A total of 127 contracts on Mount Vernon, Ohio homes have closed and SOLD in the last 6 months with a median sold price of $103,500. Breaking it down, we notice that the $50K - $100K price range contains the highest number of sold listings which makes perfect sense because the monthly payments mirror the average rental rates for the area.
Alternatively, a total of 75 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. What you may find interesting is that The $50K - $100K price range has the highest number of off-market listings at 27 properties yet it also had the highest number of sales.
If you are in the market for a Mount Vernon, Ohio home be sure to check out all of our available Mount Vernon, Ohio homes for sale.
Sam Miller of REMAX Stars Realty 740-397-7800 Knox County Ohio Real Estate