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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Prospect Heights, IL Housing Market
Seller's market-1.9% YoY
Zillow, July 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, August 2026 · Refreshes weekly
The typical home in Prospect Heights, IL is worth $345,537, fell 1.9% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $385,000, +85.5% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 49 days, Prospect Heights is a seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $345,537 home is about $1,776/mo in principal and interest.
Key numbers for Prospect Heights, IL
Typical home value
$345,537
-1.9% in 12 months
Zillow, July 2026
Typical asking rent
$1,727/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$385,000
+85.5% year over year
Redfin, through May 2026
Days on market
49
Average pace
Redfin, through May 2026
Active listings
40
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$91,599
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.4%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Prospect Heights a buyer's or seller's market?
Seller's market2.1 months of supply49 days on market100.4% of asking
Prospect Heights, IL is a seller's market, based on 2.1 months of supply and homes selling in about 49 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Prospect Heights housing market data show?
Every row below is Redfin's final published month for Prospect Heights, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $385,000 |
| Median list price | $459,000 |
| Year-over-year price change | +85.5% |
| Median price per sq ft | $256/sq ft |
| Median days on market | 49 days |
| Active inventory | 40 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.4% |
| Homes sold (that month) | 19 |
| New listings (that month) | 17 |
| Listings with a price cut | 10.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Prospect Heights is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Prospect Heights is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Prospect Heights home prices moved?
Over the last three years the median sale price in Prospect Heights, IL fell 3.7%, from $399,900 to $385,000. The live Zillow value series has fell 1.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 10.0% of Prospect Heights listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 100.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Prospect Heights?
Priced off the typical home value of $345,537 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $69,107 | $276,429 | $1,776/mo |
| 5% | $17,277 | $328,260 | $2,109/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,776, that implies roughly $76,132 a year before you add taxes and insurance. The median household in Prospect Heights earns $91,599, about $15,467 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Prospect Heights in the next 12 months?
Tell us your timeline. We send the Prospect Heights market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Prospect Heights?
Typical asking rent in Prospect Heights, IL is $1,727/mo, against a typical home value of $345,537. That is a price-to-rent ratio of 16.7x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,776 a month — $49 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Prospect Heights?
Active listings in Prospect Heights, IL went from 45 in May 2025 to 40 in May 2026, a -11.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 40 | 19 |
| July 2025 | 43 | 28 |
| August 2025 | 47 | 18 |
| September 2025 | 41 | 21 |
| October 2025 | 46 | 23 |
| November 2025 | 49 | 16 |
| December 2025 | 36 | 7 |
| January 2026 | 38 | 12 |
| February 2026 | 34 | 18 |
| March 2026 | 43 | 23 |
| April 2026 | 47 | 29 |
| May 2026 | 40 | 17 |
Redfin, through May 2026
How does Prospect Heights compare to Illinois and the U.S.?
Prospect Heights homes sell for $385,000 — 14% above the Illinois median of $337,900. Against the national median of $410,700, Prospect Heights runs 6% lower. Year-over-year, Prospect Heights moved +85.5% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Prospect Heights, IL | $385,000 | +85.5% | 49 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Prospect Heights
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 10.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $333 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $345,537 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Prospect Heights listing goes under contract in 49 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.4% of asking. Price at the number you want and let competition do the rest.
- In the last published month Prospect Heights added 17 new listings against 19 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -1.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Prospect Heights varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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%
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. Redfin, through May 2026
| 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 |
Who lives in Prospect Heights?
American Community Survey estimates for Prospect Heights. U.S. Census ACS, 2023
Population
15,681
Households
6,249
Median income
$91,599/yr
Median age
41 years
Owner-occupied
63.5%
Median home value
$347,500
Median gross rent
$1,391/mo
Mean commute
26.4 min
63.5% of occupied homes in Prospect Heights are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $347,500 against Zillow's $345,537 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,391/mo, below Zillow's $1,727/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Prospect Heights, not by size. Compare Prospect Heights side by side with any of them.
Which ZIP codes are in Prospect Heights?
These are the ZIP codes we see on active Prospect Heights listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Prospect Heights housing market FAQ
Is Prospect Heights a buyer's or seller's market?
Prospect Heights, IL is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 49 days, and sellers getting 100.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Prospect Heights?
The typical home in Prospect Heights, IL is worth $345,537 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $385,000, about $256 per square foot.
Is Prospect Heights cheaper than the rest of Illinois?
Prospect Heights's median sale price of $385,000 is 14% higher than the Illinois statewide median of $337,900, and 6% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Prospect Heights?
Homes in Prospect Heights, IL spent a median of 49 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Prospect Heights?
At the current 30-year fixed rate of 6.66%, 20% down on a $345,537 home is about $1,776 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $76,132 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $91,599.
Are home prices rising in Prospect Heights?
The typical home value in Prospect Heights, IL fell 1.9% over the last 12 months, from $352,059 to $345,537 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Prospect Heights?
Prospect Heights ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Prospect Heights?
That depends on your timeline, not on a headline. What the data says today: Prospect Heights, IL is a seller's market with 2.1 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 16.7x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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