Is Mount Vernon, VA 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.
Housing Prices in Mount Vernon, VA
How much do homes in Mount Vernon, VA cost?
Median Sold Price
$669,500
$328/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 $669,500 in April 2024, up 2.7% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $215K | -6.5% |
2 Bedrooms | $395K | $403.5K | +2.2% |
3 Bedrooms | $585K | $615K | +5.1% |
4 Bedrooms | $770K | $818K | +6.2% |
5+ Bedrooms | $968.7K | $925K | -4.5% |
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 6.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Alexandria | $597.2K | $640K | +7.2% |
Alexandria | $600K | $641.4K | +6.9% |
Lee | $575K | $594.5K | +3.4% |
Mount Vernon | $651.6K | $669.5K | +2.7% |
Occoquan | $550K | $490K | -10.9% |
Housing Supply in Mount Vernon, VA
How many homes are available in Mount Vernon, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
279 | 355 | +27.2% |
Summary: The Mount Vernon real estate market had 355 homes for sale in April 2024, a 27.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 27 | +68.8% |
2 Bedrooms | 47 | 48 | +2.1% |
3 Bedrooms | 72 | 93 | +29.2% |
4 Bedrooms | 85 | 114 | +34.1% |
5+ Bedrooms | 59 | 73 | +23.7% |
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 68.8%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 101 | +12.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Mount Vernon in April 2024, up by 12.2% month-over-month. Of the 101 sold homes, 20% were sold under asking, 21% were sold at asking, and 59% were sold over asking.
Days on Market for Mount Vernon, VA
How long does it take to sell a home in Mount Vernon, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 16 Days | -23.3% |
Summary: Homes in Mount Vernon had an average of 16 days on market in Apr 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 101 homes were sold in Mount Vernon; 85% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.