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Thursday, November 28, 2024

Mount Prospect home prices rise in the second quarter of 2019

Re 10

The median sale price of a home sold in the second quarter of 2019 in Mount Prospect rose by $14,500 while total sales decreased by 6.3%, according to BlockShopper.com.

From April through June of 2019, there were 238 homes sold, with a median sale price of $309,500 - a 4.9% increase over the $295,000 median sale price for the same period of the previous year. There were 254 homes sold in Mount Prospect in the second quarter of 2018.

The median sales tax in Mount Prospect for the most recent year with available data, 2018, was $6,765, approximately 2.2% of the median home sale price for the second quarter of 2019.

The following table compares Mount Prospect to other Cook County cities with similar median sales prices in the second quarter of 2019:

CityApr. - June 2019 Home SalesApr. - June 2018 Home Sales% change (Total Home Sales)Apr. - June 2019 Median Sales PriceApr. - June 2018 Median Sales Price% change (Median Sales Price)
Evanston309325-4.9%$340,000$321,0005.9%
La Grange Highlands16160%$337,000$365,000-7.7%
Deercrest Estates12120%$334,250$347,500-3.8%
Skokie223262-14.9%$315,500$313,5000.6%
Palos Park5359-10.2%$310,000$335,000-7.5%
Mount Prospect238254-6.3%$309,500$295,0004.9%
Arlington Heights401428-6.3%$302,500$323,000-6.3%
Morton Grove13211910.9%$301,500$305,000-1.1%
Niles1311254.8%$290,000$280,0003.6%
Norridge5659-5.1%$288,250$285,0001.1%
Forest River21100%$270,000$222,50021.3%

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