Mount Prospect, IL Housing Market Trends

Market Overview for Q3 2026

$438K 11.2% Y-o-Y $44K Y-o-Y
$328 9% Y-o-Y $27 Y-o-Y
145 -18.5% Y-o-Y -33 Y-o-Y
$370K 17% Y-o-Y $54K Y-o-Y
Mount Prospect, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $328,000 $350,000 $346,000 0
2023 $331,000 $399,000 $341,000 $362,000
2024 $342,000 $385,000 $405,000 $375,000
2025 $395,000 $433,000 $394,000 $426,000
2026 $410,000 $430,000 $438,000
Mount Prospect, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $242 $250 $240 0
2023 $241 $273 $262 $284
2024 $270 $288 $297 $280
2025 $302 $308 $301 $295
2026 $330 $312 $328
Real Estate Transactions in Mount Prospect, IL
Year Q1 Q2 Q3 Q4
2022 180 253 183 0
2023 85 193 162 126
2024 131 185 168 132
2025 124 183 178 116
2026 99 171 145
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000
Mount Prospect, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $328,000 $350,000 $346,000 0
2023 $331,000 $399,000 $341,000 $362,000
2024 $342,000 $385,000 $405,000 $375,000
2025 $395,000 $433,000 $394,000 $426,000
2026 $410,000 $430,000 $438,000
Mount Prospect, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $242 $250 $240 0
2023 $241 $273 $262 $284
2024 $270 $288 $297 $280
2025 $302 $308 $301 $295
2026 $330 $312 $328
Real Estate Transactions in Mount Prospect, IL
Year Q1 Q2 Q3 Q4
2022 180 253 183 0
2023 85 193 162 126
2024 131 185 168 132
2025 124 183 178 116
2026 99 171 145
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000

Housing Market Trends by Property Type

Property Type
Median Sale Price
Median Sale Price (Y-o-Y)
Median Sale Price/Sq. Ft.
Median Sale Price/Sq. Ft. (Y-o-Y)
No. of Transactions
Condos
$250K
-3.5%
-
-
47
Other Residential
$530K
7.3%
$338
10.1%
92

Mount Prospect, IL Housing Stock

Property Type
Units
Condo
4,135
Townhouse
860
Other
12,442

Cook County: Demographics

Total population
55,472
Median age
41.1
No high school education
4.8%
Some high school/college
25.7%
Bachelor's degree
30.2%
Average household income
$124,538
Occupied housing units
21,600
Owner-occupied units
68.7%
Renter-occupied units
31.3%
Median year structure built
1969

Discover Housing Market Trends in Other Cities

#
City
Median Sale Price
1
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$1.4M
2
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$983K
3
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$900K
4
Barrington
$780K
5
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$744K
6
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7
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$725K
8
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9
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$598K
10
LA Grange
$529K
12
Evanston
$480K
13
Morton Grove
$463K
14
Oak Park
$450K
15
Skokie
$430K
16
Riverside
$430K
17
Harwood Heights
$424K
18
Orland Park
$412K
19
Hoffman Estates
$405K
20
Niles
$400K
21
Rolling Meadows
$395K
23
Palatine
$386K
24
Palos Heights
$379K
25
Prospect Heights
$378K
26
Westchester
$375K
27
Brookfield
$364K
28
Chicago
$360K
29
Forest Park
$360K
30
Melrose Park
$350K
31
Elmwood Park
$350K
32
Streamwood
$348K
33
Des Plaines
$340K
34
Schaumburg
$336K
35
Berwyn
$335K
36
Elgin
$327K
37
Wheeling
$326K
38
Oak Forest
$317K
39
Oak Lawn
$310K
40
Burbank
$309K
41
Tinley Park
$305K
42
Cicero
$281K
43
Midlothian
$275K
44
Alsip
$269K
45
Palos Hills
$255K
46
Matteson
$250K
48
Homewood
$235K
49
South Holland
$223K
50
Chicago Heights
$208K
51
Lansing
$202K
52
Park Forest
$165K
53
Calumet City
$150K