Mount Prospect Real Estate Trends 2011

On my NorthOfChicago.com real estate blog we can find different types of market analysis for Mount Prospect, IL and other areas in Chicago northwest suburbs. 

This particular chart below is showing sold homes in Mount Prospect by price range with the average market time. There were 435 homes sold in Mt. Prospect in 2011. 

The links under the image will take you to market statistics for past 5 years and to the charts that compare Traditional sale, short sales and REO properties that were sold in 2011.

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.

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

Two snapshots below are showing real estate trends for the past 3 years in Mount Prospect, IL and are comparing sold properties by the type of sale. 

The first chart is showing traditional sales, REO (foreclosures) and Short Sales for detached single family homes in Mt. Prospect, IL.

As we see, the volume of the sales are a bit lower. We had a big drop in short sales.  35 homes were sold as a short sale in 2009  compared to 20 short sales in 2011. Some short sale homes turned to foreclosed homes and the number grew accordingly.

The second chart is showing the numbers of attached single family homes. The numbers are for condos and townhouses in Mount Prospect, IL.

We can see the volume of short sales and REO for attached single family properties doubled when comparing 2009 to 2011. With the record low mortgage rates, the combined sales jumped from 2009.

 Short sale takes patience and effort that could save you about 10%, while the REO homes price difference is much lower and you need to be ready to do a lot of work.    

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.

The snapshot below is showing real estate trends for the past 5 years in Mount Prospect, IL compiled from MLS. 

The current average listing price in Mount Prospect is $245,340. Slightly higher compared to the average sold price at the end of 2010. As I type, the average market time is 258 days and there are more than 100 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Mount Prospect, don't wait, as you can see there were 435 homes sold in 2011 compared to 422 in 2009. There were 8 homes sold in the price range from $500,000 to $1,000,000.

The highest single family home in Mt. Prospect was sold for $917,323 while the most affordable was $26,000.  Currently there are 79 properties under contract.

 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.

Niles, IL Real Estate Market Trends

Here are the real estate trends that I compiled from MLS that will give you an idea of what to expect if you were to buy or sell a home in Niles.

The numbers below are showing median sales price by bedrooms, from 2009 - 2011. There is approximately a 37% drop in the median price from 2009  to 2011 for 2 bedrooms or less in Niles. As you see, homes with 4 bedrooms or more did not have much change when we compare 2009 and 2011.

Some real estate data for Niles, IL that is not shown in the graph above.
Year to date:

• 265 units sold 
• Average sold price is $194,086
• Maximum sold home was $560,000
• Average market time is 177 days (canceled and expired listings are not included)
• currently there are 196 homes on the market with an average sales price of $256,215.

If you are thinking of buying or selling in Niles, feel free to contact me for any real estate needs you may have. No obligation comparable market analysis is available.  If you are thinking of selling your home or getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

 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.
Niles Real Estate on Homes By Haris.

Here are the real estate trends that I compiled from MLS that will give you an idea what to expect if we would buy or sell a home in Mount Prospect.

The numbers below are only for the homes sold in the month of August in the past 3 years. Left numbers are for condos and townhouses and the right ones for single family homes in Mt. Prospect. The average price of sold properties in Aug 2011 were slightly higher compared to 2010.

This next chart is showing how many units were sold in months of August for the past three years. In total there were 48 sold homes in 2009, 39 in 2010 and already 33 in 2011 with 4 months left. 

Follow this link to find more blog posts about Mount Prospect Real Estate Trends.

If you are thinking of buying or selling in Mount Prospect, feel free to contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

 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.

Mount Prospect, IL Real Estate Trends

The pie chart below is showing the percentage of sold homes that were short sale, REO (foreclosed) and regular sale homes. In Mount Prospect, IL  detached single family homes show that 25% of the sales were foreclosures and short sales, while the number of those sales with townhomes and condos is much higher. The national average for the first quarter is 39% for REO's or foreclosures.

If you are thinking of buying or selling in Mount Prospect, feel free to contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

 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.

On the image below we can see the Morton Grove Real estate trends from the past five years. The data was collected by MRED MLS.

As we see below, there were 162 properties sold in 2010 in Morton Grove, IL with an average market time of 233 days. Average sold price was $258,111. 

Year to date the average listing price of a home in Morton Grove is $277,719. As I type, there are 244 active homes on the market. We can find 121 homes available from $200,000 - $400,000 price range. The highest listed price is $899,000 while the market time is 265 days.

If you are thinking of buying or selling in Morton Grove, please contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online, is already under contract. 

Glenview, IL real estate market trends 2006-20010
Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
Des Plaines, IL real estate market trends 2006-2010
Niles, IL real estate market trends 2006-2010

Northbrook real estate market trends will be the next blog posts in 2006 ~ 2010 series.

 Visit and choose to subscribe to my North Of Chicago real estate and other stuff blog for real estate market updates and other local info.

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

I collected all single family home data about Glenview, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.

As we see below, there were 551 properties sold in 2010 in Glenview, IL with an average market time of 216 days. Average sold price was $485,672. 

The current average listing price in Glenview is $537,337. As I type there are 537 active homes on the market. We can find 150 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Glenview, don't wait, as we can see there were 551 homes sold in 2010 compared to 466 in 2009. Year to date highest sold home was for $4,099,000 while there are 140 homes under contract.

If you are thinking of buying or selling in Glenview, please contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
Morton Grove, IL real estate market trends 05-09
Des Plaines, IL real estate market trends 2006-2010
Niles, IL real estate market trends 2006-2010

Morton Grove and Northbrook real estate market trends will be the next blog posts in 2006 ~ 2010 series.

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

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

I collected all single family home data about Niles, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.

As we see below, there were 241 properties sold in 2010 in Niles, IL with an average market time of 178 days. Average sold price was $223,513. 

The current average listing price in Niles is $262,469. As I type there are 201 active homes on the market. We can find 102 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Niles, don't wait, as we can see there were 197 homes sold in 2008 compared to 241 in 2010. Year to date highest sold home was for $540,000 while there where 32 homes sold in first two months of the year.

If you are thinking of buying or selling in Niles, please contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
Glenview, IL real estate market trends 05-09
Morton Grove, IL real estate market trends 05-09
Des Plaines, IL real estate market trends 2006-2010

Morton Grove and Glenview will be the next blog posts in 2006 ~ 2010 series.

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

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

I collected all single family home data about Des Plaines, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.

As we can see below, there were 738 properties sold in 2010 in Des Plaines, IL with an average market time of 181 days. Average sold price was $170,829. 

The current average listing price in Des Plaines is $205,020. Slightly higher compared to the average sold price at the end of 2010. As I type the average market time is 187 days and there are more than 250 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Des Plaines, don't wait, as we can see there were 558 homes sold in 2008 compared to 738 in 2010. The highest sold home in 2010 was $690,000 while there where more than 30 homes sold from $400,000 and above in 2010.

If you are thinking of buying or selling in Des Plaines, feel free to contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract. 

Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
Glenview, IL real estate market trends 05-09
Morton Grove, IL real estate market trends 05-09
Niles, IL real estate market trends in 2009

Niles, Morton Grove and Glenview will be the next blog posts in 2006 ~ 2010 series.

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

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