Is Mount Vernon, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Vernon is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Mount Vernon has remained a Seller's Market.

Key Takeaway

Mount Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Vernon, MO

How much do homes in Mount Vernon, MO cost?

Median Sold Price

$220,550

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$50,650(+29.8%)

Key Takeaway

Homes in Mount Vernon have sold for 29.8% more than they did a year ago.

Summary: The median home sold price in Mount Vernon was $220,550 in March 2024, up 29.8% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$77.5K
N/A
2 $127.1K$130K
+2.3%
3 $173.5K$229.9K
+32.5%
4 $269.9K$233.5K
-13.5%
5+ $330.2K$337.7K
+2.3%

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 2.3%, 3 bedroom homes increased by 32.5%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Mount Vernon Township
+30.2%
Mount Vernon
+29.8%

Housing Supply in Mount Vernon, MO

How many homes are available in Mount Vernon, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4142+2.4%

Summary: The Mount Vernon real estate market had 42 homes for sale in March 2024, a 2.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 2026
+30.0%
4 88
0.0%
5+ 53
-40.0%

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 decreased by 37.5%, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Vernon, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mount Vernon in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Mount Vernon, MO

How long does it take to sell a home in Mount Vernon, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days49 Days+59.8%

Summary: Homes in Mount Vernon had an average of 49 days on market in Mar 2024, up by 59.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mount Vernon has remained consistent over time.

Summary: During March 2024, 8 homes were sold in Mount Vernon; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Mount Vernon, MO

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