Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $292,900
    1% ( $2,100 ) vs Sep 2013
  • Median Sales Price
    $262,250
    1% ( $3,500 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $140,100
    23% ( $26,600 ) vs Sep 2013
  • Foreclosures 273
    Homes for Sale 50
    Recently Sold 562

Market Summary

There are currently 273 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 50.

In October, the number of properties that received a foreclosure filing in Mount Prospect, IL was 11% higher than the previous month and 51% lower than the same time last year.

Home sales for September 2014 were up 19% compared with the previous month, and down 7% compared with a year ago. The median sales price of a non-distressed home was $262,250. The median sales price of a foreclosure home was $140,100, or 47% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$140,100 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure 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) $262,250 (Median Sales Price) $258,750 (Median Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $140,100 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure 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) $262,250 (Median Sales Price) $258,750 (Median Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,445
3.5
% (y-o-y)
$290,000
5.8
% (y-o-y)
65.5%
67.7
% (y-o-y)
Schaumburg
180
4.3
% (y-o-y)
$205,000
6.8
% (y-o-y)
23.2%
45.9
% (y-o-y)
Arlington Heights
144
2.0
% (y-o-y)
$294,000
1.4
% (y-o-y)
72.7%
52.7
% (y-o-y)
Palatine
141
13.5
% (y-o-y)
$250,000
0.2
% (y-o-y)
64.0%
68.5
% (y-o-y)
Des Plaines
127
19.6
% (y-o-y)
$190,000
8.6
% (y-o-y)
18.4%
40.3
% (y-o-y)
Northbrook
107
40.8
% (y-o-y)
$434,000
1.5
% (y-o-y)
Data not available
Glenview
87
7.4
% (y-o-y)
$361,500
13.0
% (y-o-y)
Data not available
Niles
62
31.9
% (y-o-y)
$244,000
3.8
% (y-o-y)
15.9%
48.1
% (y-o-y)
Elk Grove Village
60
20.0
% (y-o-y)
$208,000
3.3
% (y-o-y)
40.5%
30.2
% (y-o-y)
Libertyville
55
3.8
% (y-o-y)
$427,000
3.0
% (y-o-y)
Data not available

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: 4.60%
Percentage of vacant homes: 6.01%