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Thursday, November 28, 2024

Mount Prospect home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Mount Prospect rose by $5,000 while total sales increased by 5.7%, according to BlockShopper.com.

From January through June of 2019, there were 389 homes sold, with a median sale price of $290,000 - a 1.8% increase over the $285,000 median sale price for the same period of the previous year. There were 368 homes sold in Mount Prospect in the first half of 2018.

The median sales tax in Mount Prospect for the most recent year with available data, 2018, was $6,765, approximately 2.3% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
Evanston463505-8.3%$330,000$325,0001.5%
Palos Park86851.2%$316,000$325,000-2.8%
Skokie374450-16.9%$313,500$314,250-0.2%
Arlington Heights618662-6.6%$294,500$320,000-8%
Mission Hills Estates69-33.3%$292,500$211,00038.6%
Mount Prospect3893685.7%$290,000$285,0001.8%
Norridge80101-20.8%$289,500$285,0001.6%
Morton Grove199205-2.9%$285,000$295,000-3.4%
Oak Park443473-6.3%$282,500$351,000-19.5%
Niles188208-9.6%$280,500$274,0002.4%
Harwood Heights4862-22.6%$264,000$266,500-0.9%

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