Is Mount Vernon, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mount Vernon has remained a Buyer's Market.
Housing Prices in Mount Vernon, MD
How much do homes in Mount Vernon, MD cost?
Median Sold Price
$205,000
$123/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Mount Vernon was $205,000 in April 2024, up 11.2% from last month, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $184.4K | $205K | +11.2% |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mount Vernon housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Mount Vernon | $184.4K | $205K | +11.2% |
Midtown Belvedere | $162.5K | $140K | -13.8% |
Housing Supply in Mount Vernon, MD
How many homes are available in Mount Vernon, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Summary: The Mount Vernon real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 2 | +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 decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
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 April 2024, the same as the previous 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, MD
How long does it take to sell a home in Mount Vernon, MD?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 46 Days | +155.6% |
Summary: Homes in Mount Vernon had an average of 46 days on market in Apr 2024, up by 155.6% compared to last month.
Breakdown of Home Sale Times
0 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, 1 homes were sold in Mount Vernon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.