Is Mount Vernon Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Vernon Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Mount Vernon Township has remained a Seller's Market.

Key Takeaway

Mount Vernon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mount Vernon Township, IL

How much do homes in Mount Vernon Township, IL cost?

Median Sold Price

$132,250

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$7,750(-5.5%)

Key Takeaway

Homes in Mount Vernon Township have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in Mount Vernon Township was $132,250 in September 2024, down 5.5% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $32K-
N/A
2 $42.7K$66.2K
+55.0%
3 $145.5K$136.5K
-6.2%
4 $209K$222K
+6.2%
5+ $237.5K$309.5K
+30.3%

Summary: Mount Vernon Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 30.3%.

Median Sold Price Compared To Nearby Cities

Shiloh Township
+1.7%
Mount Vernon
-2.0%
Mount Vernon Township
-5.5%

Housing Supply in Mount Vernon Township, IL

How many homes are available in Mount Vernon Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8380-3.6%

Summary: The Mount Vernon Township real estate market had 80 homes for sale in September 2024, a 3.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2220
-9.1%
3 4242
0.0%
4 1616
0.0%
5+ 32
-33.3%

Summary: The Mount Vernon Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Vernon Township, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Mount Vernon Township in September 2024, up by 5.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% were sold over asking.

Days on Market for Mount Vernon Township, IL

How long does it take to sell a home in Mount Vernon Township, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
39 Days49 Days+24.9%

Summary: Homes in Mount Vernon Township had an average of 49 days on market in Sep 2024, up by 24.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Vernon Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 20 homes were sold in Mount Vernon Township; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Mount Vernon Township, IL

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