New Listing
21
$210,000
834 E Old Willow Rd Apt 209
Prospect Heights, IL 60070
2 bd2 ba1,200 sqft$175/ft²
Condo
David Pickard · RE/MAX Suburban
View photos & details
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Sarah Mitchell
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Compass Real Estate · Prospect Heights, IL
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Prospect Heights, IL(512) 555-0184TX License #0512847
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Prospect Heights, IL Housing Market & Real Estate
Seller's market+85.5% YoY
Housing market overview · Updated monthly ·
$385,000median sale price
How is the Prospect Heights, IL housing market right now?
The median home sale price in Prospect Heights, IL is $385,000, up 85.5% year-over-year. Homes sell in an average of 49 days with 40 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Prospect Heights a buyer's or seller's market?
Seller's market2.1 months of supply49 avg. days on market
Prospect Heights, IL is currently a seller's market, based on 2.1 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
49
Average pace
Active listings
40
2.1 months supply
Sale-to-list
100.4%
Above asking
What does the Prospect Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Median list price | $459,000 |
| Year-over-year price change | +85.5% |
| Average days on market | 49 days |
| Active inventory | 40 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 17 |
| Listings with a price cut | 10.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Prospect Heights by property type?
How the Prospect Heights, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $507,000 | $274/sq ft | 9 | 41 days |
| Condo / Co-op | $205,000 | $190/sq ft | 9 | 57 days |
| Townhouse | $629,000 | $301/sq ft | 1 | 34 days |
Source: Redfin · Updated monthly
The Prospect Heights housing market is currently classified as a seller's market with a median sale price of $385,000. Prices have risen 85.5% compared to last year, with homes spending an average of 49 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Prospect Heights
There are currently 40 homes listed for sale in Prospect Heights, Illinois. The median listing price is $459K. Featured listings range from $210,000 to $550,000.
New Listing
21
$229,000
16 E Old Willow Rd Apt 405S
Prospect Heights, IL 60070
2 bd2 ba
Condo
Regina Zak Tomas · Chicagoland Brokers, Inc.
View photos & details
New Listing
21
$239,500
831 McIntosh Ct Apt 208
Prospect Heights, IL 60070
2 bd2 ba
Condo
Maria Montesinos · Century 21 Langos & Christian
View photos & details
New Listing
19
$239,900
726 E Old Willow Rd Unit 104C
Prospect Heights, IL 60070
2 bd1 ba900 sqft$267/ft²
Condo
Aleksandr Katsman · Barr Agency, Inc
View photos & details
New Listing
34
$259,900
18 E Old Willow Rd Apt 205N
Prospect Heights, IL 60070
2 bd2 ba1,200 sqft$217/ft²
Condo
Tomasz Dubowski · Family First Realty
View photos & details
New Listing
11
$265,000
870 Winesap Ct Apt 301
Prospect Heights, IL 60070
3 bd2 ba1,250 sqft$212/ft²
Condo
Dmytro Bezrukavyi · KOMAR
View photos & details
New Listing
29
$294,900
18 E Old Willow Rd Apt 522N
Prospect Heights, IL 60070
3 bd2 ba1,500 sqft$197/ft²
Condo
Becky Lippstreuer · Berkshire Hathaway HomeServices Starck Real Estate
View photos & details
New Listing
25
$329,000
513 Green Bridge Ln Apt B
Prospect Heights, IL 60070
3 bd2 ba1,584 sqft$208/ft²
Condo
Donna Broccolino · Compass
View photos & details
New Listing
28
$375,000
649 Mulberry Dr Unit 649
Prospect Heights, IL 60070
2 bd2 ba1,500 sqft$250/ft²
Condo
Tyler Lewke · Keller Williams Success Realty
View photos & details
New Listing
31
$380,000
304 E Camp McDonald Rd
Prospect Heights, IL 60070
3 bd2 ba1,368 sqft$278/ft²
House
Dawn Simmons · RE/MAX Suburban
View photos & details
New Listing
16
$384,900
584 Edinburgh Ln Apt A
Prospect Heights, IL 60070
2 bd2 ba1,425 sqft$270/ft²
Condo
Patricia Lennon · @properties Christies International Real Estate
View photos & details
New Listing
25
$550,000
214 N Elmhurst Rd
Prospect Heights, IL 60070
4 bd3 ba3,258 sqft$169/ft²
House27,312 sqft lot
Kelly Baysinger · Compass
View photos & details
Looking to buy in Prospect Heights?
Get connected with a local real estate expert — free, no obligation.
Active listings
40
Homes on market
Median list price
$459K
Avg. days on market
49
Days until sale
New this week
17
Newly listed
Price drops:10.0%of listings
Sale-to-list:100.4%
Who lives in Prospect Heights?
Population
15,681
Median income
$91,599/yr
Median age
41 years
Owner-occupied
63.5%
College grads
36.3%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Prospect Heights?
Zillow home value
$374,568
Zillow rent index
$1,753/mo
Price-to-rent ratio
17.8x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Prospect Heights?
Prospect Heights is a community of approximately 16K residents with a median age of 41 years.The median household income is $91,599, which reflects a relatively affluent area with strong earning potential. 36.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Prospect Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Prospect Heights?
5 schools tracked · 1,474 students
The largest public schools serving Prospect Heights, 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.
MacArthur Middle School
Grades 6-8 · 465 students
Dwight D Eisenhower Elem School
Grades PK-1 · 358 students
Anne Sullivan Elem School
Grades 4-5 · 327 students
Betsy Ross Elem School
Grades 2-3 · 324 students
MacArthur MS-D/HH MS Program
Grade range n/a
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Prospect Heights, IL?
Want a head-to-head view? Compare Prospect Heights side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Prospect Heights?
Is Prospect Heights a good real estate investment market?
For investors evaluating Prospect Heights, the price-to-rent ratio of 17.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 85.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Prospect Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Prospect Heights's median home price.
Frequently asked questions
What is the average home price in Prospect Heights?
The median home sale price in Prospect Heights is $385,000, up 85.5% from last year.
How long do homes stay on market in Prospect Heights?
Homes typically spend 49 days on market before going under contract.
What is the median income in Prospect Heights?
The median household income is $91,599 per year.
Is Prospect Heights a buyer's or seller's market?
With 2.1 months of supply, Prospect Heights is currently a seller's market.
How many homes are for sale in Prospect Heights?
There are currently 40 homes listed for sale in Prospect Heights, IL.
What is the Zillow home value estimate for Prospect Heights?
The Zillow Home Value Index (ZHVI) for Prospect Heights is $374,568, representing the typical home value in the area.
What is the median condo price in Prospect Heights?
The median condo/co-op sale price in Prospect Heights, IL is $205,000, compared to $507,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Prospect Heights?
The median single-family home price in Prospect Heights, IL is $507,000 (about $274 per square foot).
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