Is Mount Vernon, VA 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 November 2021

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.

How much do homes in Mount Vernon, VA cost?

Median Sold Price

$650,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,600(+3.1%)

Key Takeaway

Homes in Mount Vernon have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $225K$236.5K
+5.1%
2 $366.3K$392K
+7.0%
3 $537.5K$585K
+8.8%
4 $750K$770K
+2.7%
5+ $886.8K$967.5K
+9.1%

Median Sold Price Compared To Nearby Cities

Lee
+4.6%
Mount Vernon
+3.1%
Alexandria
+1.1%
Alexandria
-7.8%

How many homes are available in Mount Vernon, VA?

Number of Homes For Sale

Oct 2022Nov 2022%
434426-1.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1820
+11.1%
2 5964
+8.5%
3 127119
-6.3%
4 142138
-2.8%
5+ 8885
-3.4%

Number of Homes Sold

Oct 2022Nov 2022%
7587+16.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

23 Homes Were 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. 43.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days20 Days-14.1%

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Vernon are selling fast, if you're buying plan to act quickly.

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

About Mount Vernon, VA

Number of homes for sale in Mount Vernon, VA real estate market have reached 426. In November 2022 in Mount Vernon, VA there were 1.8% less homes for sale than in October 2022. In November 2022 median list price was $650,000 and the average listing age was 20 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 5.1% more expensive, prices of 2 bedrooms properties increased by 7%, the cost of 3 bedrooms properties went up by 8.8%, prices of 4 bedrooms properties went up by 2.7%, prices of 5 bedrooms properties increased by 9.1%. This housing market inventory have changed: number of 1 bedroom homes increased by 11.1%, 2 bedrooms homes inventory increased by 8.5%, number of 3 bedrooms homes decreased by 6.3%, volume of 4 bedrooms homes went down by 2.8%, 5 bedrooms homes inventory decreased by 3.4%. Over 23 listings were sold over their listed price in November 2022 in Mount Vernon, VA. In the same period over 38 listings were sold below the listed price and 26 listings were sold for the listed price.

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