Frequently Asked Questions
What warranties come with a new construction home?
Most Builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty.
What upgrades are included in a new build vs what is considered extras?
Builders in Prospect Heights, IL usually offer a base package and optional upgrades such as flooring, countertops, and appliances.
Do new construction homes in Prospect Heights, IL hold their value?
Yes, especially in fast-growing areas of Prospect Heights, IL. Resale values are supported by population growth, job opportunities, and desirable schools.
What happens if I find issues after moving in to new build?
Builders typically provide a post-move in warranty service to address punch list items.
Home Trends in Prospect Heights, IL
On average, homes in Prospect Heights, IL sell after 21 days on the market compared to the national average of 55 days. The median sale price for homes in Prospect Heights, IL over the last 12 months is $257,200, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$257,200
Median Single Family Sale Price
$565,000
Median Townhouse Sale Price
$460,000
Median 2 Bedroom Sale Price
$210,000
Median 1 Bedroom Sale Price
$150,000
Average Price Per Sq Ft
$229
Number of Homes for Sale
13
Last 12 months Home Sales
190
Median List Price
$260,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-16%