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Land Foreclosures in Mount Prospect, IL

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Mount Prospect, IL Foreclosures

Current Market Conditions in in Mount Prospect, IL As of June 2026?
Home values: +2.66% MoM; rent: +0.00% MoM.
How much do homes sell for in Mount Prospect, IL?
The average home price is currently $495,884.
In Mount Prospect, IL, how many homes are available?
There are currently 12,117 active home listings available in Mount Prospect.
What’s the average rental cost in Mount Prospect, IL?
The average rental price in Mount Prospect is $1,939.
What is the most expensive home in Mount Prospect?
The most expensive home sold in Mount Prospect had a price of $62,217,180.
What is currently the cheapest priced home in Mount Prospect, IL?
The cheapest home for sale in Mount Prospect is priced at $13,108.

Living in Mount Prospect, IL

Mount Prospect is a transit-friendly northwest Chicago suburb with a strong downtown, established neighborhoods, convenient shopping, and easy access to O'Hare and major highways.

Buyer vs Seller Market in Mount Prospect, IL

Median home value: $461,017 as of 2026-05-14.

Median rent: $2,000 as of 2026-05-14.

Home values: +2.66% MoM, +8.68% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Mount Prospect, IL

There are currently 17,522 real estate properties in Mount Prospect, IL, with a median automated valuation model (AVM) price of $461,017.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mount Prospect, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mount Prospect, IL, is $495,884.00, with the most expensive house in Mount Prospect, IL, topping out at $62,217,180.00 and the cheapest home in Mount Prospect, IL, clocking in at $13,108.00. In other words, there’s something for every potential homebuyer or savvy investor in Mount Prospect, IL!

Rent Prices In Mount Prospect, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Prospect, IL, is on a rollercoaster ride. The average rent price in Mount Prospect, IL, is $1,939.00. Indeed, when looking to rent in Mount Prospect, IL, you can expect to pay as little as $730.00 or as much as $3,680.00, with the average rent median estimated to be $2,000.00. The good news is that finding an affordable and desirable property to rent in Mount Prospect, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Mount Prospect, IL Land

Market Trend for Mount Prospect, IL

Total Listings Available: 12,117

Market Values:

Home Prices from $13,108 to $62,217,180

Average Sales Price: $495,884

Rental Values:

Rental from $730 to $3,680

Average Rent Value: $1,939 / month

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