Is Mount Vernon, WA 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 May 2023

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.

Housing Prices in Mount Vernon, WA

How much do homes in Mount Vernon, WA cost?

Median Sold Price

$559,000

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$48,523(+9.5%)

Key Takeaway

Homes in Mount Vernon have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Mount Vernon was $559,000 in May 2024, up 9.5% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $347.5K$335K
-3.6%
2 $388K$430K
+10.8%
3 $510K$550K
+7.8%
4 $550K$607.5K
+10.5%
5+ $620K$657.5K
+6.0%

Summary: Mount Vernon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Conway
+34.5%
Burlington
+11.3%
Mount Vernon
+9.5%

Housing Supply in Mount Vernon, WA

How many homes are available in Mount Vernon, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
115155+34.8%

Summary: The Mount Vernon real estate market had 155 homes for sale in May 2024, a 34.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 1121
+90.9%
3 6988
+27.5%
4 2939
+34.5%
5+ 65
-16.7%

Summary: The Mount Vernon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 90.9%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3140+29.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 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. 35% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Mount Vernon in May 2024, up by 29.0% month-over-month. Of the 40 sold homes, 35% 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

May 2023May 2024CHANGE
22 Days40 Days+83.1%

Summary: Homes in Mount Vernon had an average of 40 days on market in May 2024, up by 83.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 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.

Summary: During May 2024, 40 homes were sold in Mount Vernon; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Mount Vernon, WA

Nearby Markets to Mount Vernon, WA

What housing markets are near Mount Vernon, WA?