Is Mount Vernon, WA 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, WA
How much do homes in Mount Vernon, WA cost?
Median Sold Price
$553,000
$328/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 $553,000 in March 2024, up 8.4% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362K | $325K | -10.2% |
2 Bedrooms | $389K | $415K | +6.7% |
3 Bedrooms | $513.5K | $545K | +6.1% |
4 Bedrooms | $555.5K | $600K | +8.0% |
5+ Bedrooms | $612K | $635K | +3.8% |
Summary: Mount Vernon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Conway | $734.9K | $965K | +31.3% |
Burlington | $458.5K | $513.5K | +12.0% |
Mount Vernon | $510K | $553K | +8.4% |
Housing Supply in Mount Vernon, WA
How many homes are available in Mount Vernon, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 109 | +18.5% |
Summary: The Mount Vernon real estate market had 109 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 58 | 69 | +19.0% |
4 Bedrooms | 19 | 26 | +36.8% |
5+ Bedrooms | 5 | 3 | -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 increased by 10%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 36 | +44.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Mount Vernon in March 2024, up by 44.0% month-over-month. Of the 36 sold homes, 47% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Vernon, WA
How long does it take to sell a home in Mount Vernon, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 32 Days | -35.9% |
Summary: Homes in Mount Vernon had an average of 32 days on market in Mar 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Mount Vernon; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.