$2,363 Closing Credit*
$199,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Louisville East
Is Mount Vernon, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mount Vernon was a Seller's Market.
Key Takeaway
Mount Vernon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Vernon, KY
How much do homes in Mount Vernon, KY cost?
Median Sold Price
$188,500
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,500(+4.7%)
Key Takeaway
Homes in Mount Vernon have sold for 4.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.5K | N/A |
| 2 Bedrooms | $65K | $125K | +92.3% |
| 3 Bedrooms | $179.9K | $179.9K | 0.0% |
| 4 Bedrooms | $240K | $270K | +12.5% |
| 5+ Bedrooms | $565.5K | $535K | -5.4% |
Summary: Mount Vernon 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 92.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in Mount Vernon, KY
How many homes are available in Mount Vernon, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Mount Vernon real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mount Vernon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Vernon in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Vernon, KY
How long does it take to sell a home in Mount Vernon, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 49 Days | -25.0% |
Summary: Homes in Mount Vernon had an average of 49 days on market in Nov 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Vernon has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Mount Vernon; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.