$7,541 Closing Credit*
$635,000
1,525 SqFt
2 Beds
•2 Full Baths
Katrina M Smith, Listing Office: RE/MAX Roots
Is Mount Vernon, VA 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, VA
How much do homes in Mount Vernon, VA cost?
Median Sold Price
$704,924
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,924(+7.6%)
Key Takeaway
Homes in Mount Vernon have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Mount Vernon was $704,924 in October 2024, up 7.6% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $230K | +5.0% |
| 2 Bedrooms | $410K | $401.8K | -2.0% |
| 3 Bedrooms | $596.6K | $630.5K | +5.7% |
| 4 Bedrooms | $805K | $826.6K | +2.7% |
| 5+ Bedrooms | $949.9K | $995K | +4.7% |
Summary: Mount Vernon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Occoquan | $460K | $527K | +14.6% |
| Mount Vernon | $655K | $704.9K | +7.6% |
| Alexandria | $619.6K | $665.6K | +7.4% |
| Lee | $580.1K | $621.4K | +7.1% |
| Alexandria | $625.1K | $663.6K | +6.2% |
Housing Supply in Mount Vernon, VA
How many homes are available in Mount Vernon, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 316 | 336 | +6.3% |
Summary: The Mount Vernon real estate market had 336 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 28 | +47.4% |
| 2 Bedrooms | 57 | 66 | +15.8% |
| 3 Bedrooms | 74 | 89 | +20.3% |
| 4 Bedrooms | 91 | 84 | -7.7% |
| 5+ Bedrooms | 75 | 69 | -8.0% |
Summary: The Mount Vernon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 98 | -3.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
34 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. 38.8% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Mount Vernon in October 2024, down by 3.0% month-over-month. Of the 98 sold homes, 39% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Mount Vernon, VA
How long does it take to sell a home in Mount Vernon, VA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +17.5% |
Summary: Homes in Mount Vernon had an average of 20 days on market in Oct 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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, 98 homes were sold in Mount Vernon; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
