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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Vernon Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mount Vernon Township has remained a Seller's Market.

Key Takeaway

Mount Vernon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Vernon Township, IA

How much do homes in Mount Vernon Township, IA cost?

Median Sold Price

$360,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,000(+24.1%)

Key Takeaway

Homes in Mount Vernon Township have sold for 24.1% more than they did a year ago.

Summary: The median home sold price in Mount Vernon Township was $360,000 in November 2024, up 24.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$161.5K
N/A
2 $160.7K$232.5K
+44.6%
3 $246.5K$376.2K
+52.6%
4 $294.5K$437.5K
+48.6%
5+ $564.6K$522.4K
-7.5%

Summary: Mount Vernon Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.6%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes decreased by 7.5%.

Housing Supply in Mount Vernon Township, IA

How many homes are available in Mount Vernon Township, IA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2722-18.5%

Summary: The Mount Vernon Township real estate market had 22 homes for sale in November 2024, a 18.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 1212
0.0%
4 63
-50.0%
5+ 76
-14.3%

Summary: The Mount Vernon Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Vernon Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Mount Vernon Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Mount Vernon Township, IA

How long does it take to sell a home in Mount Vernon Township, IA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days26 Days+62.6%

Summary: Homes in Mount Vernon Township had an average of 26 days on market in Nov 2024, up by 62.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Vernon Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Mount Vernon Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 22 Days Ago

Newest Listings in Mount Vernon Township, IA

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