$3,561 Closing Credit*
$299,900
4 Beds
•2 Full Baths
Listing Office: Hays Real Estate
Is Mount Vernon, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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, KY
How much do homes in Mount Vernon, KY cost?
Median Sold Price
$181,950
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,050(-1.6%)
Key Takeaway
Homes in Mount Vernon have sold for 1.6% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.5K | N/A |
| 2 Bedrooms | $65K | $125K | +92.3% |
| 3 Bedrooms | $185K | $171.2K | -7.5% |
| 4 Bedrooms | $240K | $216.5K | -9.8% |
| 5+ Bedrooms | $397K | $518K | +30.5% |
Summary: Mount Vernon housing prices by bedroom type for October 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 decreased by 7.5%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 30.5%.
Housing Supply in Mount Vernon, KY
How many homes are available in Mount Vernon, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Mount Vernon real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Vernon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Vernon in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 14 Days | -40.1% |
Summary: Homes in Mount Vernon had an average of 14 days on market in Oct 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Vernon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Mount Vernon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.