Taking a closer look, we notice that the $100K - $150K price range has a relatively large number of contracts pending sale. We also notice that the $50K - $100K price range has a relatively large inventory of properties for sale at 47 listings. The median list price (or asking price) for all properties in this market is $120,000. The median list price of $120,000 is a perfect fit for a small community where the average income is in the $50,000 range. This graphic above shows that the majority of the buyer pending home sales activity has been in the $50,000 to $250,000 price range.
Homes sales in the Mount Vernon, Ohio community have the potential to surpass all the years since the market correction that started in 2007. We are seeing an increase in home sales activity in many of the popular price ranges. The average price of a home in Mount Vernon, Ohio hasn't increased by more than a 1% to 2% in the majority of the price ranges and as the level of available housing inventory starts to slowly reduce the pricing should gradually begin to increase over time.
You can view and compare all of our available Mount Vernon Ohio homes for sale and we have organized them in price order for quick and easy viewing.
Sam Miller Team of REMAX Stars Realty 740-397-7800 Knox County Ohio Real Estate