From July to September, 220 homes sold in Mount Prospect for a median price of $300,000. That's 0.6 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 9 homes in Mount Prospect were in foreclosure.
Median property tax for homeowners in Mount Prospect was $7,253.04 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Mount Prospect real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
170
$318,533
-
2010
125
$228,000
-28.4%
2011
101
$231,650
1.6%
2012
185
$242,525
4.7%
2013
262
$256,500
5.8%
2014
194
$284,610
11%
2015
278
$300,245
5.5%
2016
248
$304,500
1.4%
2017
237
$298,350
-2%
2018
220
$300,000
0.6%
Median property tax
Median sale price
Effective property tax rate
2009
$6,812.21
$318,533
2.1%
2010
$6,048.24
$228,000
2.7%
2011
$6,860.39
$231,650
3%
2012
$6,966.07
$242,525
2.9%
2013
$6,494.65
$256,500
2.5%
2014
$6,351.20
$284,610
2.2%
2015
$6,767.91
$300,245
2.3%
2016
$6,991.51
$304,500
2.3%
2017
$7,253.03
$298,350
2.4%
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