$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 Township, 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 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
$135,000
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.8%)
Key Takeaway
Homes in Mount Vernon Township have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Mount Vernon Township was $135,000 in November 2024, down 1.8% 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 | $199.5K | $225K | +12.8% |
| 5+ Bedrooms | $216.2K | $309.5K | +43.1% |
Summary: Mount Vernon Township 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 12.8%, and 5+ bedroom homes increased by 43.1%.
Median Sold Price Compared To Nearby Cities
| Shiloh Township | $149.2K | $165K | +10.6% |
| Mount Vernon | $135.5K | $135K | -0.4% |
| Mount Vernon Township | $137.5K | $135K | -1.8% |
Housing Supply in Mount Vernon Township, IL
How many homes are available in Mount Vernon Township, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 71 | -4.1% |
Summary: The Mount Vernon Township 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 Township 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 Township, 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 Township 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 Township, IL
How long does it take to sell a home in Mount Vernon Township, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +33.0% |
Summary: Homes in Mount Vernon Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Mount Vernon Township; 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.