Prospect Heights Real Estate Trends & Statistics

Prospect Heights Median List Price

$299,800

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Prospect Heights Market Snapshot

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	Today	1 Month Ago		1 Year Ago
Total Inventory	58	69	16%	128	55%
Median List Price	$299,800	$249,900	20%	$220,000	36%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	14%	13%		14%
Median DOM	47	59	20%	65	28%
Median House Size	2,000	1,800	11%	1,800	11%
Median $/Sqft	$152/sqft	$152/sqft		$135/sqft	13%

	Today	1 Month Ago		1 Year Ago
Total Inventory	36	40	10%	64	44%
Median List Price	$499,000	$374,900	33%	$435,000	15%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	3%	8%		5%
Median DOM	52	52		63	17%
Median House Size	3,102	2,540	22%	2,669	16%
Median $/Sqft	$166/sqft	$163/sqft	2%	$164/sqft	1%

	Today	1 Month Ago		1 Year Ago
Total Inventory	22	29	24%	64	66%
Median List Price	$82,900	$74,900	11%	$90,000	8%
% Distressed Movoto defines distressed properties as any property that has an agent note in the MLS that defines the property as "Bank Owned", "In Foreclosure", "Short Sale" (where the owner is trying to sell at a price below the mortgage balance to avoid foreclosure) or "REO" (a term used to indicate the property is bank owned).	32%	21%		23%
Median DOM	31	86	64%	79	61%
Median House Size	950	1,250	24%	1,095	13%
Median $/Sqft	$82/sqft	$94/sqft	13%	$76/sqft	8%

Prospect Heights Market Data

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	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	21	13	10	19	15	8	12
New Listings	31	18	20	30	27	40	31
Sold/Expired	40	43	41	43	43	50	39

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	10	6	5	7	5	4	6
New Listings	13	6	6	11	9	21	22
Sold/Expired	22	21	16	18	13	20	19

	10/12	11/12	12/12	1/13	2/13	3/13	4/13
Price Reductions	11	7	5	12	10	4	6
New Listings	18	12	14	19	18	19	9
Sold/Expired	18	22	25	25	30	30	20

Prospect Heights, Illinois real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Prospect Heights homes for sale market. Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Prospect Heights. Movoto is your comprehensive source for Prospect Heights property information. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The data on this page is for informational purposes only.

Prospect Heights, IL Market Overview

Inventory: 58 Recently Sold: 39 New Listings: 31 Distressed: 14

Prospect Heights's home resale inventories decreased sharply, with a 16 percent decrease since April 2013. Distressed properties such as foreclosures and short sales increased as a percentage of the total market in May. The median listing price in Prospect Heights went up from April to May. There were a total of 2 price increases and 12 price decreases.

Updated: 05/01/2013

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Nearby Homes for Sale

42 N Wildwood Dr, Prospect Heights, IL