Home/Mount Prospect/Market Report

Mount Prospect Housing Market Report

August 2026 • Updated daily from MLS data

$539,904
Average Price
70
Active Listings
21
Avg Days on Market
$278
Avg Price/Sqft
0
New This Week

Inventory by Property Type

Active listings in Mount Prospect broken down by property type

53
Single Family
View listings
12
Condo
View listings
5
Townhouse
View listings
0
Multifamily
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Price Distribution

How Mount Prospect home prices are distributed across price ranges

Under $100K
0
$100K–$200K
1
1
$200K–$300K
9
9
$300K–$500K
25
25
$500K–$750K
29
29
$750K–$1M
1
1
$1M+
5
5

Listings by Bedrooms

Bedroom count breakdown for active listings in Mount Prospect

3
1 Bed
13
2 Bed
34
3 Bed
14
4 Bed
6
5+ Bed

Demographics & Community

Census data for Mount Prospect, Illinois

56,191
Population
$100,526
Median Household Income
41.2
Median Age
$367,900
Census Median Home Value

Housing Occupancy

Total Housing Units23,034
Owner-Occupied15,312 (69.9%)
Renter-Occupied6,605 (30.1%)
Vacant Units1,117
Median Rent$1,368/mo

Commute & Education

Median Commute25253 min
Work From Home6.7%
Public Transit2.9%
Bachelor's Degree+34.2%
High School Diploma+0.0%

Affordability & Housing Costs

HUD data for the Mount Prospect area

Fair Market Rent (2024)

Studio$1,399/mo
1 Bedroom$1,507/mo
2 Bedroom$1,714/mo
3 Bedroom$2,182/mo
4 Bedroom$2,583/mo

Income Limits (2024)

Median Family Income$112,100
Low Income (4-person)$89,700
Very Low Income (4-person)$56,050
Extremely Low (4-person)$33,650

Safety & Crime Statistics

Crime data for Mount Prospect (2024)

49
Violent Crimes
478
Property Crimes
93
Burglaries
47
Vehicle Thefts

Building Permit Activity

IvyGro tracks 22,943 building permits issued by Village of Mount Prospect, with records dating back to 2009. In the last 12 months, 1,863 permits were issued, down 21% from the year before. Every Mount Prospect listing on IvyGro shows the full permit history for that address: roofs, remodels, additions, and more.

22,943
Permits on Record
1,863
Issued Last 12 Months
$200
Median Project Value (12 mo)
$1,394,153
Total Construction Value (12 mo)

Most Common Projects (Last 5 Years)

Residential Building Permit · Roof Re…2,043
Residential Building Permit · Flatwor…1,219
Residential Building Permit · Fence R…1,035
Residential Building Permit · Sewer R…834
Residential Building Permit · HVAC · …471
Residential Building Permit · Roof Re…374

Permits Issued by Year

2016
57
2017
2,498
2018
2,467
2019
2,317
2020
2,474
2021
2,666
2022
2,457
2023
2,381
2024
2,324
2025
2,295
2026
926

See the full Mount Prospect permit report or browse Mount Prospect listings to see the permit history for any home.

School Districts

School districts serving Mount Prospect properties

57
59
26
23
21
25

Featured Listings in Mount Prospect

Top properties currently on the market

2018 Ivy
$574,900
3
2
2,519 sqft
2018 Ivy
Mount Prospect, IL
400 Mount Prospect
$619,900
5
4
2,171 sqft
400 Mount Prospect
Mount Prospect, IL
1413 Burning Bush
$559,900
5
3
2,800 sqft
1413 Burning Bush
Mount Prospect, IL
1910 Hatherleigh
$159,900
1
1
600 sqft
1910 Hatherleigh
Mount Prospect, IL
20 Waverly
$749,900
3
2
2,353 sqft
20 Waverly
Mount Prospect, IL
1408 Fern
$445,000
3
2
1408 Fern
Mount Prospect, IL
View All Mount Prospect Properties

Save $13,797 on the Average Mount Prospect Home

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