Is Mount Vernon, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$561,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mount Vernon was $561,500 in June 2024, up 9.1% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $410K | +26.2% |
2 Bedrooms | $384K | $432.5K | +12.6% |
3 Bedrooms | $514K | $550K | +7.0% |
4 Bedrooms | $561K | $628K | +11.9% |
5+ Bedrooms | $612K | $657.5K | +7.4% |
Summary: Mount Vernon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
Conway | $770K | $994.9K | +29.2% |
Burlington | $459.2K | $515K | +12.1% |
Mount Vernon | $514.5K | $561.5K | +9.1% |
Housing Supply in Mount Vernon, WA
How many homes are available in Mount Vernon, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
149 | 164 | +10.1% |
Summary: The Mount Vernon real estate market had 164 homes for sale in June 2024, a 10.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 87 | 96 | +10.3% |
4 Bedrooms | 35 | 36 | +2.9% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mount Vernon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Mount Vernon in June 2024, down by 2.5% month-over-month. Of the 39 sold homes, 33% were sold under asking, 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 18 Days | -25.6% |
Summary: Homes in Mount Vernon had an average of 18 days on market in Jun 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 39 homes were sold in Mount Vernon; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.