Is Mount Vernon, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mount Vernon has remained a Buyer's Market.
Housing Prices in Mount Vernon, IA
How much do homes in Mount Vernon, IA cost?
Median Sold Price
$306,250
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mount Vernon was $306,250 in March 2024, up 2.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $216.2K | $249.5K | +15.4% |
3 Bedrooms | $279.9K | $277.5K | -0.9% |
4 Bedrooms | $324K | $299.4K | -7.6% |
5+ Bedrooms | $440K | $589.7K | +34.0% |
Summary: Mount Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $265K | $299K | +12.8% |
Mount Vernon | $297.5K | $306.2K | +2.9% |
Housing Supply in Mount Vernon, IA
How many homes are available in Mount Vernon, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Summary: The Mount Vernon real estate market had 19 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Mount Vernon housing inventory by bedroom type for March 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 decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mount Vernon in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Vernon, IA
How long does it take to sell a home in Mount Vernon, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 15 Days | -74.4% |
Summary: Homes in Mount Vernon had an average of 15 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Mount Vernon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.