Is Mount Vernon, SD 57363 a buyer’s or seller’s market?
Mount Vernon is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Mount Vernon housing market right now
In the three months ending August 31, 2026, 0% of homes in Mount Vernon, SD 57363 sold above their list price, the typical home went under contract in 39 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (23 days then) and the median sale price rose 323% to $211,409. Overall, Mount Vernon is less competitive than a year ago, which gives buyers more room.
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Where Mount Vernon is
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Questions about Mount Vernon real estate
Is Mount Vernon a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Mount Vernon, SD 57363 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mount Vernon?
The typical home went under contract in 39 days in the latest three months.
Do homes in Mount Vernon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.5% of the list price.
What are property taxes in Mount Vernon?
About 1.23% of a home’s value a year in Davison County, or roughly $4,920 on a $400,000 home.
What is the median home price in Mount Vernon?
The median sale price was $211,409 in the three months ending August 31, 2026, about $184 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology