Is Mount Vernon, OH 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, Mount Vernon has remained a Seller's Market.
Housing Prices in Mount Vernon, OH
How much do homes in Mount Vernon, OH cost?
Median Sold Price
$220,400
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Vernon was $220,400 in April 2024, up 25.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100.5K | - | N/A |
2 Bedrooms | $145K | $163.5K | +12.8% |
3 Bedrooms | $185K | $215K | +16.2% |
4 Bedrooms | $207.5K | $296.4K | +42.9% |
5+ Bedrooms | $337.5K | $410K | +21.5% |
Summary: Mount Vernon 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 12.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Morris Township | $240K | $327.4K | +36.4% |
Mount Vernon | $175.5K | $220.4K | +25.6% |
Pleasant Township | $345K | $376.4K | +9.1% |
Monroe Township | $331K | $331K | 0.0% |
Clinton Township | $236.7K | $186.2K | -21.4% |
Housing Supply in Mount Vernon, OH
How many homes are available in Mount Vernon, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 119 | +20.2% |
Summary: The Mount Vernon real estate market had 119 homes for sale in April 2024, a 20.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 9 | -25.0% |
3 Bedrooms | 46 | 60 | +30.4% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Mount Vernon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Mount Vernon in April 2024, up by 26.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 25% were sold at asking, and 46% were sold over asking.
Days on Market for Mount Vernon, OH
How long does it take to sell a home in Mount Vernon, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 23 Days | -44.8% |
Summary: Homes in Mount Vernon had an average of 23 days on market in Apr 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Mount Vernon; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.