The snapshot below is showing real estate trends from 2007 trough 2011 in Mount Prospect, IL compiled from MLS.
The current average listing price in Mount Prospect is $236,117. Slightly higher compared to the average sold price at the end of 2010. As I type, the average market time is 221 days and there are more than 100 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Mount Prospect, don't wait, as you can see there were 435 homes sold in 2011 compared to 422 in 2009. There were 8 homes sold in the price range from $500,000 to $1,000,000.
Year to date:
The highest single family home in Mt. Prospect was sold for $917,323
The most affordable was $26,000.
Currently there are 168 properties under contract.