Is Mound Township, 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 Township has remained a Seller's Market.
Key Takeaway
Mound Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mound Township, MN
How much do homes in Mound Township, MN cost?
Median Sold Price
$422,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mound Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Mound Township was $422,500 in April 2024, down 3.1% 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 | $152.5K | $160K | +4.9% |
| 2 Bedrooms | $279.9K | $285K | +1.8% |
| 3 Bedrooms | $381.9K | $370K | -3.1% |
| 4 Bedrooms | $730K | $690K | -5.5% |
| 5+ Bedrooms | $772.3K | $870K | +12.6% |
Summary: Mound Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Luverne Township | $184.5K | $179.4K | -2.7% |
| Mound Township | $436K | $422.5K | -3.1% |
Housing Supply in Mound Township, MN
How many homes are available in Mound Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 107 | +28.9% |
Summary: The Mound Township real estate market had 107 homes for sale in April 2024, a 28.9% 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 | 43 | +30.3% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Mound Township 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 30.3%, 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
Key Takeaway
If you're buying a home in Mound Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Mound Township 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 Township, MN
How long does it take to sell a home in Mound Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 37 Days | +120.0% |
Summary: Homes in Mound Township 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
Key Takeaway
Many homes in Mound Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Mound Township; 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.
