Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $281,950
    3% ( $7,050 ) vs May 2013
  • Median Sales Price
    $245,000
    0% ( $0 ) vs May 2013
  • Median Foreclosure Sales Price
    $170,000
    0% ( $0 ) vs May 2013
  • Foreclosures 313
    Homes for Sale 97
    Recently Sold 510

Market Summary

There are currently 313 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 97.

In June, the number of properties that received a foreclosure filing in Mount Prospect, IL was 31% higher than the previous month and 28% lower than the same time last year.

Home sales for May 2014 were up 29% compared with the previous month, and up 16% compared with a year ago. The median sales price of a non-distressed home was $245,000. The median sales price of a foreclosure home was $170,000, or 31% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$170,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $171,500 (Median Foreclosure Sales Price) $155,000 (Median Foreclosure Sales Price) $139,250 (Median Foreclosure Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $244,000 (Median Sales Price) $245,000 (Median 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) $155,000 (Median Foreclosure Sales Price) $139,250 (Median Foreclosure Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $250,000 (Median Sales Price) $244,000 (Median Sales Price) $245,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Arlington Heights
149
25.2
% (y-o-y)
$265,000
10.4
% (y-o-y)
47.2%
66.3
% (y-o-y)
Schaumburg
122
17.0
% (y-o-y)
$210,000
13.2
% (y-o-y)
35.6%
40.7
% (y-o-y)
Des Plaines
120
9.1
% (y-o-y)
$158,750
8.0
% (y-o-y)
39.8%
12.4
% (y-o-y)
Palatine
116
15.3
% (y-o-y)
$220,000
2.3
% (y-o-y)
44.2%
64.9
% (y-o-y)
Northbrook
57
23.0
% (y-o-y)
$346,000
3.9
% (y-o-y)
19.1%
35.0
% (y-o-y)
Glenview
55
27.6
% (y-o-y)
$429,000
30.8
% (y-o-y)
42.4%
36.7
% (y-o-y)
Elk Grove Village
42
12.5
% (y-o-y)
$219,500
18.6
% (y-o-y)
22.6%
42.7
% (y-o-y)
Wheeling
41
32.8
% (y-o-y)
$130,000
0.0
% (y-o-y)
26.9%
34.6
% (y-o-y)
Libertyville
40
31.0
% (y-o-y)
$386,250
13.9
% (y-o-y)
24.4%
34.8
% (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: 5.30%
Percentage of vacant homes: 6.01%