The Mount Prospect housing market is somewhat competitive. Homes in Mount Prospect receive 5 offers on average and sell in around 44 days. The median sale price of a home in Mount Prospect was $382K last month, up 21.3% since last year. The median sale price per square foot in Mount Prospect is $225, up 17.8% since last year.
What is the housing market like in Mount Prospect today?
In March 2024, Mount Prospect home prices were up 21.3% compared to last year, selling for a median price of $382K. On average, homes in Mount Prospect sell after 44 days on the market compared to 42 days last year. There were 45 homes sold in March this year, up from 40 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$382,000
+21.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Mount Prospect, IL
$382,000
+21.3%
United States
To compare other locations to the Mount Prospect and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Mount Prospect add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Mount Prospect housing market?
Mount Prospect is somewhat competitive. Homes sell in 46 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 46 days.
Hot homes
can sell for about 4% above list price and go pending in around 33 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Mount Prospect
Explore recent offers and recently sold homes in Mount Prospect
Recent offers
Offer Not Accepted|
7 Weeks Ago
~$475K Offer
Sold for $500K
3bd | 2ba | ~1,500sqft
Over List Price
5%
Days on Market
34
Competing Offers
9
Down Payment
—
Anita Willms
Mount Prospect Redfin Agent
Offer Not Accepted|
8 Weeks Ago
~$375K Offer
Sold for $400K
4bd | 2ba | ~1,250sqft
Over List Price
1%
Days on Market
47
Competing Offers
8
Offer
All Cash
Adam Zenullahi
Mount Prospect Redfin Agent
Offer Not Accepted|
10 Weeks Ago
~$400K Offer
Sold for $425K
3bd | 1.5ba | —sqft
Over List Price
0%
Days on Market
48
Competing Offers
2
Down Payment
~20%
Dave Moreno
Mount Prospect Redfin Agent
Offer Not Accepted|
11 Weeks Ago
~$650K Offer
Sold for $650K
8bd | 4ba | —sqft
Over List Price
3%
Days on Market
22
Competing Offers
3
Down Payment
~20%
Tiffeny Meyers
Mount Prospect Redfin Agent
Offer Not Accepted|
12 Weeks Ago
~$600K Offer
Sold for $650K
8bd | 4ba | —sqft
Under List Price
4%
Days on Market
22
Competing Offers
14
Down Payment
~10%
Sean Hayden
Mount Prospect Redfin Agent
View houses in Mount Prospect that sold recently
Recently sold homes
SOLD APR 24, 2024
$188,500 Last Sold Price
2 beds
1 bath
—sq ft
832 E Old Willow Rd #203, Prospect Heights, IL 60070
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Forest Elementary School
Public • PreK-5
622
Students
4 reviews
8/10
Forest View Elementary School
Public • K-5
396
Students
11 reviews
8/10
Indian Grove Elementary School
Public • K-5
534
Students
6 reviews
7/10
Devonshire School
Public • K-5
412
Students
8 reviews
7/10
Cumberland Elementary School
Public • K-5
294
Students
7 reviews
Only showing 5 of
16 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Mount Prospect housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Mount Prospect.
Risk Factor
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Mount Prospect has a moderate risk of flooding. 1,172 properties in Mount Prospect are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Mount Prospect. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Mount Prospect has a minor risk of wildfire. There are 12 properties in Mount Prospect that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Mount Prospect.
Mount Prospect has minimal risk of severe winds over the next 30 years
Wind Factor
Mount Prospect has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.