Housing in Mount Prospect, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$375,000
Median List Price
$439,900
Price Per Sq Ft
$264
Days on Market
59
Active Inventory
66
Months of Supply
2.4
Seller's market
Zillow Home Value
$415,942
ZHVI — January 2026
Zillow Rent Index
$1,760
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
22.2%
Off Market in 2 Weeks
48.6%
Sale-to-List Ratio
98.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
27
New Listings
40
Pending Sales
35
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$264
Median List $/SF
$268
Mount Prospect vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Mount Prospect is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$377,000
Median Rent
$1,454
Total Housing Units
23,068
Vacancy Rate
4.6%
Owner Occupied
70.0%
Renter Occupied
30.0%
Median Property Tax
$8,216
per year
Monthly Cost (w/ Mortgage)
$1,752
Housing Types
The current median sale price in Mount Prospect, IL is $375,000 according to Redfin data. Homes spend a median of 59 days on the market. 22.2% of homes sold above asking price. The market has 2.4 months of supply. The median price per square foot is $264. Zillow's observed rent index is $1,760/month. About 70.0% of housing units are owner-occupied. The median year homes were built is 1969. There are 23,068 total housing units.