Mount Vernon, IL metro area Housing Market
Cool MarketComprehensive housing market data for the Mount Vernon, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$210K
↑ 26.5% YoY
Days on Market
81 days
↑ 42.1% YoY
Active Inventory
47
↓ 40.5% YoY
Homes Sold
17
↓ 15.0% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Mount Vernon, IL metro area Market Summary
The Mount Vernon, IL metro area housing market is cooling down. As of January 2026, the median home sale price is $210K, up 26.5% year-over-year. Homes are spending a median of 81 days on the market, 42.1% longer than a year ago.
There are 47 homes for sale — 40.5% fewer than last year. With 2.8 months of supply, this is a seller's market. 19 new listings were added during this period, down 0.0% year-over-year.
Homes are selling for 95.6% of their list price on average, suggesting room for negotiation. 23.5% of homes sell above their asking price. 19.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
76
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 50% below the national median, which could indicate stronger cash flow potential.
Mount Vernon, IL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$169K
Price per Sq Ft
$118
Sale-to-List Ratio
95.6%
Months of Supply
2.8
Sold Above List
23.5%
Price Drops
19.1%
New Listings
19
– 0.0% YoY
Pending Sales
28
Off Market in 2 Weeks
14.3%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.