Property prices for sale in Mount Prospect (Illinois)

The prices in real estate in Mount Prospect, in the Illinois region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$360,308.33
Average price last 6 months
$218
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Mount Prospect has increased during the last 6 months. In February, the average price per sq.feet was $199. In the following month the price per sq.feet increased to $214. In the following two months the price per sq.feet has increased 106 %, going from $206.5 to $219.5 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $213 to $228 during June, and July.

Average price

Based upon to the price in Mount Prospect (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $303,314. During March the price went through a considerable rise reaching $355,623. During the following two months (April, May) the price has had an average incrementation from $329,468.5 to $377,617.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $381,333 they are 66 % more affordable than the average price for Mount Prospect. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $384,385.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $155 / sq.feet, with an average $227 / sq.feet price in Mount Prospect. The properties with the highest average prices have 3 bedrooms. They are 7 % more expensive than the average followed by properties with 4 bedrooms with a price at $230 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $381,333 it is 47 % cheaper than the average price in Mount Prospect. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $311,843 it is 12 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $142 / sq.feet followed by "Condo" priced at $168 / sq.feet. "House" is the most costly type of property with a $239 / sq.feet cost followed by "Townhouse" with an average price of $187 / sq.feet.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Mount Prospect
Number of properties used in region Illinois
$381,333
$227
2,330
549,590
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value