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Minnesota State Wire

Wednesday, November 6, 2024

Mound home prices rise in July 2020

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The median sale price of a home sold in July 2020 in Mound rose by $24,900 while total sales decreased by 31.8%, according to BlockShopper.com.

In July 2020, there were 15 homes sold, with a median sale price of $319,900 - a 8.4% increase over the $295,000 median sale price for the same period of the previous year. There were 22 homes sold in Mound in July 2019.

The median sales tax in Mound for the most recent year with available data, 2019, was $3,196, approximately 1% of the median home sale price for July 2020.

The following table compares Mound to other Hennepin County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Shorewood510-50%$370,000$397,500-6.9%
St. Louis Park4787-46%$369,900$306,00020.9%
St. Anthony610-40%$340,500$400,000-14.9%
Maple Grove57142-59.9%$340,000$362,000-6.1%
Maple Plain15-80%$335,000$265,00026.4%
Mound1522-31.8%$319,900$295,0008.4%
Bloomington56139-59.7%$310,000$299,9003.4%
Hopkins1025-60%$309,467.50$301,0002.8%
Minneapolis232596-61.1%$304,062$281,3258.1%
New Hope1430-53.3%$299,950$263,70013.7%
Richfield2479-69.6%$295,000$276,0006.9%

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