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Foreclosure Homes in Mount Vernon, IL

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Mount Vernon, IL Foreclosures

How much do homes sell for in Mount Vernon, IL?
The average home price is currently $173,498.
In Mount Vernon, IL, how many homes are available?
There are currently 48 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 $63,260,718.
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 friendly city known for its community spirit and diversity of amenities. With a mix of parks, local shops, and dining options, it offers a fulfilling lifestyle for residents. Excellent schools and easy access to major highways make it an attractive location for families.

Current Market Conditions in Mount Vernon, IL

The Mount Vernon real estate market is currently showing signs of steady growth, with an increase in home values as demand continues to rise. This growth presents a favorable opportunity for potential buyers and investors looking to enter the market. The average days on the market for listings have decreased, indicating a competitive climate.

Rental properties are also in demand, making it a viable option for investors seeking steady cash flow. The diversity of properties available, from single-family homes to more upscale apartments, is appealing to a broad range of buyers and renters.

Home Value Estimator For Mount Vernon, IL

There are currently 8,997 real estate properties in Mount Vernon, IL, with a median automated valuation model (AVM) price of $116,810.00. 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 $173,498.00, with the most expensive house in Mount Vernon, IL, topping out at $63,260,718.00 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: 48

Market Values:

Home Prices from $6,829 to $63,260,718

Average Sales Price: $173,498

Rental Values:

Rental from $450 to $2,700

Average Rent Value: $996 / month

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