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Cheap Homes in Mount Vernon, IL

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Mount Vernon, IL Foreclosures

Current Market Conditions in in Mount Vernon, IL As of February 2026?
In the past month, the Mount Vernon real estate market has shown signs of slight improvement, with an uptick in sales activity as the summer season transitions into fall. Sellers have begun to adjust their prices in response to recent buyer interests, resulting in a balanced market where both buyers and sellers can find opportunities.
How much do homes sell for in Mount Vernon, IL?
The average home price is currently $172,373.
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 $63,012,374.
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 offers a welcoming community with rich history and outdoor activities. Residents enjoy a blend of small-town charm and modern conveniences, including shopping and dining options. The area is family-friendly, boasting quality schools and recreational parks.

Buyer vs Seller Market in Mount Vernon, IL

The real estate market in Mount Vernon has been relatively stable over the last few months. Home prices are considered affordable compared to larger metropolitan areas, making it an attractive option for first-time homebuyers and retirees alike.

As demand for housing in smaller towns increases, particularly post-pandemic, Mount Vernon is experiencing a subtle growth in property values, with more buyers looking for homes in areas with less density and more open spaces.

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 $115,098.00. 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 $172,373.00, with the most expensive house in Mount Vernon, IL, topping out at $63,012,374.00 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.

Cheap Homes in Mount Vernon, IL

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