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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Vernon is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 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, OR

How much do homes in Mount Vernon, OR cost?

Median Sold Price

$115,000

$74/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$143,387(-55.5%)

Key Takeaway

Homes in Mount Vernon have sold for 55.5% less than they did a month ago.

Summary: The median home sold price in Mount Vernon was $115,000 in November 2024, down 55.5% from last month, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $235K-
N/A
3 $281.7K$115K
-59.2%
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 decreased by 59.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mount Vernon, OR

How many homes are available in Mount Vernon, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
990.0%

Summary: The Mount Vernon real estate market had 9 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 22
0.0%
3 76
-14.3%
4 01
+100.0%
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 decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

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, down by 50.0% month-over-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, OR

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

Average Sale Time

Oct 2024Nov 2024CHANGE
34 Days82 Days+137.7%

Summary: Homes in Mount Vernon had an average of 82 days on market in Nov 2024, up by 137.7% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Mount Vernon has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Mount Vernon; 0% of homes were sold within 30 days, 100% 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, OR

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