Altos Market Data for Realtors

Prospect Heights, IL

Single-Family Homes

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Prospect Heights, IL

Tue May 30 2023
This week the median list price for Prospect Heights, IL is $562,450 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has decreased to 8. Click here to stay informed with the Prospect Heights market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Prospect Heights, IL

Tue May 30 2023
This week the median list price for Prospect Heights, IL is $562,450 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has decreased to 8. Click here to stay informed with the Prospect Heights market!

Market Action Index

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

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Prospect Heights market.
Median List Price $562,450
Median Price of New Listings $589,900
Per Square Foot $234
Average Days on Market 89
Median Days on Market 53
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 56
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$1,324,999 4,225 0.5 - 1 acre 4 3.5 34 0 0 42
$694,900 3,802 0.5 - 1 acre 4 3.3 47 2 0 28
$457,500 1,850 0.25 - 0.5 acre 3 2.3 71 1 1 91
$317,450 1,413 0.5 - 1 acre 2 1.8 69 0 0 196