Real Estate Market Update for Mound, MN
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was stable from one year earlier, and up 9% from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 40%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 390-thousand dollars. The number of units sold increased 18% year-over-year, and decreased 9% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Mound, MN
Area Information for Mound, MN
  • Population: 9,220
  • Median Age: 41.81 yr
  • Median Commute Time: 29.84 mins
  • Educational Climate*: 4
  • Sales Tax: 7.275%
  • Population Density: 3,230/sq mi
  • Population Change Since 2000: -2.29%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Crown College
  • Closest Jr. College: Hennepin Technical Cllg-brooklyn Park
  • Median Household Income: $68,183
  • Annual Residential Turnover: 14.38%
  • Median Years in Residence: 4.89 yr
  • Median Home Sales Price: $173,903
  • Closest Major Sports Team: Twins
  • Change Avg. Household Income Since 2000: 12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Mound, MN
Median Age: 41.81 Married: 40% Number of Households: 3,998 Households with Children: 984
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Mound, MN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Grandview Middle School 0.7 mi Public 5-7 5 5
      Hilltop Primary School 0.7 mi Public PRESCHOOL-4 5 5
      Mound-westonka High School 0.9 mi Public 8-12 4-5 3
      277 Westonka Area Learning Academy 0.9 mi Public 10-12 0 0
      Alc Westonka - Intermediate School 0.9 mi Public 8-12 0 0
      Our Lady Of The Lake School 1.0 mi Catholic PRESCHOOL-8 0 5
      Westonka Ecfe 1.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Shirley Hills Primary School 1.4 mi Public PRESCHOOL-4 4-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Mound, MN
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.