Mt Vernon, IL Housing Market & Real Estate Update (March 1, 2026)
Mt Vernon, IL – March 1, 2026 – Home values and inventory stayed steady into late January, with buyers seeing more choices and slower closings.
Mount Vernon’s housing market continues to look mixed: modest value growth in broader estimates, but softer recent closed-sale pricing and longer marketing times for many listings. With active inventory available, buyers have more homes to compare and more room to be selective.
Top takeaways
- Zillow estimates typical home values around $121K, up about 3.2% year-over-year (data through Jan. 31, 2026).
- Redfin’s recent closed-sale snapshot shows a median sale price near $74K in Dec. 2025, with homes averaging about 41 days on market.
- Zillow reported 82 homes for sale and 19 new listings as of Jan. 31, suggesting fresh options coming online after the holidays.
Market snapshot
Pricing and timing remain key. With longer days on market, move-in-ready condition and pre-list repairs may help reduce time to contract. Buyers may want to track the spread between list prices (Zillow shows a median list price near $204K) and what’s actually closing, since those signals can differ.
What to watch next
- Whether spring activity brings a meaningful pickup in new listings, and if price reductions become more common.
- How mortgage-rate volatility shows up in showing activity and days on market.
Are you seeing more price cuts, more showings, or more homes sitting longer?