Mount Prospect Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $299,500
    5% ( $14,600 ) vs Feb 2015
  • Median Sales Price
    $275,000
    1% ( $2,000 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $170,000
    3% ( $6,000 ) vs Feb 2015
  • Foreclosures 152
    Homes for Sale 98
    Recently Sold 490

Market Summary

There are currently 152 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 98.

In March, the number of properties that received a foreclosure filing in Mount Prospect, IL was 12% higher than the previous month and 41% lower than the same time last year.

Home sales for February 2016 were up 38% compared with the previous month, and up 43% compared with a year ago. The median sales price of a non-distressed home was $275,000. The median sales price of a foreclosure home was $170,000, or 38% lower than non-distressed home sales.

Sales Prices - Mount Prospect, IL




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$170,000 (Median Foreclosure Sales Price) $176,000 (Median Foreclosure Sales Price) $172,000 (Median Foreclosure Sales Price) $187,500 (Median Foreclosure Sales Price) $153,000 (Median Foreclosure Sales Price) $216,500 (Median Foreclosure Sales Price) $275,000 (Median Sales Price) $277,000 (Median Sales Price) $288,500 (Median Sales Price) $283,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $170,000 (Median Foreclosure Sales Price) $176,000 (Median Foreclosure Sales Price) $172,000 (Median Foreclosure Sales Price) $187,500 (Median Foreclosure Sales Price) $153,000 (Median Foreclosure Sales Price) $216,500 (Median Foreclosure Sales Price) $275,000 (Median Sales Price) $277,000 (Median Sales Price) $288,500 (Median Sales Price) $283,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,661
48.5
% (y-o-y)
$245,000
0.0
% (y-o-y)
59.6%
60.8
% (y-o-y)
Des Plaines
102
54.5
% (y-o-y)
$162,500
9.7
% (y-o-y)
44.0%
4.2
% (y-o-y)
Schaumburg
94
36.2
% (y-o-y)
$205,000
4.7
% (y-o-y)
35.5%
38.3
% (y-o-y)
Arlington Heights
71
18.3
% (y-o-y)
$267,500
3.4
% (y-o-y)
30.5%
33.5
% (y-o-y)
Palatine
70
1.4
% (y-o-y)
$237,000
11.8
% (y-o-y)
48.1%
64.6
% (y-o-y)
Northbrook
40
0.0
% (y-o-y)
$477,500
17.9
% (y-o-y)
50.6%
7.5
% (y-o-y)
Wheeling
38
40.7
% (y-o-y)
$165,000
9.1
% (y-o-y)
29.1%
23.0
% (y-o-y)
Glenview
33
32.0
% (y-o-y)
$351,000
6.4
% (y-o-y)
24.3%
41.6
% (y-o-y)
Libertyville
31
106.7
% (y-o-y)
$333,000
10.0
% (y-o-y)
21.0%
0.0
% (y-o-y)
Elk Grove Village
28
21.7
% (y-o-y)
$192,000
7.5
% (y-o-y)
1.0%
14.5
% (y-o-y)

Local Info For Mount Prospect

Population:
53,838
Cost of Living Index: 117.78
Crime Index: 11.02     Rating: A+ View crime details
Schools: 12    Average School Rating: B+ View individual school rating
Household Median Income: $67,882
Unemployment: 5.00%
Percentage of vacant homes: 6.01%

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