Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $249,900
    7% ( $19,100 ) vs Jan 2014
  • Median Sales Price
    $262,500
    1% ( $1,500 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $125,000
    3% ( $3,500 ) vs Jan 2014
  • Foreclosures 223
    Homes for Sale 73
    Recently Sold 362

Market Summary

There are currently 223 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 73.

In February, the number of properties that received a foreclosure filing in Mount Prospect, IL was 42% lower than the previous month and 36% lower than the same time last year.

Home sales for January 2015 were down 24% compared with the previous month, and up 29% compared with a year ago. The median sales price of a non-distressed home was $262,500. The median sales price of a foreclosure home was $125,000, or 52% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$125,000 (Median Foreclosure Sales Price) $128,500 (Median Foreclosure Sales Price) $175,000 (Median Foreclosure Sales Price) $227,500 (Median Foreclosure Sales Price) $140,100 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price) $268,000 (Median Sales Price) $268,500 (Median Sales Price) $262,250 (Median Sales Price) $258,750 (Median 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) $140,100 (Median Foreclosure Sales Price) $113,500 (Median Foreclosure Sales Price) $262,500 (Median Sales Price) $264,000 (Median Sales Price) $268,000 (Median Sales Price) $268,500 (Median Sales Price) $262,250 (Median Sales Price) $258,750 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,251
31.0
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
Schaumburg
104
2.0
% (y-o-y)
$196,750
4.1
% (y-o-y)
37.5%
16.4
% (y-o-y)
Palatine
96
16.5
% (y-o-y)
$220,000
0.5
% (y-o-y)
55.5%
56.0
% (y-o-y)
Des Plaines
94
29.3
% (y-o-y)
$178,000
7.9
% (y-o-y)
29.2%
24.2
% (y-o-y)
Arlington Heights
82
12.8
% (y-o-y)
$255,000
1.9
% (y-o-y)
46.0%
23.5
% (y-o-y)
Northbrook
52
17.5
% (y-o-y)
$419,500
9.2
% (y-o-y)
Data not available
Wheeling
45
2.2
% (y-o-y)
$146,250
4.5
% (y-o-y)
20.5%
10.7
% (y-o-y)
Morton Grove
40
25.0
% (y-o-y)
$248,250
8.4
% (y-o-y)
24.7%
3.9
% (y-o-y)
Glenview
39
36.1
% (y-o-y)
$327,000
14.6
% (y-o-y)
32.6%
38.6
% (y-o-y)
Niles
25
13.8
% (y-o-y)
$225,000
6.1
% (y-o-y)
42.2%
15.2
% (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: 4.00%
Percentage of vacant homes: 6.01%