$6,793 Closing Credit*
$572,000
4,522 SqFt
5 Beds
•3 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 November 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
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$500(-0.4%)
Key Takeaway
The sold price of homes in Mount Vernon has remained the same since last year.
Summary: The median home sold price in Mount Vernon was $135,000 in November 2024, down 0.4% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | - | N/A |
| 2 Bedrooms | $56K | $58K | +3.6% |
| 3 Bedrooms | $142K | $140K | -1.4% |
| 4 Bedrooms | $190K | $225K | +18.4% |
| 5+ Bedrooms | $216.2K | $309.5K | +43.1% |
Summary: Mount Vernon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Shiloh Township | $149.2K | $165K | +10.6% |
| Dodds Township | $120K | $125.5K | +4.6% |
| Mount Vernon | $135.5K | $135K | -0.4% |
| Mount Vernon Township | $137.5K | $135K | -1.8% |
Housing Supply in Mount Vernon, IL
How many homes are available in Mount Vernon, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 71 | -4.1% |
Summary: The Mount Vernon real estate market had 71 homes for sale in November 2024, a 4.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 45 | 40 | -11.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mount Vernon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 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. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Mount Vernon in November 2024, down by 39.1% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +33.0% |
Summary: Homes in Mount Vernon had an average of 52 days on market in Nov 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 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 November 2024, 14 homes were sold in Mount Vernon; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.