Altos Market Data for Realtors

Mount Prospect, IL 60056

Single-Family Homes

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Mount Prospect, IL 60056

Sun Dec 07 2025
This week the median list price for Mount Prospect, IL 60056 is $527,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 38. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mount Prospect, IL 60056

Sun Dec 07 2025
This week the median list price for Mount Prospect, IL 60056 is $527,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 38. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mount Prospect market.
Median List Price $527,000
Median Price of New Listings $502,000
Per Square Foot $263
Average Days on Market 60
Median Days on Market 35
Price Decreased 29%
Price Increased 0%
Relisted 37%
Inventory 38
Median Rent
Market Action 45
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$824,450 2,925 8,000 - 10,000 sqft 4 3 59 2 0 80
$569,000 2,100 6,500 - 8,000 sqft 4 2.5 58 1 0 49
$489,950 1,626 - 3 2 68 1 2 45
$406,000 1,358 6,500 - 8,000 sqft 3 1.5 64 2 2 14