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 January 2022

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.

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

Median Sold Price

$110,000

$70/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$250(+0.2%)

Key Takeaway

The sold price of homes in Mount Vernon Township has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $25K$19K
-24.0%
2 $52K$50.1K
-3.7%
3 $123.9K$120K
-3.1%
4 $160.5K$230.2K
+43.5%
5+ $184K$354.9K
+92.9%

Median Sold Price Compared To Nearby Cities

Mount Vernon Township
0.2%
Mount Vernon
0.0%
Shiloh Township
-1.6%

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

Number of Homes For Sale

Dec 2022Jan 2023%
3638+5.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 32
-33.3%
2 1012
+20.0%
3 1212
0.0%
4 99
0.0%
5+ 23
+50.0%

Number of Homes Sold

Dec 2022Jan 2023%
89+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 77.8% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
59 Days38 Days-34.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Mount Vernon Township, IL

Mount Vernon Township, IL has 38 homes on the market. In January 2023 in Mount Vernon Township, IL there were 5.6% more homes for sale than in December 2022. In January 2023, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $110,000. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties prices decreased by 24%, the cost of 2 bedrooms properties went down by 3.7%, the cost of 3 bedrooms properties went down by 3.1%, prices of 4 bedrooms properties increased by 43.5%, 5 bedrooms properties prices increased by 92.9%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 33.3%, the quantity of 2 bedrooms homes went up by 20%, 3 bedrooms homes inventory did not change, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory increased by 50%. In January 2023, from all listings sold in Mount Vernon Township, IL there were more than 0 sold above asking price, over 7 sold below and more than 2 were sold right at the asked price.

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