$2,838 Closing Credit*
$239,000
1,980 SqFt
3 Beds
•2 Full Baths
Brian Wood, Listing Office: Cross Davidson Real Estate
Is Mount Vernon, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
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.
Housing Prices in Mount Vernon, IL
How much do homes in Mount Vernon, IL cost?
Median Sold Price
$135,000
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,750(-2.7%)
Key Takeaway
Homes in Mount Vernon have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Mount Vernon was $135,000 in October 2024, down 2.7% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | - | N/A |
| 2 Bedrooms | $43.5K | $68.2K | +56.8% |
| 3 Bedrooms | $142.2K | $139.4K | -2.0% |
| 4 Bedrooms | $190K | $219K | +15.3% |
| 5+ Bedrooms | $216.2K | $309.5K | +43.1% |
Summary: Mount Vernon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Shiloh Township | $151.2K | $155K | +2.5% |
| Mount Vernon | $138.7K | $135K | -2.7% |
| Mount Vernon Township | $140K | $135K | -3.6% |
Housing Supply in Mount Vernon, IL
How many homes are available in Mount Vernon, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 74 | -7.5% |
Summary: The Mount Vernon real estate market had 74 homes for sale in October 2024, a 7.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mount Vernon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Vernon, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Mount Vernon in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Mount Vernon, IL
How long does it take to sell a home in Mount Vernon, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 60 Days | +103.0% |
Summary: Homes in Mount Vernon had an average of 60 days on market in Oct 2024, up by 103% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Vernon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Mount Vernon; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.