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Mount Prospect Real Estate Market Update September 2018

Author: John Herman
by John Herman
Posted: Sep 28, 2018

Real Estate In Mount Prospect is a balanced market favoring buyers. There is significant amount of homes for sale in Mount Prospect, and buyers are not in a rush to buy yet. There is a 6.6 months supply of inventory on the market in Mount Prospect on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 35 days.

It took on average 32 days to sell Mount Prospect Condo, Townhouse or a Duplex.

The number of home sales in Mount Prospect from August 1, 2018 through August 31, 2018 was 66 units. That is 1% above the number of homes sold last month in Mount Prospect.

The average price per square foot in the area is now $162/Sq.Ft, which is 0% an increase from last month.

In Mount Prospect there were 12 units sold in August in the price range between $93,000 – $193,889 with an average of 2 bedrooms and 1.4 bathrooms and average Square footage of 1,166SF.

In Mount Prospect there were 50 units sold in August in the price range between $193,890 – $432,388 with an average of 3.3 bedrooms and 1.9 bathrooms and average Square footage of 1,898SF.

In Mount Prospect there were 4 units sold in August in the price range between $432,389 – $570,000 with an average of 4 bedrooms and 2.3 bathrooms and average Square footage of 2,479SF.

The low price range had the most activity. Homes up to $193,889 were on the market on average 22 days and sold an average of $142,083.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mount Prospect. Search all Mount Prospect homes for Sale on propertyup.com If you are considering viewing Mount Prospect, you may want to do so now!

Another Listing: 3 bedroom, 2 bath RANCH home in quiet neighborhood with great schools & only blocks from the train! You will be pleasantly surprised when you walk into this home. It is light, bright & more spacious than you originally would think. Look at the room sizes!! There is a screened porch attached to the garage to view the beautifully landscaped yard. Right now, the screened porch has been boarded up for the fall & winter but will be there for your spring & summer enjoyment. Yes, it needs updating but has been lovingly cared for & there are plenty of newer items: A C - 2 yrs; Roof - 10 yrs; Boiler - 1 yr; HWH - NEW. The GIGANTIC basement is finished and has a wet bar. This home is priced so well because it needs new carpet and updating. But it has been WELL CARED FOR. Come and take a look and see everything it has to offer!

About the Author

Helping you make the right choices when it comes to all things property. Huge price reduction!!!lovely english cottage style ranch on beautifully wooded lot great location. Gated entry leads to charming walkway & welcoming porch.

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Author: John Herman

John Herman

Member since: Oct 11, 2017
Published articles: 130

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