Mount Prospect Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Mount Prospect home sales for the month of February rose in volume by 2.6% when compared to last year, while the median sale price rose by 7.2% from $278,000 to $298,000. The number of Single Family homes sales rose by 4.2%, while the median sale price rose by 25.9% from $301,750 to $380,000. Condo/townhome sales stayed the same, while the median sale price decreased by 28.8% from $208,000 to $148,000.

» View homes for sale in Mount Prospect   » View all recent sales in Mount Prospect

Median Sale Prices for Mount Prospect

285k
242k
257k
278k
274k
332k
312k
315k
300k
284k
269k
285k
270k
271k
265k
298k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Mount Prospect

35
45
30
39
48
47
99
90
69
75
76
52
57
42
43
40
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Real Estate Sales for February in Mount Prospect

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 39 40 +2.6% 72 83 +15.3%
(Single Family) 24 25 +4.2% 46 49 +6.5%
(Condos/Townhomes) 15 15 0% 26 34 +30.8%
Median Sale Price $278,000 $298,000 +7.2% $261,000 $277,500 +6.3%
(Single Family) $301,750 $380,000 +25.9% $301,750 $326,500 +8.2%
(Condos/Townhomes) $208,000 $148,000 -28.8% $177,250 $155,000 -12.6%
Days on Market 42 35 -17.9% 37 31 -15.1%
(Single Family) 38 24 -36.8% 28 39 +39.3%
(Condos/Townhomes) 59 35 -40.7% 51 29 -43.1%

HomesByMarco sold over 300 homes last year

Thinking of selling your home in Mount Prospect? We are experts in the area. We'll sell your home quickly and for the highest price. Call Us Today!  888-32-MARCO

Do you have any questions about Mount Prospect?


Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2020 Midwest Real Estate Data LLC. All rights reserved.

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