Is Mound, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mound was a Seller's Market.
Housing Prices in Mound, MN
How much do homes in Mound, MN cost?
Median Sold Price
$427,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mound was $427,500 in March 2024, down 1.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $160K | +16.4% |
2 Bedrooms | $276.4K | $287.5K | +4.0% |
3 Bedrooms | $381.9K | $369K | -3.4% |
4 Bedrooms | $720K | $777.5K | +8.0% |
5+ Bedrooms | $794.7K | $902.5K | +13.6% |
Summary: Mound housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
Shorewood | $700K | $749K | +7.0% |
Minnetrista | $632.4K | $673.4K | +6.5% |
Mound | $433K | $427.5K | -1.3% |
Orono | $1.1M | $1.0M | -7.9% |
Housing Supply in Mound, MN
How many homes are available in Mound, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 92 | +12.2% |
Summary: The Mound real estate market had 92 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 10 | 16 | +60.0% |
Summary: The Mound housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 12 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Mound in March 2024, down by 25.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 40 Days | -0.3% |
Summary: Homes in Mound had an average of 40 days on market in Mar 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Mound; 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.