Is Mount Vernon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Vernon was a Neutral Market.
Housing Prices in Mount Vernon, NY
How much do homes in Mount Vernon, NY cost?
Median Sold Price
$481,000
$226/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 $481,000 in March 2024, down 7.9% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | $136.5K | +7.9% |
2 Bedrooms | $212.5K | $232.5K | +9.4% |
3 Bedrooms | $562.5K | $530K | -5.8% |
4 Bedrooms | $635K | $634K | -0.2% |
5+ Bedrooms | $685K | $707.5K | +3.3% |
Summary: Mount Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $887K | $1.2M | +40.9% |
Pelham | $899K | $982K | +9.2% |
Yonkers | $443.6K | $476.9K | +7.5% |
Bronxville | $427.6K | $455K | +6.4% |
Mount Vernon | $522.5K | $481K | -7.9% |
Housing Supply in Mount Vernon, NY
How many homes are available in Mount Vernon, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
223 | 235 | +5.4% |
Summary: The Mount Vernon real estate market had 235 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 55 | 58 | +5.5% |
2 Bedrooms | 44 | 40 | -9.1% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 63 | 70 | +11.1% |
Summary: The Mount Vernon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Mount Vernon in March 2024, down by 14.8% month-over-month. Of the 23 sold homes, 52% were sold under asking, 17% were sold at asking, and 30% were sold over asking.
Days on Market for Mount Vernon, NY
How long does it take to sell a home in Mount Vernon, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 67 Days | -32.1% |
Summary: Homes in Mount Vernon had an average of 67 days on market in Mar 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Mount Vernon; 35% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.