Is Mount Vernon, WA 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, WA
How much do homes in Mount Vernon, WA cost?
Median Sold Price
$559,000
$333/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 $559,000 in May 2024, up 9.5% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $347.5K | $335K | -3.6% |
2 Bedrooms | $388K | $430K | +10.8% |
3 Bedrooms | $510K | $550K | +7.8% |
4 Bedrooms | $550K | $607.5K | +10.5% |
5+ Bedrooms | $620K | $657.5K | +6.0% |
Summary: Mount Vernon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Conway | $739.9K | $994.9K | +34.5% |
Burlington | $460K | $512K | +11.3% |
Mount Vernon | $510.4K | $559K | +9.5% |
Housing Supply in Mount Vernon, WA
How many homes are available in Mount Vernon, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 155 | +34.8% |
Summary: The Mount Vernon real estate market had 155 homes for sale in May 2024, a 34.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 11 | 21 | +90.9% |
3 Bedrooms | 69 | 88 | +27.5% |
4 Bedrooms | 29 | 39 | +34.5% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mount Vernon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 90.9%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 40 | +29.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Mount Vernon in May 2024, up by 29.0% month-over-month. Of the 40 sold homes, 35% were sold under asking, 33% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 40 Days | +83.1% |
Summary: Homes in Mount Vernon had an average of 40 days on market in May 2024, up by 83.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Mount Vernon; 75% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.