Prospect Heights, IL Home Values & Market Trends
Real estate market trends reflect that there have been 226 transactions over the past year in Prospect Heights. The median value for residential home transactions that occurred over the previous year is $301,817.26. The number of current listings in Prospect Heights is 5, and the percentage of properties for sale in the city is 5.00%. Prospect Heights, IL currently has 13 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 5 properties for sale.
Prospect Heights, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60070 | $ 356,549 $ 148/sqft |
Housing Market Summary for Prospect Heights, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $295K | $267.9K | -9.19% |
| Median Sold Price | $296.3K | $267.9K | -9.57% |
| Homes For Sale | 3 | 4 | 33.33% |
| Homes Sold | 161 | 155 | -3.73% |
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 Prospect Heights, IL
Browse Homes in Prospect Heights, IL
Prospect Heights home values range from $70,610 to $1,788,746. The median estimated value of a home in Prospect Heights is $301,817.26. The median list price of a home is 487,000, and the total count of properties in the city is 5,361.
- Pre-ForeclosurePre-foreclosure homes account for 0.21% of all residential properties in Prospect Heights, IL with 60070 containing 12 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Prospect Heights, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $414,056 in 60070 to the lowest home value of $123,113 in 60070.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Prospect Heights, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Prospect Heights, IL. There is 1 zips within Prospect Heights, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60070 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Prospect Heights, IL. Auction homes and other auction properties account for 0.04% of all properties in Prospect Heights, IL. There is 1 zips within Prospect Heights, IL; of that zips, the median estimated home value for homes going to auction ranges from $248,064 in 60070 to the lowest value of $194,139 in 60070.
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