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MOUNT VERNON, IN 47620

Real Estate Market Report  ·  Posey County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
42
⇧ 20% vs 35 last year
Pending
12
29% pending ratio
Median Price
$239,900
⇩ 7.3% vs $258,675 last year
Average Price
$264,787
⇩ 1.6% vs $269,066 last year
Days on Market
74
⇧ 29.8% vs 57 days last year

Market Context

Population: 12,738  ·  Density: 23.6/mi²  ·  Median household income: $72,646

Typical home value: $196,475  ·  Homeownership: 74.2%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The MOUNT VERNON, IN real estate market (47620) currently shows 42 active listings, with 12 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 57 days last year.

The median listing price has fallen 7.3% year-over-year, from $258,675 to $239,900.

Whether you are buying or selling in MOUNT VERNON, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 35 last year
  • Days on market: 74 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $239,900 (-7.3% YoY)
  • Average: $264,787 (-1.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.6 miles — 373 listings ($86,730,349 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47620Mount Vernon, IN 476200.0 mi42$11,121,054$239,900$264,787
62867New Haven, IL 6286710.8 mi3$354,900$145,000$118,300
47638Wadesville, IN 4763811.8 mi10$2,896,600$299,900$289,660
42406Corydon, KY 4240613.8 mi7$1,561,840$159,900$223,120
47720Evansville, IN 4772016.8 mi27$17,105,445$364,900$633,535
62827Crossville, IL 6282717.7 mi3$403,899$99,900$134,633
42437Morganfield, KY 4243718.7 mi10$2,254,140$164,900$225,414
47713Evansville, IN 4771319.2 mi61$9,360,145$114,900$153,445
62871Omaha, IL 6287120.0 mi2$188,000$94,000$94,000
62869Norris City, IL 6286920.7 mi4$624,500$155,250$156,125
47714Evansville, IN 4771421.0 mi99$14,442,120$117,000$145,880
42420Henderson, KY 4242023.2 mi99$25,878,006$225,000$261,394
62844Grayville, IL 6284423.6 mi6$539,700$66,950$89,950

Frequently Asked Questions

How many homes are for sale in MOUNT VERNON, IN 47620?

As of January 2026, there are 42 active listings in MOUNT VERNON, IN (zip code 47620), compared to 35 the prior year.

What is the median home price in MOUNT VERNON, IN 47620?

The median listing price in MOUNT VERNON, IN 47620 is $239,900 as of January 2026, a 7.3% decrease from $258,675 the prior year.

How long do homes stay on the market in MOUNT VERNON, IN?

Homes in MOUNT VERNON, IN 47620 spend an average of 74 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in MOUNT VERNON, IN 47620?

Based on current inventory and days-on-market data as of January 2026, MOUNT VERNON, IN 47620 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 57 days last year.

How much can I save on real estate commission in MOUNT VERNON, IN?

With SELL123.com's maximum 3% commission, sellers in MOUNT VERNON, IN 47620 save an estimated $4,798 compared to a typical 5% commission on the median listing price of $239,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.