Comprehensive market data and analysis• Updated Oct 2026
38.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 5 |
| 1-2 acres | - | 1 | 2 | 5 |
| 2-5 acres | - | 2 | 3 | 4 |
| 5-10 acres | - | 1 | 1 | 3 |
| 10-20 acres | - | - | 1 | 4 |
| 20-50 acres | - | - | - | 4 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 5 | 8 | 26 |
Acreage buckets
The median price for land in Mount Vernon, Illinois is currently $9K per acre. For a typical parcel, the median sale price is $58K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $13K while premium lots reached $255K.
Mount Vernon, Illinois is currently a strong buyer's market with 38.4 months of supply. Buyers have more negotiating power and can take time to find the right property.
Mount Vernon, Illinois currently has 38.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Mount Vernon, Illinois is 2.6% (3-month basis), indicating slow demand. The top-performing broker in this market is King City Property Brokers.
Over the past 12 months, Mount Vernon, Illinois saw 31 properties sold, totaling $3.6M in sales volume. In just the last 3 months, 5 properties changed hands.
The median land price in Mount Vernon, Illinois stands at $58K. This translates to roughly $9K per acre for the typical parcel size. The average price is $115K, indicating some higher-priced properties pulling up the average.
Land in Mount Vernon, Illinois typically sells within 180 days of listing. The median time on market is 30 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Mount Vernon on LandyDandy.
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