Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $292,450
    1% ( $2,550 ) vs Jul 2013
  • Median Sales Price
    $250,000
    0% ( $0 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $140,100
    22% ( $39,900 ) vs Jul 2013
  • Foreclosures 287
    Homes for Sale 86
    Recently Sold 491

Market Summary

There are currently 287 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 86.

In August, the number of properties that received a foreclosure filing in Mount Prospect, IL was 26% lower than the previous month and 4% higher than the same time last year.

Home sales for July 2014 were up 0% compared with the previous month, and down 65% 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 $140,100, or 44% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$140,100 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $171,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $140,100 (Median Foreclosure Sales Price) $180,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $171,500 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,412
56.8
% (y-o-y)
$290,000
5.5
% (y-o-y)
67.2%
69.8
% (y-o-y)
Arlington Heights
104
49.5
% (y-o-y)
$305,000
9.5
% (y-o-y)
54.9%
55.1
% (y-o-y)
Schaumburg
99
49.5
% (y-o-y)
$219,000
6.3
% (y-o-y)
31.5%
45.9
% (y-o-y)
Palatine
95
56.0
% (y-o-y)
$250,000
0.4
% (y-o-y)
56.5%
68.3
% (y-o-y)
Des Plaines
70
62.2
% (y-o-y)
$177,500
7.6
% (y-o-y)
12.7%
29.8
% (y-o-y)
Libertyville
55
34.5
% (y-o-y)
$435,000
6.1
% (y-o-y)
16.1%
47.5
% (y-o-y)
Northbrook
39
62.1
% (y-o-y)
$420,000
5.0
% (y-o-y)
48.0%
28.8
% (y-o-y)
Wheeling
37
54.9
% (y-o-y)
$147,000
8.3
% (y-o-y)
15.6%
25.8
% (y-o-y)
Glenview
37
70.6
% (y-o-y)
$429,500
5.5
% (y-o-y)
36.0%
39.8
% (y-o-y)
Morton Grove
33
49.2
% (y-o-y)
$275,000
11.1
% (y-o-y)
20.2%
12.8
% (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: 5.00%
Percentage of vacant homes: 6.01%