Altos Market Data for Realtors

Mount Prospect, IL

Single-Family Homes

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Mount Prospect, IL

Fri Mar 29 2024
This week the median list price for Mount Prospect, IL is $525,000 with the market action index hovering around 74. This is an increase over last month's market action index of 69. Inventory has decreased to 13. Click here to stay informed with the Mount Prospect market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Mount Prospect, IL

Fri Mar 29 2024
This week the median list price for Mount Prospect, IL is $525,000 with the market action index hovering around 74. This is an increase over last month's market action index of 69. Inventory has decreased to 13. Click here to stay informed with the Mount Prospect market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Mount Prospect market.
Median List Price $525,000
Median Price of New Listings $525,000
Per Square Foot $242
Average Days on Market 30
Median Days on Market 7
Price Decreased 23%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent
Market Action 74
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$685,000 3,016 8,000 - 10,000 sqft 4 3.5 47 1 0 14
$590,000 2,475 0.25 - 0.5 acre 4 2.5 58 2 2 0
$462,000 1,473 0.25 - 0.5 acre 3 2 61 1 1 21
$419,500 1,849 6,500 - 8,000 sqft 3 2.5 68 3 2 3