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 7.79 months supply of inventory on the market in Mount Prospect on December 31, 1969.
Now is the Time to Buy! The average market time for a Single Family Homes to sell in Mount Prospect last month was 39 days. It took on average 52 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from August 1, 2019 through August 31, 2019 was 69 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 $169/Sq.Ft, which is 4% an increase from last month.


In Mount Prospect there were 12 units sold in August in the price range between $81,500 – $191,880 with an average of 2.1 bedrooms and 1.8 bathrooms and average Square footage of 1,203SF.

In Mount Prospect there were 47 units sold in August in the price range between $191,881 – $472,129 with an average of 3.2 bedrooms and 1.9 bathrooms and average Square footage of 1,586SF.

In Mount Prospect there were 10 units sold in August in the price range between $472,130 – $642,000 with an average of 4 bedrooms and 2.8 bathrooms and average Square footage of 2,824SF.

The low price range had the most activity. Homes up to $191,880 were on the market on average 54 days and sold an average of $132,450.

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
Jul 1, 2019 – Jul 31, 2019
Aug 1, 2019 – Aug 31, 2019
Month
July
August
Average Listing Price
$336,714
$331,701
Median Sales Price
$291,230
$302,260
Month supply of inventory
8.3
7.8
Market Time Detached
25 days
39 days
Market Time Attached
29 days
52 days
Inventory
491 properties
466 properties
Low price range
$92,500 – $191,865
$81,500 – $191,880
Low price range market time
20 days
54 days
Low price range units sold
0
12
Low price range bedrooms
2
2.1
Low price range bathrooms
1.4
1.8
Low price range approx sqft
1,043 SF
1,203 SF
Mid price range
$191,866 – $520,614
$191,881 – $472,129
Mid price range market time
29 days
43 days
Mid price range units sold
43
47
Mid price range bedrooms
3.3
3.2
Mid price range bathrooms
1.9
1.9
Mid price range approx sqft
1,755 SF
1,586 SF
High price range
$520,615 – $750,000
$472,130 – $642,000
High price range market time
25 days
31 days
High price range units sold
4
10
High price range bedrooms
4.5
4
High price range bathrooms
3.6
2.8
High price range approxsqft
3,333 SF
2,824 SF