Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $250,000
    3% ( $8,950 ) vs Feb 2013
  • Median Sales Price
    $250,000
    2% ( $6,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $171,500
    11% ( $16,500 ) vs Feb 2013
  • Foreclosures 334
    Homes for Sale 82
    Recently Sold 623

Market Summary

There are currently 334 properties in Mount Prospect, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 82.

In March, the number of properties that received a foreclosure filing in Mount Prospect, IL was 23% higher than the previous month and 43% lower than the same time last year.

Home sales for February 2014 were up 7% compared with the previous month, and up 52% compared with a year ago. The median sales price of a non-distressed home was $250,000. The median sales price of a foreclosure home was $171,500, or 31% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$171,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $139,250 (Median Foreclosure Sales Price) $138,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $150,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $244,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $243,000 (Median Sales Price) $241,000 (Median Sales Price) $171,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $139,250 (Median Foreclosure Sales Price) $138,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $150,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $244,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $243,000 (Median Sales Price) $241,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,553
10.1
% (y-o-y)
$250,000
16.0
% (y-o-y)
64.6%
63.8
% (y-o-y)
Des Plaines
105
8.7
% (y-o-y)
$140,000
13.8
% (y-o-y)
16.8%
39.8
% (y-o-y)
Arlington Heights
88
15.8
% (y-o-y)
$262,000
33.0
% (y-o-y)
35.1%
13.7
% (y-o-y)
Schaumburg
79
27.5
% (y-o-y)
$170,000
4.9
% (y-o-y)
1.9%
31.8
% (y-o-y)
Palatine
69
21.6
% (y-o-y)
$222,000
6.3
% (y-o-y)
60.6%
71.3
% (y-o-y)
Northbrook
50
6.4
% (y-o-y)
$382,000
17.5
% (y-o-y)
16.7%
29.4
% (y-o-y)
Glenview
38
15.6
% (y-o-y)
$399,000
27.1
% (y-o-y)
41.1%
32.0
% (y-o-y)
Elk Grove Village
35
0.0
% (y-o-y)
$190,000
16.9
% (y-o-y)
21.8%
40.9
% (y-o-y)
Niles
32
77.8
% (y-o-y)
$230,000
5.7
% (y-o-y)
5.9%
23.7
% (y-o-y)
Wheeling
30
9.1
% (y-o-y)
$134,500
31.5
% (y-o-y)
3.3%
16.9
% (y-o-y)

Local Info For Mount Prospect

Population:
53,838
Cost of Living Index: 117.78
Crime Index: 12.66     Rating: A+ View crime details
Schools: 12    Average School Rating: B+ View individual school rating
Household Median Income: $67,882
Unemployment: 5.80%
Percentage of vacant homes: 6.01%