Real Estate In Mount Prospect is a balanced market favoring buyers. There is significant amount of homes for sale in Mount Prospect, and buyers are not in a rush to buy yet. There is a 6.84 months supply of inventory on the market in Mount Prospect on August 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 23 days.
It took on average 31 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from July 1, 2018 through July 31, 2018 was 76 units. That is 1% above the number of homes sold last month in Mount Prospect.

The average price per square foot in the area is now $155/Sq.Ft, which is 4% a decline from last month.



In Mount Prospect there were 15 units sold in July in the price range between $101,000 – $194,761 with an average of 1.8 bedrooms and 1.5 bathrooms and average Square footage of 1,081SF.

In Mount Prospect there were 55 units sold in July in the price range between $194,762 – $414,260 with an average of 3.2 bedrooms and 1.9 bathrooms and average Square footage of 1,568SF.

In Mount Prospect there were 6 units sold in July in the price range between $414,261 – $540,000 with an average of 4 bedrooms and 2.4 bathrooms and average Square footage of 2,510SF.

The low price range had the most activity. Homes up to $194,761 were on the market on average 31 days and sold an average of $144,433.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mount Prospect. Search all Mount Prospect homes for Sale on propertyup.com If you are considering viewing Mount Prospect, you may want to do so now!

Mount Prospect
Jun 1, 2018 – Jun 30, 2018
Jul 1, 2018 – Jul 31, 2018
Month
June
July
Average Listing Price
$349,341
$352,473
Median Sales Price
$297,787
$288,521
Month supply of inventory
6.6
6.8
Market Time Detached
29 days
23 days
Market Time Attached
24 days
31 days
Inventory
405 properties
426 properties
Low price range
$72,950 – $185,369
$101,000 – $194,761
Low price range market time
24 days
31 days
Low price range units sold
0
15
Low price range bedrooms
1.9
1.8
Low price range bathrooms
1.5
1.5
Low price range approx sqft
1,106 SF
1,081 SF
Mid price range
$185,370 – $498,892
$194,762 – $414,260
Mid price range market time
29 days
26 days
Mid price range units sold
59
55
Mid price range bedrooms
3.2
3.2
Mid price range bathrooms
1.9
1.9
Mid price range approx sqft
1,721 SF
1,568 SF
High price range
$498,893 – $699,999
$414,261 – $540,000
High price range market time
33 days
8 days
High price range units sold
3
6
High price range bedrooms
4.7
4
High price range bathrooms
3.1
2.4
High price range approxsqft
3,348 SF
2,510 SF