Photo: Indy beetle · CC BY-SA 4.0536 homes sold in Mount Prospect in the last year, at a typical $428K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Mount Prospect homes are listed.
Every place Mount Prospect homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Mount Prospect.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Mount Prospect’s sales are condos, at $250K less than a house
326 houses and 165 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 326 sold in 12 months
- Per square foot
- $287IL $180
- Days to sell
- 45
- Sold over asking
- 53%
- Listings with a price cut
- 18%
typical sale · 165 sold in 12 months
- Per square foot
- $214IL $251
- Days to sell
- 47
- Sold over asking
- 29%
- Listings with a price cut
- 17%
Multi-family (2–4 units): 2 sold, typical $625K
Townhouses: 43 sold, typical $353K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.5 times the 2016 price
536 sales in the last year, against 850 in 2021 and a low of 526 in 2023. The typical sale went from $284K in 2016 to $428K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Mount Prospect
Check a listing against what Mount Prospect homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Mount Prospect are more common than before the pandemic, but 56% fewer homes come up for sale
We read every month of Mount Prospect’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 536 sales.
If you’re buying in Mount Prospect
- Shop in March. It brings about 90 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Less room to haggle. Only 18% of listings cut their price, against 26% before the pandemic.
- Bid near asking. Buyers paid 100.3% of the list price on average; 45% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 93 a month), and the most competition: 33% close over asking. March and April offer nearly as much choice with fewer homes bid up (26%). January has the least competition (18%) but only about 47 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than Illinois
| Mount Prospect now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 45% | 14% | 28% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | 35% | 43% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 18% | 26% | 29% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.3% | 96.7% | 98.2% | 99.2% |
| Days to sellMedian days from listing to contract | 46 | 63 | 23 | 49 |
103 homes for sale on a typical day
That’s 1.2 times the 2023 low (83), 56% fewer than in 2017–19 and well under 2019’s 269.
1 in 6 listings has cut its price
18% in the last year, against 26% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 61%, condos 64%
A house typically sold for $509K in the last year (326 sales), a condo for $259K (165).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Mount Prospect ranks 72nd of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Mount Prospect is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Mount Prospect home costs about $2,989 a month
Price: Mount Prospect’s typical sale, last 12 months. Property tax at Mount Prospect’s 2.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Mount Prospect is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 27.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $428K home, about $9,070 a year.
Taxes vs. neighborsSchools
The schools grade for Mount Prospect, from test results, graduation and how much students grow.
Schools in Mount ProspectTypical commute
The average one-way trip to work for people who live in Mount Prospect.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Prospect Heights, Des Plaines, Wheeling Township, Rolling Meadows and Elk Grove Village sell for less a square foot
The busier markets within 25 miles of Mount Prospect, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Arlington Heights | 906 | $470K | $269 | 45% | 45 |
| Des Plaines | 662 | $368K | $243 | 43% | 49 |
| Mount Prospect | 536 | $428K | $259 | 45% | 46 |
| Elk Grove Village | 379 | $379K | $250 | 49% | 48 |
| Wheeling Township | 363 | $306K | $222 | 38% | 56 |
| Rolling Meadows | 271 | $329K | $237 | 44% | 47 |
| Prospect Heights | 208 | $313K | $219 | 37% | 53 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Mount Prospect, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Mount Prospect. People who follow the town see it, and so do people comparing Mount Prospect with their own town. No commission, no listing fee.
Questions about buying a home in Mount Prospect
What do homes sell for in Mount Prospect, IL?
536 homes sold in the year to May 2026 at a typical $428K, $259 a square foot. Houses sold for about $509K, condos for about $259K.
Is Mount Prospect a buyer’s or seller’s market?
A seller’s market: 123 homes were for sale in May 2026 and 60 sold, about 2.1 months of supply. Buyers paid 100.3% of asking on average, and 18% of listings cut their price.
When is the best time to buy in Mount Prospect?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Mount Prospect?
About 2.1% of a home’s value a year. On a $428K home that’s near $9,070.
Where can I see homes for sale in Mount Prospect?
Zillow, Redfin, Realtor.com and Homes.com all carry Mount Prospect’s MLS listings; the search links above open each one filtered to Mount Prospect.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).