Mount Prospect, IL
Housing market overview · Updated weekly
$378,500median sale price
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
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
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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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