Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $262,900
    5% ( $13,000 ) vs Feb 2014
  • Median Sales Price
    $251,000
    4% ( $11,500 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $162,500
    30% ( $37,500 ) vs Feb 2014
  • Foreclosures 207
    Homes for Sale 102
    Recently Sold 345

Market Summary

There are currently 207 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 102.

In March, the number of properties that received a foreclosure filing in Mount Prospect, IL was 129% higher than the previous month and 19% higher than the same time last year.

Home sales for February 2015 were down 47% compared with the previous month, and down 36% compared with a year ago. The median sales price of a non-distressed home was $251,000. The median sales price of a foreclosure home was $162,500, or 35% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$162,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,500 (Median Foreclosure Sales Price) $175,000 (Median Foreclosure Sales Price) $227,500 (Median Foreclosure Sales Price) $140,100 (Median Foreclosure Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price) $268,000 (Median Sales Price) $268,500 (Median Sales Price) $262,250 (Median Sales Price) $162,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $128,500 (Median Foreclosure Sales Price) $175,000 (Median Foreclosure Sales Price) $227,500 (Median Foreclosure Sales Price) $140,100 (Median Foreclosure Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price) $268,000 (Median Sales Price) $268,500 (Median Sales Price) $262,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,786
30.2
% (y-o-y)
$245,000
2.0
% (y-o-y)
60.4%
64.4
% (y-o-y)
Palatine
69
0.0
% (y-o-y)
$212,000
4.5
% (y-o-y)
64.6%
59.0
% (y-o-y)
Schaumburg
69
12.7
% (y-o-y)
$195,750
15.1
% (y-o-y)
38.3%
1.9
% (y-o-y)
Des Plaines
66
37.1
% (y-o-y)
$180,000
28.6
% (y-o-y)
4.2%
16.8
% (y-o-y)
Arlington Heights
60
31.8
% (y-o-y)
$258,750
0.9
% (y-o-y)
33.5%
34.9
% (y-o-y)
Northbrook
40
20.0
% (y-o-y)
$405,000
5.5
% (y-o-y)
Data not available
Wheeling
27
10.0
% (y-o-y)
$151,250
12.5
% (y-o-y)
23.0%
3.3
% (y-o-y)
Glenview
24
36.8
% (y-o-y)
$327,750
17.9
% (y-o-y)
41.2%
41.1
% (y-o-y)
Morton Grove
24
7.7
% (y-o-y)
$248,250
8.4
% (y-o-y)
27.7%
19.7
% (y-o-y)
Elk Grove Village
23
34.3
% (y-o-y)
$207,500
9.2
% (y-o-y)
14.5%
21.8
% (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: 4.80%
Percentage of vacant homes: 6.01%