$10,000 Closing Credit*
$900,000
5 Beds
•3 Full Baths
Listing Office: Christies Int. Real Estate
Is Mount Vernon, NY 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Vernon, NY
How much do homes in Mount Vernon, NY cost?
Median Sold Price
$500,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,000(+2.5%)
Key Takeaway
Homes in Mount Vernon have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Mount Vernon was $500,000 in November 2024, up 2.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $123.2K | -8.7% |
| 2 Bedrooms | $235K | $225K | -4.3% |
| 3 Bedrooms | $545K | $542K | -0.6% |
| 4 Bedrooms | $615K | $732K | +19.0% |
| 5+ Bedrooms | $683K | $745K | +9.1% |
Summary: Mount Vernon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Bronxville | $426.1K | $579.1K | +35.9% |
| Pelham | $919K | $1.2M | +33.3% |
| Yonkers | $450.9K | $521.2K | +15.6% |
| Pelham Manor | $1.1M | $1.3M | +8.8% |
| Mount Vernon | $488K | $500K | +2.5% |
Housing Supply in Mount Vernon, NY
How many homes are available in Mount Vernon, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 188 | 147 | -21.8% |
Summary: The Mount Vernon real estate market had 147 homes for sale in November 2024, a 21.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 27 | -28.9% |
| 2 Bedrooms | 32 | 20 | -37.5% |
| 3 Bedrooms | 35 | 25 | -28.6% |
| 4 Bedrooms | 32 | 28 | -12.5% |
| 5+ Bedrooms | 51 | 47 | -7.8% |
Summary: The Mount Vernon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.9%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 7.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 15 | -42.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Mount Vernon in November 2024, down by 42.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Mount Vernon, NY
How long does it take to sell a home in Mount Vernon, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 68 Days | -17.8% |
Summary: Homes in Mount Vernon had an average of 68 days on market in Nov 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Vernon has remained consistent over time.
Summary: During November 2024, 15 homes were sold in Mount Vernon; 20% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.