Is Mount Vernon, KY 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, KY
How much do homes in Mount Vernon, KY cost?
Median Sold Price
$179,900
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $84.2K | $65K | -22.8% |
3 Bedrooms | $175K | $171.2K | -2.2% |
4 Bedrooms | $256.4K | $239.2K | -6.7% |
5+ Bedrooms | $240K | $565.5K | +135.6% |
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 decreased by 22.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 135.6%.
Housing Supply in Mount Vernon, KY
How many homes are available in Mount Vernon, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Mount Vernon real estate market had 16 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mount Vernon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mount Vernon in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Vernon, KY
How long does it take to sell a home in Mount Vernon, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 28 Days | +13.7% |
Summary: Homes in Mount Vernon had an average of 28 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Mount Vernon; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.