Mount Prospect, IL Home Values & Market Trends
Real estate market trends reflect that there have been 741 transactions over the past year in Mount Prospect. The median value for residential home transactions that occurred over the previous year is $508,948. The number of current listings in Mount Prospect is 401, and the percentage of properties for sale in the city is 401.00%. Mount Prospect, IL currently has 49 properties in foreclosure, 6 bank owned properties, 5 properties headed for auction, and 401 properties for sale.
Mount Prospect, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60056 | $ 508,948 $ 305/sqft |
Housing Market Summary for Mount Prospect, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $429K | $450K | 4.90% |
| Median Sold Price | $448.5K | $426.9K | -4.82% |
| Homes For Sale | 288 | 401 | 39.24% |
| Homes Sold | 438 | 427 | -2.51% |
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 $110,094 to $1,514,905. The median estimated value of a home in Mount Prospect is $508,948. The median list price of a home is 450,000, and the total count of properties in the city is 921.
- Pre-ForeclosurePre-foreclosure homes account for 4.13% of all residential properties in Mount Prospect, IL with 60056 containing 38 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 $861,921 in 60056 to the lowest home value of $120,440 in 60056.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Mount Prospect, IL ranges from the highest value of $698,946 in 60056 to the lowest value of $254,145 in 60056. Bank owned homes and properties account for 0.65% of properties in Mount Prospect, IL. There is 1 zips within Mount Prospect, IL; 60056 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60056 has 5 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 0.54% 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 $412,225 in 60056 to the lowest value of $191,998 in 60056.
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Guide for Mount Prospect, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
