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Foreclosure Homes in Mount Vernon, IL

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Mount Vernon, IL Foreclosures

Current Market Conditions in in Mount Vernon, IL As of April 2026?
In the past month, the Mount Vernon real estate market has seen a slight increase in home prices, attributed to a surge in demand as buyers seek affordable housing options amid rising prices in nearby urban centers. The number of homes sold has also increased, indicating a healthy market. Average days on market have decreased, suggesting that homes are being snapped up more quickly than before.
How much do homes sell for in Mount Vernon, IL?
The average home price is currently $172,639.
In Mount Vernon, IL, how many homes are available?
There are currently 1 active home listings available in Mount Vernon.
What’s the average rental cost in Mount Vernon, IL?
The average rental price in Mount Vernon is $996.
What is the most expensive home in Mount Vernon?
The most expensive home sold in Mount Vernon had a price of $61,927,660.
What is currently the cheapest priced home in Mount Vernon, IL?
The cheapest home for sale in Mount Vernon is priced at $6,829.

Living in Mount Vernon, IL

Mount Vernon, IL is a quaint city nestled in Jefferson County, known for its friendly community and rich amenities. Residents have access to parks, shopping, and a variety of restaurants, making it an attractive option for families and individuals alike.

Buyer vs Seller Market in Mount Vernon, IL

The Mount Vernon real estate market has been experiencing steady growth, with increasing demand for both single-family homes and rental properties. The affordability of homes compared to larger urban areas makes it an appealing choice for many buyers.

Investment opportunities in the area are on the rise, with several new developments underway. As the city continues to grow, property values are expected to appreciate as more people recognize the benefits of living in Mount Vernon.

Home Value Estimator For Mount Vernon, IL

There are currently 9,000 real estate properties in Mount Vernon, IL, with a median automated valuation model (AVM) price of $115,654.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mount Vernon, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mount Vernon, IL, is $172,639.00, with the most expensive house in Mount Vernon, IL, topping out at $61,927,660.00 and the cheapest home in Mount Vernon, IL, clocking in at $6,829.00. In other words, there’s something for every potential homebuyer or savvy investor in Mount Vernon, IL!

Rent Prices In Mount Vernon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Vernon, IL, is on a rollercoaster ride. The average rent price in Mount Vernon, IL, is $996.00. Indeed, when looking to rent in Mount Vernon, IL, you can expect to pay as little as $450.00 or as much as $2,700.00, with the average rent median estimated to be $970.00. The good news is that finding an affordable and desirable property to rent in Mount Vernon, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mount Vernon, IL Foreclosures

Market Trend for Mount Vernon, IL

Total Listings Available: 1

Market Values:

Home Prices from $6,829 to $61,927,660

Average Sales Price: $172,639

Rental Values:

Rental from $450 to $2,700

Average Rent Value: $996 / month

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