Mount Prospect, IL Home Values & Market Trends
Real estate market trends reflect that there have been 679 transactions over the past year in Mount Prospect. The median value for residential home transactions that occurred over the previous year is $360,480.11. The number of current listings in Mount Prospect is 18, and the percentage of properties for sale in the city is 18.00%. Mount Prospect, IL currently has 27 properties in foreclosure, 2 bank owned properties, 4 properties headed for auction, and 18 properties for sale.
Mount Prospect, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60056 | $ 319,848 $ 220/sqft |
Housing Market Summary for Mount Prospect, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $474.9K | $353.3K | -25.61% |
| Median Sold Price | $365.5K | $353.3K | -3.34% |
| Homes For Sale | 14 | 11 | -21.43% |
| Homes Sold | 495 | 449 | -9.29% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Mount Prospect, IL
Browse Homes in Mount Prospect, IL
Mount Prospect home values range from $39,002 to $1,712,744. The median estimated value of a home in Mount Prospect is $360,480.11. The median list price of a home is 349,950, and the total count of properties in the city is 17,226.
- Pre-ForeclosurePre-foreclosure homes account for 0.12% of all residential properties in Mount Prospect, IL with 60056 containing 21 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Mount Prospect, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $481,250 in 60056 to the lowest home value of $195,191 in 60056.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mount Prospect, IL ranges from the highest value of $399,000 in 60056 to the lowest value of $302,218 in 60056. Bank owned homes and properties account for 0.01% of properties in Mount Prospect, IL. There is 1 zips within Mount Prospect, IL; 60056 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60056 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Mount Prospect, IL. Auction homes and other auction properties account for 0.02% of all properties in Mount Prospect, IL. There is 1 zips within Mount Prospect, IL; of that zips, the median estimated home value for homes going to auction ranges from $385,372 in 60056 to the lowest value of $328,420 in 60056.
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