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Saturday, October 19, 2019

Mount Prospect home prices fall in January 2019

Real Estate

By Local Labs News Service | Feb 7, 2019


The median sale price of a home sold in January 2019 in Mount Prospect fell by $10,000 while total sales increased by 8.9%, according to BlockShopper.com.

In January 2019, there were 49 homes sold, with a median sale price of $260,000 - a 3.7% decrease over the $270,000 median sale price for the same period of the previous year. There were 45 homes sold in Mount Prospect in January 2018.

The median sales tax in Mount Prospect for the most recent year with available data, 2017, was $6,770, approximately 2.6% of the median home sale price for January 2019.

The following table compares Mount Prospect to other Cook County cities with similar median sales prices in January 2019:

City
Jan. 2019 Home Sales
Jan. 2018 Home Sales
% change (Total Home Sales)
Jan. 2019 Median Sales Price
Jan. 2018 Median Sales Price
% change (Median Sales Price)
Harwood Heights
9
13
-30.8%
$282,500
$300,000
-5.8%
Brookfield
20
15
33.3%
$277,500
$235,000
18.1%
Norridge
7
16
-56.3%
$270,000
$271,000
-0.4%
Niles
20
30
-33.3%
$263,250
$252,500
4.3%
Evanston
45
72
-37.5%
$260,000
$362,500
-28.3%
Mount Prospect
49
45
8.9%
$260,000
$270,000
-3.7%
North Riverside
5
7
-28.6%
$259,000
$220,000
17.7%
Morton Grove
18
27
-33.3%
$254,250
$268,500
-5.3%
Elmwood Park
23
40
-42.5%
$253,000
$217,500
16.3%
Palos Heights
17
17
0%
$252,000
$230,000
9.6%
Willow Springs
8
10
-20%
$250,000
$174,250
43.5%

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