Mount Vernon, IL

Balanced market+60.9% YoY

Housing market overview · Updated weekly

$188,250median sale price

Homes sold

12

Last 12 weeks

Days on market

73

Average pace

Active listings

33

2.8 months supply

Sale-to-list

94.7%

Below asking

The Mount Vernon housing market is currently classified as a balanced market with a median sale price of $188,250. Prices have risen 60.9% compared to last year, with homes spending an average of 73 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Mount Vernon

There are currently 33 homes listed for sale in Mount Vernon, Il. The median listing price is $145K.

Active listings

33

Homes on market

Median list price

$145K

Avg. days on market

73

Days until sale

New this week

16

Newly listed

Price drops:21.2%of listings
Sale-to-list:94.7%

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Frequently asked questions

What is the average home price in Mount Vernon?

The median home sale price in Mount Vernon is $188,250, up 60.9% from last year.

How long do homes stay on market in Mount Vernon?

Homes typically spend 73 days on market before going under contract.

Is Mount Vernon a buyer's or seller's market?

With 2.8 months of supply, Mount Vernon is currently a balanced market.

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