Home to nearly 60,000 residents, the village of Mount Prospect in Cook County is located approximately 25 miles northwest of Chicago. Recognized by Business Week as the "Best Place to Raise Kids," the now suburban village was first established as a farming community soon after the Great Chicago Fire of 1871. Incorporated in 1917 Mount Prospect encompasses a mix of quiet neighborhoods, retail establishments and industrial and office space.
The community's focal point is its town center. This bustling downtown district has undergone significant cosmetic improvements over the past few years, making it even more popular among pedestrians, shoppers and businesses. The Mount Prospect and River Trails park districts serve the village, maintaining more than 400 acres of parks and recreational facilities. Golfers can hone their skills on the 18-hole public courses at Mount Prospect Golf Club and the Old Orchard Country Club. (more)
Local students are served by one of six public school districts depending on age and location. There are also several private and parochial schools in and near the village. Numerous colleges and universities are located within minutes of the village. The family-friendly village hosts a number of community events each year, such as the Midsummer Downtown Block Party with food, fun and live entertainment.
The real estate market of Mount Prospect is unique and offers housing to fit any lifestyle. Real estate options consist of charming single-family homes, townhouses and condos in a variety of styles and price points. The Cook County community is diverse, dynamic and ideally located-the perfect hometown for families and businesses alike.
Mount Prospect Real Estate Market: Prices of Homes for Sale in Mount Prospect
The real estate market of the village of Mount Prospect is varied with single-family homes, condos and townhouses anchoring the local market. Single-family homes are available in Mount Prospect, IL starting under $200,000 for a 4 bedroom/2.5 bathroom home to upwards of $900,000+ for a 4 bedroom/4.5 bathroom custom built house. Some of Mount Prospect's homes are located in country club communities and feature scenic golf course views and/or golf course frontage.
Condominiums and townhouses are available in the low $100,000s for one or two-bedroom units in communities such as Birch Manor and Westgate. Larger, newer properties for sale are available in the high $300,000s - $455,000 for luxury units featuring additional amenities. Savvy real estate investors looking to purchase land or investment property will find that prices in Mount Prospect start at $130,000.
Mount Prospect, Illinois Average Home Sizes and Asking Prices
Mount Prospect Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $336,293 compared to $333,673 the previous week, for a slight increase of less than +1%. For Tuesday, August 23rd, the current national mortgage rate for a 30 year fixed mortgage is 3.37%; the 15 year fixed rate is at 2.66%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 3.82%, while the 15 year jumbo rate currently is at 3.38%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Mount Prospect IL. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Mount Prospect to help you find the best home!