Howard Hanna Real Estate broker Dave Culbertson remains optimistic about the real estate market in Mount Vernon and Knox County, citing both local trends and national factors.
With 29 years in the industry, Culbertson is confident that 2025 will be a strong year, driven by external economic factors and increasing demand for suburban living.
“I’m really bullish still on Mount Vernon and Knox County as far as demand for real estate,” Culbertson said. “And I think now that the new year is coming and the interest rates are looking to be heading in a favorable direction.”
Culbertson notes that Mount Vernon’s small-town appeal is drawing residents who no longer need to live in big cities to pursue successful careers.
“There are people fleeing the city…by that, I mean the greater Columbus market looking for nice communities like Mount Vernon,” he said.
While market activity slowed recently due to political uncertainty and interest rates, Culbertson believes the market is poised for a rebound.
“There’s pent-up demand. Buyers have held off, and people have been afraid to sell. But it’s loosening up now, and I expect a strong market by mid-to-late January,” he said.
Mount Vernon has seen significant growth since the pandemic, with its median home price more than doubling, from $174,950 in March 2020 to $321,950 in July 2024. The price per square foot has nearly doubled from $98 to $197.
Over the past five years, other towns have seen substantial price growth, with Gambier’s homes appreciating by 65.5% and Centerburg’s by 63.6%.
