Is Mount Vernon, IN 47620 a buyer’s or seller’s market?
Mount Vernon is a seller’s market. With about 2.6 months of supply and 37% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 85% of U.S. ZIP codes, and #10 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Mount Vernon housing market right now
In the three months ending August 31, 2026, 37% of homes in Mount Vernon, IN 47620 sold above their list price, the typical home went under contract in 10 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 44 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (16 days then) and the median sale price rose 35% to $264,885. Overall, Mount Vernon is more competitive than a year ago, so tougher for buyers.
On our competition score, Mount Vernon ranks #10 of 306 IN ZIP codes with enough sales (score 80 out of 100).
Nearby, buyers who want less competition could look at Wadesville 47638 (0% sold over asking) or Poseyville 47633 (25% sold over asking), while New Harmony 47631 (67% sold over asking) is even more competitive.
Run the numbers for 47620
Nearby markets
New Harmony 47631Balanced $191 /sq ftPoseyville 47633Seller’s market $143 /sq ftWadesville 47638Seller’s market $145 /sq ft Browse all markets →Towns like Mount Vernon nearby
Find towns like Mount Vernon in other states →Where Mount Vernon is
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Questions about Mount Vernon real estate
Is Mount Vernon a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Mount Vernon, IN 47620 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mount Vernon?
The typical home went under contract in 10 days in the latest three months.
Do homes in Mount Vernon sell over asking?
37% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Mount Vernon?
About 0.62% of a home’s value a year in Posey County, or roughly $2,480 on a $400,000 home.
What is the median home price in Mount Vernon?
The median sale price was $264,885 in the three months ending August 31, 2026, about $128 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology