Is Mount Vernon Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mount Vernon Township was a Seller's Market.
Key Takeaway
Mount Vernon Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mount Vernon Township, IL
How much do homes in Mount Vernon Township, IL cost?
Median Sold Price
$140,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Vernon Township have sold for 27.3% more than they did a year ago.
Summary: The median home sold price in Mount Vernon Township was $140,000 in March 2024, up 27.3% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $8K | $56.1K | +601.6% |
| 2 Bedrooms | $37.5K | $57.5K | +53.3% |
| 3 Bedrooms | $115K | $141K | +22.6% |
| 4 Bedrooms | $228K | $191K | -16.2% |
| 5+ Bedrooms | $257.5K | $237.5K | -7.8% |
Summary: Mount Vernon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 601.6%, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Mount Vernon | $108.1K | $140K | +29.4% |
| Mount Vernon Township | $110K | $140K | +27.3% |
| Shiloh Township | $142.7K | $151.2K | +6.0% |
Housing Supply in Mount Vernon Township, IL
How many homes are available in Mount Vernon Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 68 | +33.3% |
Summary: The Mount Vernon Township real estate market had 68 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 24 | 32 | +33.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Mount Vernon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Vernon Township in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 29 Days | -45.4% |
Summary: Homes in Mount Vernon Township had an average of 29 days on market in Mar 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Vernon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Mount Vernon Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
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.