Is Mound, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$430,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mound was $430,000 in February 2024, up 1.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $160K | +23.1% |
2 Bedrooms | $268K | $285K | +6.3% |
3 Bedrooms | $380.9K | $368K | -3.4% |
4 Bedrooms | $625K | $919.5K | +47.1% |
5+ Bedrooms | $812.3K | $902.5K | +11.1% |
Summary: Mound housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Minnetrista | $630K | $682.5K | +8.3% |
Mound | $425K | $430K | +1.2% |
Shorewood | $754.9K | $755K | 0.0% |
Orono | $1.1M | $1.0M | -7.6% |
Housing Supply in Mound, MN
How many homes are available in Mound, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
78 | 83 | +6.4% |
Summary: The Mound real estate market had 83 homes for sale in February 2024, a 6.4% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Mound housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Mound in February 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 49 Days | +23.6% |
Summary: Homes in Mound had an average of 49 days on market in Feb 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Mound; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.