North And Northwest of Chicago Real Estate

Mount Prospect Real Estate Trends July 2012

On the tables below, we see the number of available homes on the market in the past three years by their sales type. 

Inventory is slightly smaller in 2010 compared to 2012.
As of July 2012 we have 243 traditional homes on the market, 28 REO/Foreclosed Properties and 98 Short Sales in Mount Prospect, IL.

 

Mount Prospect Homes For Sale 

 

 

On the second table we see the average prices by the type of home for sale in Mount Prospect. 

The average traditional home price in Mount Prospect, IL is $286,625 compared to $336,569 in 2009.



Real Estate Market Trends Mount Prospect

 

 

Buyers are looking for a great deal and some are sending offers that are 30% lower than the listing price. The table below  shows the percentage of homes sold from the original listed price in Mount Prospect. Short sale homes were sold for almost 20% less than the original price. Traditional home and REO properties were sold at an average of 10% less to the original listing price. 

 

Sold homes in Mount Prospect

 

All numbers above are provided by MRED MLS. 

 

Mount Prospect Real Estate Market Trends 2007 - 2011

Mount Prospect Home Sale - Traditional, REO, and Short Sale numbers

 

Visit and choose to subscribe to my North Of Chicago real estate and other stuff blog for real estate market updates of Mount Prospect, IL and other neighboring communities.

 

Contact me for any real estate needs in Chicago's North And Northwest suburbs.
Mount Prospect Real Estate on Homes By Haris.

 Haris Dedic, Realtor®, SFR, SRES

With RE/MAX Villager

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Comment balloon 1 commentHaris Dedic • July 28 2012 06:38PM
Mount Prospect Real Estate Trends July 2012
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