Mt Prospect, IL Foreclosures
How much do homes sell for in Mt Prospect, IL?
The average home price is currently $442,963.
In Mt Prospect, IL, how many homes are available?
There are currently 6 active home listings available in Mt Prospect.
What’s the average rental cost in Mt Prospect, IL?
The average rental price in Mt Prospect is $1,910.
What is the most expensive home in Mt Prospect?
The most expensive home sold in Mt Prospect had a price of $1,522,841.
What is currently the cheapest priced home in Mt Prospect, IL?
The cheapest home for sale in Mt Prospect is priced at $21,403.
Living in Mt Prospect, IL
Mt. Prospect, located in Cook County, is a vibrant suburban community known for its excellent schools and charming neighborhoods. The area features a mix of tree-lined streets, parks, and local amenities that cater to a family-friendly lifestyle. Residents enjoy a variety of recreational activities, shopping, and dining options within close proximity.
Current Market Conditions in Mt Prospect, IL
The real estate market in Mt. Prospect is currently experiencing a healthy level of activity, with a moderate rise in home prices due to increased demand. The inventory of homes for sale has been relatively low, leading to a competitive market, particularly for single-family homes. Buyers are actively looking for family-friendly neighborhoods with good school districts and access to amenities, which continues to drive up property values.
In recent months, the market has seen a shift due to interest rates, influencing buyer behavior. However, homes that are priced competitively and showcase desirable features are selling quickly, often above asking price. This trend indicates robust demand in the Mt. Prospect area.
Home Value Estimator For Mt Prospect, IL
There are currently 1,023 real estate properties
in Mt Prospect, IL,
with a median automated valuation model (AVM) price
of $426,146.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mt 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 Mt Prospect, IL,
is $442,963.00, with the most expensive house
in Mt Prospect, IL, topping out
at $1,522,841.00 and the cheapest home
in Mt Prospect, IL,
clocking in at $21,403.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mt Prospect, IL!
Rent Prices
In Mt Prospect, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mt Prospect, IL, is on
a rollercoaster ride. The
average rent price in Mt Prospect, IL,
is $1,910.00. Indeed, when looking to rent in
Mt Prospect, IL, you can expect to pay as little
as $830.00 or as much
as $3,280.00,
with the average rent median estimated to
be $1,920.00. The good news is that finding
an affordable and desirable property to rent in Mt 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.
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