Mount Vernon, NY Home Values & Market Trends
Real estate market trends reflect that there have been 329 transactions over the past year in Mount Vernon. The median value for residential home transactions that occurred over the previous year is $640,364.23. The number of current listings in Mount Vernon is 12, and the percentage of properties for sale in the city is 12.00%. Mount Vernon, NY currently has 360 properties in foreclosure, 12 bank owned properties, 13 properties headed for auction, and 12 properties for sale.
Mount Vernon, NY Real Estate Market Overview
Housing Market Summary for Mount Vernon, NY
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $599.3K | $621K | 3.62% |
Median Sold Price | $602.3K | $621K | 3.10% |
Homes For Sale | 44 | 14 | -68.18% |
Homes Sold | 208 | 168 | -19.23% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mount Vernon, NY
Browse Homes in Mount Vernon, NY
Mount Vernon home values range from $103,856 to $4,145,922. The median estimated value of a home in Mount Vernon is $640,364.23. The median list price of a home is 687,499.5, and the total count of properties in the city is 8,456.
- Pre-ForeclosurePre-foreclosure homes account for 3.96% of all residential properties in Mount Vernon, NY with 10550 containing 176 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Mount Vernon, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,074,788 in 10552 to the lowest home value of $250,897 in 10550.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mount Vernon, NY ranges from the highest value of $670,700 in 10553 to the lowest value of $271,844 in 10550. Bank owned homes and properties account for 0.14% of properties in Mount Vernon, NY. There are 3 zips within Mount Vernon, NY; 10550 containing 9 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions10550 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Mount Vernon, NY. Auction homes and other auction properties account for 0.15% of all properties in Mount Vernon, NY. There are 3 zips within Mount Vernon, NY; of those zips, the median estimated home value for homes going to auction ranges from $600,900 in 10550 to the lowest value of $469,000 in 10550.
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Guide for Mount Vernon, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.