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Mount Prospect Real Estate Market Update August 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

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!

 

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

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Comments (1)

Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

Local home buyers and sellers in your area will appreciate your updated real estate sales info. 

Aug 27, 2018 06:14 AM