Is Mount Vernon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Mount Vernon has remained a Seller's Market.
Key Takeaway
Mount Vernon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Mount Vernon, IL cost?
Median Sold Price
$110,000
$77/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since January 2022.
Key Takeaway
The sold price of homes in Mount Vernon has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $25K | $19K | -24.0% |
| 2 Bedrooms | $52.5K | $50.1K | -4.6% |
| 3 Bedrooms | $112K | $117K | +4.5% |
| 4 Bedrooms | $158K | $210K | +32.9% |
| 5+ Bedrooms | $230K | $290K | +26.1% |
Median Sold Price Compared To Nearby Cities
| Mount Vernon Township | $109.7K | $110K | 0.2% |
| Mount Vernon | $110K | $110K | 0.0% |
| Shiloh Township | $145K | $142.7K | -1.6% |
How many homes are available in Mount Vernon, IL?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 47 | 50 | +6.4% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 51 Days | 36 Days | -30.3% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Vernon are selling fast, if you're buying plan to act quickly.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.