Why Live in Mount Prospect
Mount Prospect sprawls about 24 miles northwest of Chicago and close enough to Chicago O’Hare International Airport to hear engines close overhead. “When Mount Prospect started in the late 1800s, it was a flag stop,” says Tom Zander, a longtime resident and Realtor partner with his wife Mary Zander at Berkshire Hathaway Starck Real Estate. “The train didn’t regularly stop here unless the town put a flag out on a pole and indicated someone needed to stop. There were a lot of farms out here, dairy farms for miles.” Later developments occurred right around the station, and neat blocks of midcentury homes still extend outward to this day as modern Metra connections head down the tracks.
Mount Prospect’s transition from a sleepy bedroom community to its current state was strengthened by an extensive downtown redevelopment in the 1990s and 2000s, which brought wrought iron lampposts, brick crosswalks and mixed-use properties around the Village Hall and Centennial Green park downtown. Other walkable commercial developments, several highly-rated school districts and highly involved community organizations attract newcomers as the current population just passes the 54,000 mark. “It’s
Home Trends in Mount Prospect, IL
On average, homes in Mount Prospect, IL sell after 19 days on the market compared to the national average of 50 days. The median sale price for homes in Mount Prospect, IL over the last 12 months is $416,500, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$416,500
Median Single Family Sale Price
$475,000
Median Townhouse Sale Price
$382,500
Median 2 Bedroom Sale Price
$248,000
Median 1 Bedroom Sale Price
$164,500
Average Price Per Sq Ft
$258
Number of Homes for Sale
75
Last 12 months Home Sales
540
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%