Mount Prospect, IL Real Estate & Property Data

Mount Prospect Real Estate Market Trends
Last Updated: April 27, 2024

Accurate and comprehensive real estate data is critical for insight into Mount Prospect, IL. ATTOM’s Mount Prospect real estate data is updated daily, and current market trends show that in Mount Prospect, IL a total of 665 residential properties have sold over the past year. With a median home price of $403,000 in Mount Prospect and a total of 1 foreclosures. Get detailed property data for Mount Prospect, IL instantly. ATTOM is your one-stop-shop for the Mount Prospect property reports and real estate data you need in Mount Prospect, IL.

Mount Prospect Real Estate Market Trends
Total Residential Properties 17,450
Total Commercial Properties 527
Avg. Home Age (Single Family Home) 62 Years
Avg. Square Feet (Single Family Home) 1,713
Total 2024 Residential Sales (year-to-date) 70
% of Homes Seriously Underwater (Q2 2024) 0.98%
Total 2023 Residential Sales 634
% of Equity Rich Homes (Q2 2024) 38.99%
Effective 2023 Property Tax 1.99%
Total Foreclosure Filings (year-to-date) 2
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Mount Prospect, IL Real Estate Overview

There were 665 residential properties sold in the past year in Mount Prospect, IL. The median home value in Mount Prospect, IL is $360,733. There are a total of 17,450 residential properties in the Mount Prospect.

Median Sales Price i
$403,000
(Feb 2024)
-8.4%
year-over-year
y-o-y
  • February '24 Feb '24 $403,000
  • January '24 Jan '24 $451,000
  • December '23 Dec '23 $400,000
  • November '23 Nov '23 $457,000
  • October '23 Oct '23 $415,500
  • September '23 Sep '23 $425,000
  • August '23 Aug '23 $432,500
  • July '23 Jul '23 $430,000
  • June '23 Jun '23 $472,000
  • May '23 May '23 $435,000
  • April '23 Apr '23 $415,000
  • March '23 Mar '23 $425,000
Median Down Payment i
$85,500
(Feb 2024)
+14.8%
year-over-year
y-o-y
  • February '24 Feb '24 $85,500
  • January '24 Jan '24 $95,500
  • December '23 Dec '23 $72,400
  • November '23 Nov '23 $100,000
  • October '23 Oct '23 $83,100
  • September '23 Sep '23 $69,250
  • August '23 Aug '23 $63,625
  • July '23 Jul '23 $76,500
  • June '23 Jun '23 $90,000
  • May '23 May '23 $87,250
  • April '23 Apr '23 $63,000
  • March '23 Mar '23 $55,750
Number of Homes Sold i
31
(Feb 2024)
+34.8%
year-over-year
y-o-y
  • February '24 Feb '24 31
  • January '24 Jan '24 39
  • December '23 Dec '23 58
  • November '23 Nov '23 43
  • October '23 Oct '23 40
  • September '23 Sep '23 64
  • August '23 Aug '23 63
  • July '23 Jul '23 64
  • June '23 Jun '23 69
  • May '23 May '23 74
  • April '23 Apr '23 53
  • March '23 Mar '23 44
Number of Purchase Loans i
19
(Feb 2024)
+26.7%
year-over-year
y-o-y
  • February '24 Feb '24 19
  • January '24 Jan '24 36
  • December '23 Dec '23 42
  • November '23 Nov '23 31
  • October '23 Oct '23 27
  • September '23 Sep '23 43
  • August '23 Aug '23 53
  • July '23 Jul '23 47
  • June '23 Jun '23 57
  • May '23 May '23 49
  • April '23 Apr '23 40
  • March '23 Mar '23 34
Number of REFI Loans i
11
(Feb 2024)
+37.5%
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 14
  • December '23 Dec '23 14
  • November '23 Nov '23 12
  • October '23 Oct '23 17
  • September '23 Sep '23 8
  • August '23 Aug '23 12
  • July '23 Jul '23 13
  • June '23 Jun '23 17
  • May '23 May '23 19
  • April '23 Apr '23 19
  • March '23 Mar '23 9
Number of HELOC Loans i
9
(Feb 2024)
+12.5%
year-over-year
y-o-y
  • February '24 Feb '24 9
  • January '24 Jan '24 15
  • December '23 Dec '23 13
  • November '23 Nov '23 10
  • October '23 Oct '23 9
  • September '23 Sep '23 12
  • August '23 Aug '23 13
  • July '23 Jul '23 15
  • June '23 Jun '23 17
  • May '23 May '23 25
  • April '23 Apr '23 12
  • March '23 Mar '23 16

Mount Prospect, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value

Mount Prospect, IL Foreclosure Activity

There were a total of 1 Mount Prospect, IL properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 1 Mount Prospect, IL properties and repossessed 1 Mount Prospect, IL properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
1
(Feb 2024)
-66.7%
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 1
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 5
  • September '23 Sep '23 N/A
  • August '23 Aug '23 4
  • July '23 Jul '23 2
  • June '23 Jun '23 10
  • May '23 May '23 7
  • April '23 Apr '23 4
  • March '23 Mar '23 5
Foreclosure Starts i
1
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 2
  • June '23 Jun '23 5
  • May '23 May '23 5
  • April '23 Apr '23 4
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
1
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 1
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 2
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 N/A
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