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Featured local agent — Mount Vernon, IL
Sarah Mitchell
Compass Real Estate · Mount Vernon, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Vernon, IL Housing Market
The typical home in Mount Vernon, IL is worth $137,801, rose 10.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $162,250, +16.3% year over year (through May 2026). With 3.6 months of supply and homes going under contract in about 58 days, Mount Vernon is a leaning buyer's. At today's 6.66% 30-year fixed rate, 20% down on a $137,801 home is about $708/mo in principal and interest.
Key numbers for Mount Vernon, IL
Typical home value
$137,801
+10.2% in 12 months
Zillow, July 2026
Typical asking rent
$918/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$162,250
+16.3% year over year
Redfin, through May 2026
Days on market
58
Average pace
Redfin, through May 2026
Active listings
51
3.6 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$52,751
Home costs 2.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
94.0%
Selling below asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Mount Vernon a buyer's or seller's market?
Mount Vernon, IL is a leaning buyer's, based on 3.6 months of supply and homes selling in about 58 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Mount Vernon housing market data show?
Every row below is Redfin's final published month for Mount Vernon, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $162,250 |
| Median list price | $149,950 |
| Year-over-year price change | +16.3% |
| Median price per sq ft | $108/sq ft |
| Median days on market | 58 days |
| Active inventory | 51 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 94.0% |
| Homes sold (that month) | 14 |
| New listings (that month) | 19 |
| Listings with a price cut | 27.5% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Mount Vernon is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Mount Vernon is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Mount Vernon home prices moved?
Over the last three years the median sale price in Mount Vernon, IL rose 30.3%, from $124,500 to $162,250. The live Zillow value series has rose 10.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.5% of Mount Vernon listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.6 months while the sale-to-list ratio slips below its current 94.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Mount Vernon?
Priced off the typical home value of $137,801 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $27,560 | $110,241 | $708/mo |
| 5% | $6,890 | $130,911 | $841/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $708, that implies roughly $30,362 a year before you add taxes and insurance. The median household in Mount Vernon earns $52,751, about $22,389 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.6x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Mount Vernon in the next 12 months?
Tell us your timeline. We send the Mount Vernon market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Mount Vernon?
Typical asking rent in Mount Vernon, IL is $918/mo, against a typical home value of $137,801. That is a price-to-rent ratio of 12.5x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $708 a month — $210 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Mount Vernon?
Active listings in Mount Vernon, IL went from 40 in May 2025 to 51 in May 2026, a +27.5% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 44 | 19 |
| July 2025 | 44 | 20 |
| August 2025 | 48 | 17 |
| September 2025 | 43 | 10 |
| October 2025 | 45 | 12 |
| November 2025 | 51 | 19 |
| December 2025 | 50 | 14 |
| January 2026 | 34 | 11 |
| February 2026 | 39 | 16 |
| March 2026 | 45 | 20 |
| April 2026 | 44 | 15 |
| May 2026 | 51 | 19 |
Redfin, through May 2026
How does Mount Vernon compare to Illinois and the U.S.?
Mount Vernon homes sell for $162,250 — 52% below the Illinois median of $337,900. Against the national median of $410,700, Mount Vernon runs 60% lower. Year-over-year, Mount Vernon moved +16.3% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Mount Vernon, IL | $162,250 | +16.3% | 58 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Mount Vernon
What buyers should watch
- Months of supply, currently 3.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.5%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $133 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $137,801 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Mount Vernon listing goes under contract in 58 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 94.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Mount Vernon added 19 new listings against 14 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +10.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Mount Vernon varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Mount Vernon
There are currently 51 homes listed for sale in Mount Vernon, Illinois. The median listing price is $150K.
Active listings
51
Homes on market
Median list price
$150K
Avg. days on market
58
Days until sale
New this week
19
Newly listed
How much do homes cost in Mount Vernon by property type?
How the Mount Vernon, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $162,250 | $107/sq ft | 12 | 62 days |
| Condo / co-op | $155,000 | $170/sq ft | 2 | 2 days |
| Townhouse | $133,000 | $61/sq ft | 2 | 115 days |
Who lives in Mount Vernon?
American Community Survey estimates for Mount Vernon. U.S. Census ACS, 2023
Population
14,492
Households
6,200
Median income
$52,751/yr
Median age
39 years
Owner-occupied
53.4%
Median home value
$89,700
Median gross rent
$893/mo
Mean commute
13.7 min
53.4% of occupied homes in Mount Vernon are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $89,700 against Zillow's $137,801 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $893/mo, below Zillow's $918/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Mount Vernon?
15 schools tracked · 3,316 students
The largest public schools serving Mount Vernon, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mount Vernon High School
Grades 9-12 · 1,240 students
Dr Nick Osborne Primary Center
Grades K-3 · 567 students
Zadok Casey Middle School
Grades 6-8 · 392 students
J L Buford Intermediate Ed Ctr
Grades 4-5 · 280 students
Summersville Grade School
Grades PK-8 · 264 students
Dr Andy Hall Early Educ Ctr
Grades PK · 252 students
Bethel Grade School
Grades PK-8 · 145 students
Spring Garden Elementary School
Grades K-4 · 131 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Mount Vernon, IL?
Ordered by distance from Mount Vernon, not by size. Compare Mount Vernon side by side with any of them.
Mount Vernon housing market FAQ
Is Mount Vernon a buyer's or seller's market?
Mount Vernon, IL is currently a leaning buyer's. That read comes from 3.6 months of supply, homes going under contract in about 58 days, and sellers getting 94.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Mount Vernon?
The typical home in Mount Vernon, IL is worth $137,801 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $162,250, about $108 per square foot.
Is Mount Vernon cheaper than the rest of Illinois?
Mount Vernon's median sale price of $162,250 is 52% lower than the Illinois statewide median of $337,900, and 60% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Mount Vernon?
Homes in Mount Vernon, IL spent a median of 58 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Mount Vernon?
At the current 30-year fixed rate of 6.66%, 20% down on a $137,801 home is about $708 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $30,362 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $52,751.
Are home prices rising in Mount Vernon?
The typical home value in Mount Vernon, IL rose 10.2% over the last 12 months, from $125,102 to $137,801 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Mount Vernon?
Mount Vernon ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Mount Vernon?
That depends on your timeline, not on a headline. What the data says today: Mount Vernon, IL is a leaning buyer's with 3.6 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 12.5x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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