Is Mound, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mound has remained a Seller's Market.
Housing Prices in Mound, MN
How much do homes in Mound, MN cost?
Median Sold Price
$422,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mound was $422,500 in April 2024, down 2.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $160K | +10.3% |
2 Bedrooms | $279.9K | $285K | +1.8% |
3 Bedrooms | $380.9K | $370K | -2.9% |
4 Bedrooms | $720K | $690K | -4.2% |
5+ Bedrooms | $850K | $870K | +2.4% |
Summary: Mound housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Minnetrista | $640K | $671.6K | +5.0% |
Shorewood | $701.5K | $729.6K | +4.0% |
Mound | $432.6K | $422.5K | -2.3% |
Orono | $1.1M | $900K | -19.1% |
Spring Park | $775K | $449.9K | -41.9% |
Housing Supply in Mound, MN
How many homes are available in Mound, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 105 | +26.5% |
Summary: The Mound real estate market had 105 homes for sale in April 2024, a 26.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 33 | 41 | +24.2% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Mound housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Mound in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market for Mound, MN
How long does it take to sell a home in Mound, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 37 Days | +120.0% |
Summary: Homes in Mound had an average of 37 days on market in Apr 2024, up by 120% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Mound; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.