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Saturday, November 23, 2024

Rising home prices in Mount Vernon in the fourth quarter of 2021

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The median sale price of a home sold in the fourth quarter of 2021 in Mount Vernon rose by $39,950 while total sales decreased by 18.6%, according to BlockShopper.com.

From October through December of 2021, there were 48 homes sold, with a median sale price of $156,450 - a 34.3% increase over the $116,500 median sale price for the same period of the previous year. There were 59 homes sold in Mount Vernon in the fourth quarter of 2020.

The median sales tax in Mount Vernon for the most recent year with available data, 2019, was $1,259, approximately 0.8% of the median home sale price for the fourth quarter of 2021.

The following table compares Mount Vernon to other Knox County cities in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Apple Valley362733.3%$218,000$220,000-0.9%
Centerburg25-60%$212,500$165,00028.8%
Gambier3250%$206,000$200,2502.9%
Fredericktown812-33.3%$165,750$140,00018.4%
Mount Vernon4859-18.6%$156,450$116,50034.3%
Danville220%$110,750$70,052.5058.1%

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