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Condo Foreclosures in Mount Vernon, IL

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Mount Vernon, IL Foreclosures

Current Market Conditions in in Mount Vernon, IL As of March 2026?
Over the past month, Mount Vernon has seen a stabilization in home prices, with the median price remaining steady. Increased buyer interest has been noted, spurring some bidding wars on well-priced properties. Although inventory levels have increased slightly, homes are still moving fast due to favorable financing rates.
How much do homes sell for in Mount Vernon, IL?
The average home price is currently $172,840.
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 $62,434,378.
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 welcoming community in Southern Illinois known for its beautiful parks and rich history. The city combines small-town charm with the conveniences of modern living, making it an attractive place for families, retirees, and young professionals. With its affordable housing market and abundant outdoor activities, Mount Vernon is a great place to call home.

Buyer vs Seller Market in Mount Vernon, IL

The Mount Vernon real estate market is experiencing an increase in home listings, leading to a diverse selection for buyers. Recent trends indicate a gradual rise in property values as the area continues to attract new residents seeking an affordable place to live with a strong sense of community.

Home Value Estimator For Mount Vernon, IL

There are currently 8,998 real estate properties in Mount Vernon, IL, with a median automated valuation model (AVM) price of $115,859.00. 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 $172,840.00, with the most expensive house in Mount Vernon, IL, topping out at $62,434,378.00 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 Condos

Market Trend for Mount Vernon, IL

Total Listings Available: 0

Market Values:

Home Prices from $6,829 to $62,434,378

Average Sales Price: $172,840

Rental Values:

Rental from $450 to $2,700

Average Rent Value: $996 / month

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