Is Mounds View, 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, Mounds View has remained a Seller's Market.
Key Takeaway
Mounds View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mounds View, MN
How much do homes in Mounds View, MN cost?
Median Sold Price
$317,500
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mounds View have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Mounds View was $317,500 in April 2024, down 0.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $251.2K | +14.2% |
| 3 Bedrooms | $311.5K | $310K | -0.5% |
| 4 Bedrooms | $372.4K | $375K | +0.7% |
| 5+ Bedrooms | $410K | $425K | +3.7% |
Summary: Mounds View housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Mounds View, MN
How many homes are available in Mounds View, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Mounds View real estate market had 32 homes for sale in April 2024, a 28.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 4 | 11 | +175.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mounds View housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 175%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mounds View, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Mounds View in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Mounds View, MN
How long does it take to sell a home in Mounds View, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 20 Days | +36.5% |
Summary: Homes in Mounds View had an average of 20 days on market in Apr 2024, up by 36.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mounds View are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Mounds View; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
