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Featured local agent — Mount Vernon, IA
Sarah Mitchell
Compass Real Estate · Mount Vernon, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Vernon, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Mount Vernon, IA housing market right now?
The median home sale price in Mount Vernon, IA is $210,000, down 14.7% year-over-year. Homes sell in an average of 43 days with 22 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mount Vernon a buyer's or seller's market?
Mount Vernon, IA is currently a buyer's market, based on 7.3 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
43
Average pace
Active listings
22
7.3 months supply
Sale-to-list
92.7%
Below asking
What does the Mount Vernon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Median list price | $410,000 |
| Year-over-year price change | -14.7% |
| Average days on market | 43 days |
| Active inventory | 22 listings |
| Months of supply | 7.3 months |
| Sale-to-list price ratio | 92.7% |
| Median price per sq ft | $117/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 7 |
| Listings with a price cut | 22.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Mount Vernon by property type?
How the Mount Vernon, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $117/sq ft | 3 | 43 days |
| Condo / Co-op | $420,000 | $171/sq ft | 1 | 105 days |
Source: Redfin · Updated monthly
The Mount Vernon housing market is currently classified as a buyer's market with a median sale price of $210,000. Prices have fallen 14.7% compared to last year, with homes spending an average of 43 days on market, indicating 7.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Mount Vernon
There are currently 22 homes listed for sale in Mount Vernon, Iowa. The median listing price is $410K.
Active listings
22
Homes on market
Median list price
$410K
Avg. days on market
43
Days until sale
New this week
7
Newly listed
Who lives in Mount Vernon?
Population
4,551
Median income
$106,356/yr
Median age
23.7 years
Owner-occupied
87.6%
College grads
49.5%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Mount Vernon?
Zillow home value
$355,743
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Mount Vernon?
Mount Vernon is a community of approximately 5K residents with a median age of 23.7 years.The median household income is $106,356, which reflects a relatively affluent area with strong earning potential. 49.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mount Vernon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Mount Vernon?
3 schools tracked · 1,427 students
The largest public schools serving Mount Vernon, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Washington Elementary School
Grades PK-4 · 546 students
Mount Vernon High School
Grades 9-12 · 478 students
Mount Vernon Middle School
Grades 5-8 · 403 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mount Vernon, IA?
Want a head-to-head view? Compare Mount Vernon side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mount Vernon?
The median home sale price in Mount Vernon is $210,000, down 14.7% from last year.
How long do homes stay on market in Mount Vernon?
Homes typically spend 43 days on market before going under contract.
What is the median income in Mount Vernon?
The median household income is $106,356 per year.
Is Mount Vernon a buyer's or seller's market?
With 7.3 months of supply, Mount Vernon is currently a buyer's market.
What is the Zillow home value estimate for Mount Vernon?
The Zillow Home Value Index (ZHVI) for Mount Vernon is $355,743, representing the typical home value in the area.
What is the median condo price in Mount Vernon?
The median condo/co-op sale price in Mount Vernon, IA is $420,000, compared to $210,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Mount Vernon?
The median single-family home price in Mount Vernon, IA is $210,000 (about $117 per square foot).
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