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 7.72 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 41 days. It took on average 28 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from May 1, 2019 through May 31, 2019 was 90 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 $177/Sq.Ft, which is 6% a decline from last month.


In Mount Prospect there were 18 units sold in May in the price range between $81,000 – $202,506 with an average of 2.3 bedrooms and 1.6 bathrooms and average Square footage of 1,184SF.

In Mount Prospect there were 64 units sold in May in the price range between $202,507 – $524,505 with an average of 3.2 bedrooms and 1.9 bathrooms and average Square footage of 1,789SF.

In Mount Prospect there were 8 units sold in May in the price range between $524,506 – $725,000 with an average of 4.4 bedrooms and 2.7 bathrooms and average Square footage of 3,279SF.

The low price range had the most activity. Homes up to $202,506 were on the market on average 39 days and sold an average of $156,497.

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
Apr 1, 2019 – Apr 30, 2019
May 1, 2019 – May 31, 2019
Month
April
May
Average Listing Price
$342,001
$337,651
Median Sales Price
$344,379
$324,011
Month supply of inventory
7.2
7.7
Market Time Detached
40 days
41 days
Market Time Attached
27 days
28 days
Inventory
431 properties
462 properties
Low price range
$76,000 – $210,190
$81,000 – $202,506
Low price range market time
27 days
39 days
Low price range units sold
0
18
Low price range bedrooms
2
2.3
Low price range bathrooms
1.4
1.6
Low price range approx sqft
1,416 SF
1,184 SF
Mid price range
$210,191 – $522,189
$202,507 – $524,505
Mid price range market time
28 days
33 days
Mid price range units sold
31
64
Mid price range bedrooms
3.4
3.2
Mid price range bathrooms
2
1.9
Mid price range approx sqft
1,884 SF
1,789 SF
High price range
$522,190 – $700,000
$524,506 – $725,000
High price range market time
150 days
67 days
High price range units sold
3
8
High price range bedrooms
4
4.4
High price range bathrooms
3.1
2.7
High price range approxsqft
3,870 SF
3,279 SF