Is Mount Vernon, WA 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 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
$559,620
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Vernon have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Mount Vernon was $559,620 in April 2024, up 10.8% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $330K | -8.3% |
| 2 Bedrooms | $384K | $415K | +8.1% |
| 3 Bedrooms | $510K | $550K | +7.8% |
| 4 Bedrooms | $543.7K | $615K | +13.1% |
| 5+ Bedrooms | $610K | $684.5K | +12.2% |
Summary: Mount Vernon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Conway | $734.9K | $994.9K | +35.4% |
| Burlington | $455K | $522.5K | +14.8% |
| Mount Vernon | $505K | $559.6K | +10.8% |
Housing Supply in Mount Vernon, WA
How many homes are available in Mount Vernon, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 116 | +5.5% |
Summary: The Mount Vernon real estate market had 116 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 68 | 67 | -1.5% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 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 remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 30 | -23.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Mount Vernon in April 2024, down by 23.1% month-over-month. Of the 30 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -19.6% |
Summary: Homes in Mount Vernon had an average of 27 days on market in Apr 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Vernon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Mount Vernon; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.