Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $295,900
    1% ( $3,450 ) vs Aug 2013
  • Median Sales Price
    $258,750
    4% ( $8,750 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $113,500
    19% ( $26,600 ) vs Aug 2013
  • Foreclosures 278
    Homes for Sale 90
    Recently Sold 519

Market Summary

There are currently 278 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 90.

In September, the number of properties that received a foreclosure filing in Mount Prospect, IL was 27% lower than the previous month and 17% lower than the same time last year.

Home sales for August 2014 were up 51% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $258,750. The median sales price of a foreclosure home was $113,500, or 56% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$113,500 (Median Foreclosure Sales Price) $140,100 (Median Foreclosure 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) $258,750 (Median Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median 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) $170,000 (Median Foreclosure Sales Price) $136,500 (Median Foreclosure Sales Price) $258,750 (Median Sales Price) $250,000 (Median Sales Price) $250,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price) $245,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,064
40.0
% (y-o-y)
$292,500
5.6
% (y-o-y)
66.2%
68.6
% (y-o-y)
Schaumburg
124
47.2
% (y-o-y)
$205,000
7.0
% (y-o-y)
23.9%
49.2
% (y-o-y)
Arlington Heights
109
47.3
% (y-o-y)
$308,500
6.4
% (y-o-y)
61.4%
52.6
% (y-o-y)
Des Plaines
94
49.7
% (y-o-y)
$180,500
6.8
% (y-o-y)
11.4%
33.1
% (y-o-y)
Palatine
91
47.7
% (y-o-y)
$253,500
1.4
% (y-o-y)
58.8%
68.2
% (y-o-y)
Libertyville
62
20.5
% (y-o-y)
$432,500
0.6
% (y-o-y)
21.4%
26.0
% (y-o-y)
Northbrook
61
29.9
% (y-o-y)
$436,000
2.6
% (y-o-y)
51.0%
34.7
% (y-o-y)
Glenview
59
35.9
% (y-o-y)
$384,500
7.7
% (y-o-y)
7.7%
49.6
% (y-o-y)
Rolling Meadows
40
32.2
% (y-o-y)
$182,000
4.1
% (y-o-y)
38.2%
40.2
% (y-o-y)
Elk Grove Village
39
41.8
% (y-o-y)
$210,500
3.7
% (y-o-y)
40.9%
38.4
% (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: 4.70%
Percentage of vacant homes: 6.01%

MLS Listings
There are no properties available