Mount Prospect Real Estate Market Update July 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 6.57 months supply of inventory on the market in Mount Prospect on July 31, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 29 days.

It took on average 24 days to sell Mount Prospect Condo, Townhouse or a Duplex.

The number of home sales in Mount Prospect from June 1, 2018 through June 30, 2018 was 84 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 $161/Sq.Ft, which is 0% an increase from last month.

In Mount Prospect there were 22 units sold in June in the price range between $72,950 – $185,369 with an average of 1.9 bedrooms and 1.5 bathrooms and average Square footage of 1,106SF.

In Mount Prospect there were 59 units sold in June in the price range between $185,370 – $498,892 with an average of 3.2 bedrooms and 1.9 bathrooms and average Square footage of 1,721SF.

In Mount Prospect there were 3 units sold in June in the price range between $498,893 – $699,999 with an average of 4.7 bedrooms and 3.1 bathrooms and average Square footage of 3,348SF.

The low price range had the most activity. Homes up to $185,369 were on the market on average 24 days and sold an average of $138,738.

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!