Altos Market Data for Realtors
Mount Prospect, IL 60056
Single-Family Homes
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Mount Prospect, IL 60056
Wed Aug 13 2025
This week the median list price for Mount Prospect, IL 60056 is $565,011 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has increased to 34.
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 started cooling and prices have recently plateaued. Since 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
| Median List Price | $565,011 | |
| Median Price of New Listings | $519,000 | |
| Per Square Foot | $277 | |
| Average Days on Market | 45 | |
| Median Days on Market | 25 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 29% | |
| Inventory | 34 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $889,000 | 2,580 | 0.25 - 0.5 acre | 4 | 2.5 | 48 | 0 | 1 | 21 |
| $598,950 | 2,415 | - | 4 | 2.5 | 60 | 1 | 0 | 77 |
| $520,000 | 1,801 | 8,000 - 10,000 sqft | 4 | 2.5 | 60 | 2 | 0 | 42 |
| $437,000 | 1,373 | - | 3 | 2 | 63 | 3 | 3 | 10 |