Is Mount Vernon, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Vernon is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, AR

How much do homes in Mount Vernon, AR cost?

Median Sold Price

$150,000

$154/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$105,000(-41.2%)

Key Takeaway

Homes in Mount Vernon have sold for 41.2% less than they did a month ago.

Summary: The median home sold price in Mount Vernon was $150,000 in November 2024, down 41.2% from last month, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$150K
N/A
3 $255K-
N/A
4 --
N/A
5+ --
N/A

Summary: Mount Vernon housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Marshall Township
+137.5%
Mount Vernon
-41.2%
Mount Vernon Township
-41.2%

Housing Supply in Mount Vernon, AR

How many homes are available in Mount Vernon, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330.0%

Summary: The Mount Vernon real estate market had 3 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Mount Vernon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Vernon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Mount Vernon in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Vernon, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Mount Vernon, AR

Nearby Markets to Mount Vernon, AR