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Foreclosure Homes in Vernon, IL

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Vernon, IL Foreclosures

Current Market Conditions in in Vernon, IL As of February 2026?
In the past month, Vernon's real estate market has remained stable despite typical seasonal fluctuations. There has been a slight uptick in median home prices as inventory levels thin out in preparation for the winter months. While homes are still selling relatively quickly, the growth has slowed slightly compared to previous months, which is expected during this time of the year.
How much do homes sell for in Vernon, IL?
The average home price is currently $155,073.
In Vernon, IL, how many homes are available?
There are currently 1 active home listings available in Vernon.
What’s the average rental cost in Vernon, IL?
The average rental price in Vernon is $859.
What is the most expensive home in Vernon?
The most expensive home sold in Vernon had a price of $889,060.
What is currently the cheapest priced home in Vernon, IL?
The cheapest home for sale in Vernon is priced at $7,880.

Living in Vernon, IL

Vernon, Illinois, is a charming suburban town known for its peaceful atmosphere and community-oriented lifestyle. Residents have access to excellent schools, ample recreational parks, and convenient shopping and dining options nearby. The town's close-knit environment makes it ideal for families and those seeking a quiet retreat from city life.

Buyer vs Seller Market in Vernon, IL

The real estate market in Vernon is currently experiencing steady growth, with an increase in demand for homes due to its appealing suburban lifestyle. Home prices have seen a moderate appreciation, and the market remains competitive with new listings often attracting multiple offers. Families and first-time buyers are particularly interested in the available properties.

Home Value Estimator For Vernon, IL

There are currently 141 real estate properties in Vernon, IL, with a median automated valuation model (AVM) price of $116,587.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in 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 Vernon, IL, is $155,073.00, with the most expensive house in Vernon, IL, topping out at $889,060.00 and the cheapest home in Vernon, IL, clocking in at $7,880.00. In other words, there’s something for every potential homebuyer or savvy investor in Vernon, IL!

Rent Prices In Vernon, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Vernon, IL, is on a rollercoaster ride. The average rent price in Vernon, IL, is $859.00. Indeed, when looking to rent in Vernon, IL, you can expect to pay as little as $480.00 or as much as $1,870.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in 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.

Vernon, IL Foreclosures

Market Trend for Vernon, IL

Total Listings Available: 1

Market Values:

Home Prices from $7,880 to $889,060

Average Sales Price: $155,073

Rental Values:

Rental from $480 to $1,870

Average Rent Value: $859 / month

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