Mount Vernon Metro Home Prices & Values

$220,200 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 12.3% 1-year change
  • 6.2% 1-year forecast

Market Temperature: HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Mount Vernon Metro is $220,200. Mount Vernon Metro home values have gone up 12.3% over the past year and Zillow predicts they will rise 6.2% within the next year. The median list price per square foot in Mount Vernon Metro is $159, which is higher than the Washington average of $156. The median price of homes currently listed in Mount Vernon Metro is $256,900 while the median price of homes that sold is $223,618. The median rent price in Mount Vernon Metro is $1,025, which is lower than the Washington median of $1,422.

Foreclosures will be a factor impacting home values in the next several years. In Mount Vernon Metro 5.0 homes are foreclosed (per 10,000). This is lower than the Washington value of 5.9 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mount Vernon Metro is 6.0%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mount Vernon Metro homeowners underwater on their mortgage is 23.7%, which is higher than Washington at 20.4%.

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Relative ZHVI
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Mount Vernon Metro Market Overview

Data through Jun 30, 2014
  • $220,200 ZHVI
  • 6.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $256,900 Median listing price
  • $223,618 Median sale price
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Mount Vernon Metro Market Health

Data through Jun 30, 2014
  • 5.6/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 88 Average of days on Zillow (May 31, 2014)
  • 23.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

5 homes Mount Vernon Metro
5.9 homes Washington
4.3 homes United States
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Cities in Mount Vernon Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bow $307,900 Anacortes $274,900 La Conner $235,700
Mount Vernon $220,100 Burlington $200,200 Sedro-Woolley $170,300
Concrete $106,400    

Listings & Sales

Data through Jun 30, 2014
  • $159 Median list price / sq ft
  • $157 Median sale price / sq ft
  • 23.6% Listings with price cut
22.4%
Sold below listing
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Mount Vernon Metro Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,244 Mount Vernon Metro
$1,473 Washington
$1,310 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,025 Rent list price
  • $0.90 Rent list price / sq ft
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