Altos Market Data for Realtors

Mount Prospect, IL

Single-Family Homes

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Mount Prospect, IL

Thu Jul 03 2025
This week the median list price for Mount Prospect, IL is $588,750 with the market action index hovering around 68. This is an increase over last month's market action index of 64. Inventory has held steady at or around 28. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Mount Prospect, IL

Thu Jul 03 2025
This week the median list price for Mount Prospect, IL is $588,750 with the market action index hovering around 68. This is an increase over last month's market action index of 64. Inventory has held steady at or around 28. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Mount Prospect market.
Median List Price $588,750
Median Price of New Listings $547,500
Per Square Foot $253
Average Days on Market 47
Median Days on Market 14
Price Decreased 18%
Price Increased 4%
Relisted 29%
Inventory 28
Median Rent
Market Action 68
Strong Seller's Market

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be 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
$899,000 2,900 0.25 - 0.5 acre 5 3 59 2 3 7
$599,000 2,460 - 4 2.5 61 1 1 126
$547,500 2,020 - 4 2.5 60 4 1 0
$459,000 1,600 8,000 - 10,000 sqft 3 2 62 2 5 7