Mount Prospect, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Mount Prospect, IL is $378,500, down 8.8% year-over-year. Homes sell in an average of 42 days with 68 active listings. The market is currently a seller's market.
$378,500median sale price
Is Mount Prospect a buyer's or seller's market?
Mount Prospect, IL is currently a seller's market, based on 2.4 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
42
Average pace
Active listings
68
2.4 months supply
Sale-to-list
98.8%
Below asking
Mount Prospect, IL market data
| Metric | Value |
|---|---|
| Median sale price | $378,500 |
| Median list price | $439,000 |
| Year-over-year price change | -8.8% |
| Average days on market | 42 days |
| Active inventory | 68 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.8% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Mount Prospect housing market is currently classified as a seller's market with a median sale price of $378,500. Prices have fallen 8.8% compared to last year, with homes spending an average of 42 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Mount Prospect
There are currently 68 homes listed for sale in Mount Prospect, Illinois. The median listing price is $439K.
Active listings
68
Homes on market
Median list price
$439K
Avg. days on market
42
Days until sale
New this week
41
Newly listed
Top public schools in Mount Prospect
9 schools tracked · 4,136 students
The largest public schools serving Mount Prospect, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lincoln Middle School
Grades 6-8 · 762 students
Robert Frost Elem School
Grades PK-5 · 572 students
River Trails Middle School
Grades 6-8 · 500 students
Indian Grove Elem School
Grades 1-5 · 456 students
Holmes Jr High School
Grades 6-8 · 453 students
Euclid Elem School
Grades PK-5 · 366 students
John Jay Elem School
Grades K-5 · 364 students
Robert Frost Elem School
Grades K-5 · 338 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Mount Prospect?
The median home sale price in Mount Prospect is $378,500, down 8.8% from last year.
How long do homes stay on market in Mount Prospect?
Homes typically spend 42 days on market before going under contract.
Is Mount Prospect a buyer's or seller's market?
With 2.4 months of supply, Mount Prospect is currently a seller's market.
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