Altos Market Data for Realtors

Mount Prospect, IL

Single-Family Homes

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Mount Prospect, IL

Tue May 30 2023
This week the median list price for Mount Prospect, IL is $496,800 with the market action index hovering around 84. This is an increase over last month's market action index of 75. 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

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

Tue May 30 2023
This week the median list price for Mount Prospect, IL is $496,800 with the market action index hovering around 84. This is an increase over last month's market action index of 75. 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

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 $496,800
Median Price of New Listings $502,450
Per Square Foot $208
Average Days on Market 34
Median Days on Market 21
Price Decreased 62%
Price Increased 0%
Relisted 31%
Inventory 13
Median Rent
Market Action 84
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$590,000 2,711 8,000 - 10,000 sqft 4 2.5 51 1 0 7
$500,000 2,500 0.25 - 0.5 acre 4 2.5 60 1 1 56
$479,900 2,285 8,000 - 10,000 sqft 4 2.5 63 1 1 7
$372,000 1,789 8,000 - 10,000 sqft 3 2.3 59 1 2 24