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South Hennepin News

Wednesday, November 6, 2024

Mound home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Mound fell by $5,750 while total sales decreased by 5.9%, according to BlockShopper.com.

From July through December of 2019, there were 112 homes sold, with a median sale price of $254,250 - a 2.2% decrease over the $260,000 median sale price for the same period of the previous year. There were 119 homes sold in Mound in the second half of 2018.

The median sales tax in Mound for the most recent year with available data, 2015, was $2,899, approximately 1.1% of the median home sale price for the second half of 2019.

The following table compares Mound to other Hennepin County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Maple Plain135160%$270,000$280,000-3.6%
Richfield305339-10%$270,000$250,0008%
New Hope148181-18.2%$262,200$244,0007.5%
Brooklyn Park539669-19.4%$258,000$245,0005.3%
Loretto147100%$257,500$257,600-0%
Mound112119-5.9%$254,250$260,000-2.2%
Hanover7540%$246,380$320,000-23%
Crystal238285-16.5%$240,000$214,00012.1%
Robbinsdale160174-8%$237,150$224,9505.4%
Osseo2022-9.1%$235,450$214,00010%
Brooklyn Center242306-20.9%$220,000$196,75011.8%

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