Is Mount Vernon, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mount Vernon was a Seller's Market.
Housing Prices in Mount Vernon, IA
How much do homes in Mount Vernon, IA cost?
Median Sold Price
$340,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Vernon was $340,000 in April 2024, up 17.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $216.2K | $340K | +57.2% |
3 Bedrooms | $241.4K | $312.5K | +29.4% |
4 Bedrooms | $294K | $320K | +8.8% |
5+ Bedrooms | $445K | $595.2K | +33.8% |
Summary: Mount Vernon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 57.2%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Cities
Lisbon | $228.2K | $290K | +27.1% |
Franklin Township | $254.9K | $319K | +25.1% |
Lisbon | $225K | $277.5K | +23.3% |
Mount Vernon | $290K | $340K | +17.2% |
Housing Supply in Mount Vernon, IA
How many homes are available in Mount Vernon, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Mount Vernon real estate market had 21 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mount Vernon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mount Vernon in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mount Vernon, IA
How long does it take to sell a home in Mount Vernon, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 20 Days | -47.4% |
Summary: Homes in Mount Vernon had an average of 20 days on market in Apr 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Mount Vernon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.