Is Mount Vernon, IL 62864 a buyer’s or seller’s market?
Mount Vernon is a seller’s market. With about 3.2 months of supply and 21% 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 31% of U.S. ZIP codes, and #439 of 464 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, 21% of homes in Mount Vernon, IL 62864 sold above their list price, the typical home went under contract in 68 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold faster (74 days then) and the median sale price held steady to $157,432. Overall, Mount Vernon is more competitive than a year ago, so tougher for buyers.
Within Jefferson County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Mount Vernon ranks #439 of 464 IL ZIP codes with enough sales (score 34 out of 100).
Nearby, buyers who want less competition could look at Woodlawn 62898 (0% sold over asking) or Waltonville 62894 (0% sold over asking).
Run the numbers for 62864
Nearby markets
Bluford 62814 — /sq ftBonnie 62816Seller’s market $103 /sq ftDix 62830Seller’s market $111 /sq ftIna 62846Buyer’s market $142 /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 3.2 months of supply in Mount Vernon, IL 62864 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 68 days in the latest three months.
Do homes in Mount Vernon sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Mount Vernon?
About 1.70% of a home’s value a year in Jefferson County, or roughly $6,800 on a $400,000 home.
What is the median home price in Mount Vernon?
The median sale price was $157,432 in the three months ending August 31, 2026, about $110 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