Altos Market Data for Realtors

Prospect Heights, IL

Single-Family Homes

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Prospect Heights, IL

Tue Sep 21 2021
This week the median list price for Prospect Heights, IL is $649,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 27. 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.

Slight Seller's Advantage

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.

Prospect Heights, IL

Tue Sep 21 2021
This week the median list price for Prospect Heights, IL is $649,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 27. 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.

Slight Seller's Advantage

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 Prospect Heights market.
Median List Price $649,900
Median Price of New Listings $0
Per Square Foot $190
Average Days on Market 104
Median Days on Market 63
Price Decreased 63%
Price Increased 0%
Relisted 33%
Inventory 27
Median Rent $1,750
Market Action 37
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,062,000 5,410 0.5 - 1 acre 4 5 14 0 0 49
$679,000 3,760 0.5 - 1 acre 5 4 30 0 0 98
$550,000 3,100 0.5 - 1 acre 5 3 61 0 1 56
$429,000 2,221 0.5 - 1 acre 3 2 65 0 1 63