Housing in Prospect Heights, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$439,000

Median List Price

$219,000

Price Per Sq Ft

$223

Days on Market

74

Active Inventory

35

Months of Supply

4.4

Balanced market

Zillow Home Value

$350,706

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 46.3%List Price ↓ 29.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

37.5%

Off Market in 2 Weeks

47.1%

Sale-to-List Ratio

97.9%

Buyer's market

Sold Above Asking
37.5%
Under Contract in 2 Wks
47.1%
Listings with Price Drops
17.1%

Market Activity

Source: Redfin

Homes Sold

8

New Listings

13

Pending Sales

17

Homes Sold ↓ 11.1%New Listings ↓ 40.9%Pending ↓ 26.1%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$223

Median List $/SF

$189

Sale $/SF ↑ 1.4%List $/SF ↓ 8.7%Mar 24 → Jan 26

Prospect Heights vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Prospect Heights 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

$347,500

Median Rent

$1,391

Total Housing Units

6,412

Vacancy Rate

2.5%

Owner Occupied

63.5%

Renter Occupied

36.5%

Median Property Tax

$7,889

per year

Monthly Cost (w/ Mortgage)

$1,642

Housing Types

Single Family
48.1%
Multi-Family
51.9%
Mobile Home
0.0%

The current median sale price in Prospect Heights, IL is $439,000 according to Redfin data. Homes spend a median of 74 days on the market. 37.5% of homes sold above asking price. The market has 4.4 months of supply. The median price per square foot is $223. The median rent is $1,391 per month (Census ACS). About 63.5% of housing units are owner-occupied. The median year homes were built is 1976. There are 6,412 total housing units.