Is Mount Vernon, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Mount Vernon was a Neutral Market.
Housing Prices in Mount Vernon, IA
How much do homes in Mount Vernon, IA cost?
Median Sold Price
$299,475
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Mount Vernon was $299,475 in February 2024, down 1.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $285K | $162.5K | -43.0% |
3 Bedrooms | $264.7K | $252.5K | -4.6% |
4 Bedrooms | $324K | $299.4K | -7.6% |
5+ Bedrooms | $427.5K | $589.7K | +38.0% |
Summary: Mount Vernon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $263.5K | $294K | +11.6% |
Mount Vernon | $305K | $299.4K | -1.8% |
Housing Supply in Mount Vernon, IA
How many homes are available in Mount Vernon, IA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Summary: The Mount Vernon real estate market had 18 homes for sale in February 2024, a 50.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mount Vernon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mount Vernon in February 2024, down by 50.0% month-over-month. Of the 1 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
74 Days | 15 Days | -79.9% |
Summary: Homes in Mount Vernon had an average of 15 days on market in Feb 2024, down by 79.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 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.