Is Mount Vernon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Vernon has remained a Buyer's Market.
Housing Prices in Mount Vernon, NY
How much do homes in Mount Vernon, NY cost?
Median Sold Price
$475,000
$228/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 $475,000 in April 2024, down 8.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.5K | $135K | +6.7% |
2 Bedrooms | $215K | $235K | +9.3% |
3 Bedrooms | $550K | $545K | -0.9% |
4 Bedrooms | $635K | $670K | +5.5% |
5+ Bedrooms | $682.5K | $710K | +4.0% |
Summary: Mount Vernon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Pelham Manor | $899K | $1.2M | +40.8% |
Pelham | $897K | $999K | +11.4% |
Bronxville | $425K | $470K | +10.6% |
Yonkers | $439.4K | $484.7K | +10.3% |
Mount Vernon | $520K | $475K | -8.7% |
Housing Supply in Mount Vernon, NY
How many homes are available in Mount Vernon, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
225 | 256 | +13.8% |
Summary: The Mount Vernon real estate market had 256 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 59 | 61 | +3.4% |
2 Bedrooms | 39 | 38 | -2.6% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 30 | 39 | +30.0% |
5+ Bedrooms | 65 | 80 | +23.1% |
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 3.4%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Mount Vernon in April 2024, up by 8.3% month-over-month. Of the 26 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for Mount Vernon, NY
How long does it take to sell a home in Mount Vernon, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 63 Days | -29.3% |
Summary: Homes in Mount Vernon had an average of 63 days on market in Apr 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Mount Vernon; 35% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.