Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $298,765
    3% ( $8,865 ) vs May 2014
  • Median Sales Price
    $247,500
    10% ( $22,500 ) vs May 2014
  • Median Foreclosure Sales Price
    $217,500
    0% ( $0 ) vs May 2014
  • Foreclosures 183
    Homes for Sale 117
    Recently Sold 191

Market Summary

There are currently 183 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 117.

In June, the number of properties that received a foreclosure filing in Mount Prospect, IL was 13% lower than the previous month and 62% lower than the same time last year.

Home sales for May 2015 were up 184% compared with the previous month, and down 25% compared with a year ago. The median sales price of a non-distressed home was $247,500. The median sales price of a foreclosure home was $217,500, or 12% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$217,500 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $174,000 (Median Foreclosure Sales Price) $162,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,500 (Median Foreclosure Sales Price) $247,500 (Median Sales Price) $225,000 (Median Sales Price) $237,500 (Median Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price) $217,500 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure Sales Price) $174,000 (Median Foreclosure Sales Price) $162,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,500 (Median Foreclosure Sales Price) $247,500 (Median Sales Price) $225,000 (Median Sales Price) $237,500 (Median Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,591
29.0
% (y-o-y)
$276,500
0.5
% (y-o-y)
60.9%
65.8
% (y-o-y)
Palatine
93
19.8
% (y-o-y)
$250,000
13.6
% (y-o-y)
51.8%
44.2
% (y-o-y)
Schaumburg
88
27.9
% (y-o-y)
$182,000
13.7
% (y-o-y)
30.2%
35.9
% (y-o-y)
Des Plaines
88
26.7
% (y-o-y)
$171,000
8.9
% (y-o-y)
22.2%
39.2
% (y-o-y)
Arlington Heights
87
41.6
% (y-o-y)
$315,500
19.1
% (y-o-y)
32.5%
47.2
% (y-o-y)
Northbrook
60
5.3
% (y-o-y)
$435,000
25.7
% (y-o-y)
33.6%
19.1
% (y-o-y)
Glenview
48
12.7
% (y-o-y)
$418,750
2.4
% (y-o-y)
52.1%
42.4
% (y-o-y)
Morton Grove
35
2.9
% (y-o-y)
$250,000
13.6
% (y-o-y)
16.0%
11.4
% (y-o-y)
Niles
30
14.3
% (y-o-y)
$231,000
5.0
% (y-o-y)
13.4%
20.5
% (y-o-y)
Elk Grove Village
29
31.0
% (y-o-y)
$223,000
1.7
% (y-o-y)
43.3%
22.5
% (y-o-y)

Local Info For Mount Prospect

Population:
53,838
Cost of Living Index: 117.78
Crime Index: 28.67     Rating: A View crime details
Schools: 12    Average School Rating: B+ View individual school rating
Household Median Income: $67,882
Unemployment: 4.60%
Percentage of vacant homes: 6.01%