Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $295,000
    5% ( $15,000 ) vs Jun 2013
  • Median Sales Price
    $250,000
    2% ( $5,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $180,000
    6% ( $10,000 ) vs Jun 2013
  • Foreclosures 304
    Homes for Sale 118
    Recently Sold 485

Market Summary

There are currently 304 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 118.

In July, the number of properties that received a foreclosure filing in Mount Prospect, IL was 3% higher than the previous month and 21% higher than the same time last year.

Home sales for June 2014 were down 46% compared with the previous month, and down 28% compared with a year ago. The median sales price of a non-distressed home was $250,000. The median sales price of a foreclosure home was $180,000, or 28% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$180,000 (Median Foreclosure 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) $250,000 (Median 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) $180,000 (Median Foreclosure 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) $250,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,530
45.2
% (y-o-y)
$288,000
7.7
% (y-o-y)
66.7%
69.5
% (y-o-y)
Schaumburg
107
34.4
% (y-o-y)
$211,250
9.0
% (y-o-y)
29.0%
43.2
% (y-o-y)
Des Plaines
100
30.1
% (y-o-y)
$167,000
11.3
% (y-o-y)
29.9%
8.0
% (y-o-y)
Arlington Heights
99
31.7
% (y-o-y)
$300,000
13.6
% (y-o-y)
53.3%
46.4
% (y-o-y)
Palatine
83
45.4
% (y-o-y)
$230,000
1.5
% (y-o-y)
36.5%
67.7
% (y-o-y)
Northbrook
59
21.3
% (y-o-y)
$380,000
2.6
% (y-o-y)
31.6%
39.6
% (y-o-y)
Glenview
56
22.2
% (y-o-y)
$435,000
24.3
% (y-o-y)
46.9%
25.7
% (y-o-y)
Libertyville
55
6.8
% (y-o-y)
$395,000
3.9
% (y-o-y)
14.2%
41.8
% (y-o-y)
Elk Grove Village
35
36.4
% (y-o-y)
$219,250
16.6
% (y-o-y)
42.6%
43.0
% (y-o-y)
Wheeling
31
52.3
% (y-o-y)
$145,000
13.7
% (y-o-y)
14.8%
26.3
% (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%