Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $289,900
    7% ( $20,000 ) vs Apr 2014
  • Median Sales Price
    $225,000
    5% ( $12,500 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $217,500
    25% ( $43,500 ) vs Apr 2014
  • Foreclosures 178
    Homes for Sale 118
    Recently Sold 230

Market Summary

There are currently 178 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 118.

In May, the number of properties that received a foreclosure filing in Mount Prospect, IL was 53% lower than the previous month and 42% lower than the same time last year.

Home sales for April 2015 were up 217% compared with the previous month, and down 66% compared with a year ago. The median sales price of a non-distressed home was $225,000. The median sales price of a foreclosure home was $217,500, or 3% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$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) $175,000 (Median Foreclosure 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) $268,000 (Median 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) $175,000 (Median Foreclosure 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) $268,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,681
59.3
% (y-o-y)
$250,000
4.2
% (y-o-y)
61.2%
65.5
% (y-o-y)
Schaumburg
62
56.9
% (y-o-y)
$190,500
4.8
% (y-o-y)
37.0%
32.0
% (y-o-y)
Des Plaines
56
61.6
% (y-o-y)
$156,500
15.9
% (y-o-y)
2.6%
29.3
% (y-o-y)
Palatine
42
63.8
% (y-o-y)
$207,500
5.3
% (y-o-y)
54.7%
55.5
% (y-o-y)
Arlington Heights
38
71.4
% (y-o-y)
$275,000
4.0
% (y-o-y)
17.6%
47.1
% (y-o-y)
Wheeling
23
57.4
% (y-o-y)
$146,250
13.4
% (y-o-y)
10.6%
5.6
% (y-o-y)
Northbrook
22
66.2
% (y-o-y)
$430,000
24.6
% (y-o-y)
32.2%
14.8
% (y-o-y)
Glenview
20
70.6
% (y-o-y)
$310,000
18.4
% (y-o-y)
48.4%
38.2
% (y-o-y)
Elk Grove Village
19
55.8
% (y-o-y)
$225,000
21.6
% (y-o-y)
36.2%
6.5
% (y-o-y)
Rolling Meadows
19
50.0
% (y-o-y)
$179,000
19.3
% (y-o-y)
Data not available

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: 4.30%
Percentage of vacant homes: 6.01%