Mount Vernon Housing Market Report February 2025Posey County, Indiana

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Housing Prices in Mount Vernon, IN

How much do homes in Mount Vernon, IN cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Mount Vernon is a Buyer's Market

Difference Since January 2025

Last month, Mount Vernon was a Neutral Market.

Insight

Mount Vernon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$169,900$98/SqFt
-$64,100
-27.4%

Based on all homes sold in February 2025

Insight

Homes in Mount Vernon have sold for 27.4% less than they did a month ago.

Summary: The median home sold price in Mount Vernon was $169,900 in February 2025, down 27.4% from last month, and the median price per square foot was $98.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Black Township
+10.0%
Mount Vernon
-27.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2-$117.9K
N/A
3$75K-
N/A
4$450K$247.4K
-45.0%
5$305K-
N/A

Summary: Mount Vernon housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -45.0%. The home price for 5 bedroom homes did not change.

Housing supply in Mount Vernon, IN

How many homes are available in Mount Vernon, IN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
33Last MonthFeb 2025
302 months agoJan 2025
+10.0 %
Change MoMJan – Feb

Summary: The Mount Vernon real estate market had 33 homes for sale in Feb 2025, a 10.0 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthFeb 2025
52 months agoJan 2025
-40.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
246
+50.0%
31314
+7.7%
41011
+10.0%
532
-33.3%

Summary: Mount Vernon housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes increased by +10.0%. The inventory for 5 bedroom homes decreased by -33.3%.

Asking Price vs. Sold Price

How much do homes in Mount Vernon, IN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Mount Vernon, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Mount Vernon in February 2025, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and and 33% were sold over asking.

Days on Market for Mount Vernon, IN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

Newest Listings in Mount Vernon, IN

What homes are available in Mount Vernon, IN?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Indiana Regional MLS, for the period 01/01/2025 - 03/01/2025

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2025 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 11:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.