In January 2017, there were 57 homes sold, with a median sale price of $270,000. There were 41 homes sold in Mount Prospect in January 2016, and the median sales price for the period was also $270,000.
The median sales tax in Mount Prospect for 2017 was $6,770. In 2016, the median sales tax was $6,431. This marks an increase of 5.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Mount Prospect to other Cook County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Skokie | 67 | 68 | -1.5% | $290,000 | $247,500 | 17.2% |
| Arlington Heights | 89 | 68 | 30.9% | $288,000 | $294,500 | -2.2% |
| Palos Park | 11 | 8 | 37.5% | $285,000 | $208,500 | 36.7% |
| Bedford Park | 1 | 0 | - | $285,000 | $0 | - |
| Prospect Heights | 17 | 21 | -19% | $270,000 | $221,000 | 22.2% |
| Mount Prospect | 57 | 41 | 39% | $270,000 | $270,000 | 0% |
| Morton Grove | 34 | 22 | 54.5% | $263,250 | $239,500 | 9.9% |
| Niles | 28 | 22 | 27.3% | $258,500 | $234,000 | 10.5% |
| Indian Head Park | 5 | 8 | -37.5% | $255,000 | $186,000 | 37.1% |
| La Grange | 18 | 15 | 20% | $255,000 | $365,000 | -30.1% |
| Westchester | 29 | 15 | 93.3% | $230,000 | $185,000 | 24.3% |
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