Is Mount Vernon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mount Vernon has remained a Seller's Market.
Housing Prices in Mount Vernon, OH
How much do homes in Mount Vernon, OH cost?
Median Sold Price
$215,187
$138/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 $215,187 in March 2024, up 23% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100.5K | - | N/A |
2 Bedrooms | $145K | $167.5K | +15.5% |
3 Bedrooms | $182.5K | $214.9K | +17.8% |
4 Bedrooms | $227.5K | $284.5K | +25.1% |
5+ Bedrooms | $475K | $410K | -13.7% |
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 15.5%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 25.1%, and 5+ bedroom homes decreased by 13.7%.
Median Sold Price Compared To Nearby Cities
Mount Vernon | $175K | $215.1K | +23.0% |
Monroe Township | $330.5K | $345K | +4.4% |
Clinton Township | $232K | $187.7K | -19.1% |
Housing Supply in Mount Vernon, OH
How many homes are available in Mount Vernon, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 95 | +9.2% |
Summary: The Mount Vernon real estate market had 95 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 40 | 45 | +12.5% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 14 | 15 | +7.1% |
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 increased by 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Mount Vernon in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Mount Vernon, OH
How long does it take to sell a home in Mount Vernon, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 39 Days | +20.2% |
Summary: Homes in Mount Vernon had an average of 39 days on market in Mar 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Mount Vernon; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.