn your real estate goals into reality.
Contact me today to get started!
Zillow+1Zillow+1Zillow+1Zillow+1, LoopNetCrexi, FRED+1Indiana Daily Student+1Indiana Business Research Center, U.S. News, GreatSchools.org+2U.S. News+2SchoolDigger+2
Photo By Yahala – Own work, CC BY-SA 3.0
