Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $293,700
    0% ( $0 ) vs Oct 2013
  • Median Sales Price
    $268,500
    2% ( $6,250 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $227,500
    62% ( $87,400 ) vs Oct 2013
  • Foreclosures 264
    Homes for Sale 52
    Recently Sold 571

Market Summary

There are currently 264 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 52.

In November, the number of properties that received a foreclosure filing in Mount Prospect, IL was 10% higher than the previous month and 8% lower than the same time last year.

Home sales for October 2014 were up 20% compared with the previous month, and up 65% compared with a year ago. The median sales price of a non-distressed home was $268,500. The median sales price of a foreclosure home was $227,500, or 15% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$227,500 (Median Foreclosure 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) $268,500 (Median 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) $227,500 (Median Foreclosure 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) $268,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,435
20.1
% (y-o-y)
$280,000
5.7
% (y-o-y)
62.5%
65.7
% (y-o-y)
Schaumburg
183
30.7
% (y-o-y)
$196,500
8.6
% (y-o-y)
19.1%
42.3
% (y-o-y)
Palatine
159
14.4
% (y-o-y)
$248,000
3.3
% (y-o-y)
59.5%
65.9
% (y-o-y)
Des Plaines
153
9.3
% (y-o-y)
$190,000
15.2
% (y-o-y)
37.1%
38.8
% (y-o-y)
Arlington Heights
142
0.7
% (y-o-y)
$297,500
3.6
% (y-o-y)
39.2%
46.0
% (y-o-y)
Glenview
91
33.8
% (y-o-y)
$350,000
10.9
% (y-o-y)
Data not available
Northbrook
82
15.5
% (y-o-y)
$440,000
3.3
% (y-o-y)
15.9%
39.6
% (y-o-y)
Wheeling
57
23.0
% (y-o-y)
$151,000
0.7
% (y-o-y)
18.9%
16.7
% (y-o-y)
Morton Grove
57
72.7
% (y-o-y)
$242,500
4.9
% (y-o-y)
Data not available
Libertyville
52
30.0
% (y-o-y)
$395,000
7.1
% (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: 4.50%
Percentage of vacant homes: 6.01%