Is Mount Vernon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Vernon has remained a Seller's Market.
Housing Prices in Mount Vernon, OH
How much do homes in Mount Vernon, OH cost?
Median Sold Price
$221,333
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Vernon was $221,333 in May 2024, up 19.6% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100.5K | - | N/A |
2 Bedrooms | $145K | $165K | +13.8% |
3 Bedrooms | $190K | $216K | +13.7% |
4 Bedrooms | $240K | $314.1K | +30.9% |
5+ Bedrooms | $310K | $410K | +32.3% |
Summary: Mount Vernon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Cities
Morris Township | $270K | $329.9K | +22.2% |
Mount Vernon | $185K | $221.3K | +19.6% |
Pleasant Township | $356.5K | $383K | +7.4% |
Monroe Township | $330K | $337.5K | +2.3% |
Clinton Township | $231.7K | $188.5K | -18.7% |
Housing Supply in Mount Vernon, OH
How many homes are available in Mount Vernon, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 98 | +8.9% |
Summary: The Mount Vernon real estate market had 98 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 45 | 49 | +8.9% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Mount Vernon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Mount Vernon in May 2024, down by 4.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for Mount Vernon, OH
How long does it take to sell a home in Mount Vernon, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 30 Days | +22.3% |
Summary: Homes in Mount Vernon had an average of 30 days on market in May 2024, up by 22.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Mount Vernon; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.