Mount Prospect Real Estate Market Update May 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

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 6.09 months supply of inventory on the market in Mount Prospect on May 31, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 31 days.
It took on average 69 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from April 1, 2018 through April 30, 2018 was 77 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 $160/Sq.Ft, which is 2% a decline from last month.

In Mount Prospect there were 18 units sold in April in the price range between $88,300 – $190,804 with an average of 1.9 bedrooms and 1.6 bathrooms and average Square footage of 1,226SF.

In Mount Prospect there were 51 units sold in April in the price range between $190,805 – $459,153 with an average of 3.1 bedrooms and 1.9 bathrooms and average Square footage of 1,627SF.

In Mount Prospect there were 8 units sold in April in the price range between $459,154 – $625,000 with an average of 4 bedrooms and 2.6 bathrooms and average Square footage of 2,618SF.

The low price range had the most activity. Homes up to $190,804 were on the market on average 62 days and sold an average of $142,016.

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!

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

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