Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $269,900
    3% ( $7,000 ) vs Mar 2014
  • Median Sales Price
    $237,500
    5% ( $13,500 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $174,000
    7% ( $11,500 ) vs Mar 2014
  • Foreclosures 200
    Homes for Sale 114
    Recently Sold 285

Market Summary

There are currently 200 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 114.

In April, the number of properties that received a foreclosure filing in Mount Prospect, IL was 0% higher than the previous month and 14% higher than the same time last year.

Home sales for March 2015 were down 79% compared with the previous month, and down 87% compared with a year ago. The median sales price of a non-distressed home was $237,500. The median sales price of a foreclosure home was $174,000, or 27% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,149
62.8
% (y-o-y)
$240,000
2.0
% (y-o-y)
59.2%
63.5
% (y-o-y)
Schaumburg
51
42.0
% (y-o-y)
$187,500
10.3
% (y-o-y)
36.0%
13.2
% (y-o-y)
Palatine
35
55.7
% (y-o-y)
$180,000
12.7
% (y-o-y)
58.3%
61.0
% (y-o-y)
Arlington Heights
34
53.4
% (y-o-y)
$275,000
8.5
% (y-o-y)
26.2%
39.4
% (y-o-y)
Des Plaines
30
70.0
% (y-o-y)
$160,000
18.5
% (y-o-y)
Data not available
Wheeling
21
50.0
% (y-o-y)
$152,250
41.6
% (y-o-y)
17.9%
20.9
% (y-o-y)
Northbrook
18
66.7
% (y-o-y)
$425,000
21.4
% (y-o-y)
0.7%
17.1
% (y-o-y)
Elk Grove Village
18
28.0
% (y-o-y)
$221,500
22.4
% (y-o-y)
35.2%
28.5
% (y-o-y)
Morton Grove
16
27.3
% (y-o-y)
$238,000
17.8
% (y-o-y)
22.4%
28.6
% (y-o-y)
Glenview
14
58.8
% (y-o-y)
$275,500
28.9
% (y-o-y)
19.4%
22.6
% (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: 4.60%
Percentage of vacant homes: 6.01%