Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $315,000
    5% ( $16,235 ) vs Jun 2014
  • Median Sales Price
    $260,000
    5% ( $12,500 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $221,500
    2% ( $4,000 ) vs Jun 2014
  • Foreclosures 175
    Homes for Sale 113
    Recently Sold 143

Market Summary

There are currently 175 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 113.

In July, the number of properties that received a foreclosure filing in Mount Prospect, IL was 85% higher than the previous month and 31% lower than the same time last year.

Home sales for June 2015 were down 46% compared with the previous month, and down 29% compared with a year ago. The median sales price of a non-distressed home was $260,000. The median sales price of a foreclosure home was $221,500, or 15% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$221,500 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure 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) $260,000 (Median Sales Price) $247,500 (Median Sales Price) $225,000 (Median Sales Price) $237,500 (Median Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price) $221,500 (Median Foreclosure Sales Price) $217,500 (Median Foreclosure 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) $260,000 (Median Sales Price) $247,500 (Median Sales Price) $225,000 (Median Sales Price) $237,500 (Median Sales Price) $251,000 (Median Sales Price) $262,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,949
23.9
% (y-o-y)
$290,500
0.2
% (y-o-y)
62.5%
66.9
% (y-o-y)
Schaumburg
74
30.8
% (y-o-y)
$183,000
13.6
% (y-o-y)
22.4%
29.2
% (y-o-y)
Des Plaines
64
37.9
% (y-o-y)
$180,000
9.1
% (y-o-y)
31.0%
29.1
% (y-o-y)
Arlington Heights
60
40.0
% (y-o-y)
$330,750
10.3
% (y-o-y)
41.4%
53.3
% (y-o-y)
Palatine
53
36.9
% (y-o-y)
$245,000
6.5
% (y-o-y)
47.0%
36.5
% (y-o-y)
Northbrook
36
40.0
% (y-o-y)
$435,000
13.0
% (y-o-y)
35.9%
32.5
% (y-o-y)
Wheeling
31
0.0
% (y-o-y)
$155,000
6.9
% (y-o-y)
34.2%
14.8
% (y-o-y)
Glenview
31
44.6
% (y-o-y)
$450,000
3.4
% (y-o-y)
44.3%
46.9
% (y-o-y)
Prospect Heights
26
36.8
% (y-o-y)
$212,500
11.1
% (y-o-y)
10.8%
60.8
% (y-o-y)
Morton Grove
23
0.0
% (y-o-y)
$251,500
3.7
% (y-o-y)
16.5%
9.3
% (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%