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Downtown Lake Briarwood Lions Park Westgate

MOUNT PROSPECT, IL 60056

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60056

Downtown · Lake Briarwood · Lions Park · Westgate

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MOUNT PROSPECT, IL real estate market (60056) currently shows 102 active listings, with 51 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 21 days on market compared to 25 days last year.

The median listing price has fallen 3.1% year-over-year, from $438,675 to $424,950.

Whether you are buying or selling in MOUNT PROSPECT, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 56,651  ·  Density: 2,013.1/mi²  ·  Median household income: $100,850

Typical home value: $367,041  ·  Homeownership: 69.9%

Market Overview

Active Listings
102
⇧ 10.9% vs 92 last year
Pending
51
50% pending ratio
Median Price
$424,950
⇩ 3.1% vs $438,675 last year
Average Price
$484,675
⇧ 7.6% vs $450,385 last year
Days on Market
21
⇩ 16% vs 25 days last year

Price Per Square Foot

Median $/sqft
$267
⇧ 1.1% vs $264/sqft last year
Median Home Size
1,605 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 102 this year vs 92 last year
  • Days on market: 21 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $424,950 (-3.1% YoY)
  • Average: $484,675 (+7.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.0 miles — 616 listings ($385,523,676 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60056Mount Prospect, IL 600560.0 mi74$35,623,970$454,750$481,405
60070Prospect Heights, IL 600702.6 mi34$11,799,564$222,500$347,046
60004Arlington Heights, IL 600043.9 mi79$47,048,450$535,700$595,550
60008Rolling Meadows, IL 600084.6 mi42$12,743,892$260,675$303,426
60018Des Plaines, IL 600185.2 mi32$21,159,840$539,750$661,245
60196Schaumburg, IL 601965.9 mi12$7,143,876$578,990$595,323
60173Schaumburg, IL 601736.1 mi16$6,035,744$321,175$377,234
60025Glenview, IL 600256.3 mi79$79,191,733$597,475$1,002,427
60714Niles, IL 607146.9 mi54$23,390,424$406,150$433,156
60067Palatine, IL 600677.3 mi87$54,347,421$589,750$624,683
60191Wood Dale, IL 601917.4 mi31$12,466,402$361,000$402,142
60143Itasca, IL 601437.8 mi16$8,655,280$518,175$540,955
60015Deerfield, IL 600158.0 mi60$65,917,080$812,000$1,098,618

Frequently Asked Questions

How many homes are for sale in MOUNT PROSPECT, IL 60056?

As of March 2026, there are 102 active listings in MOUNT PROSPECT, IL (zip code 60056), compared to 92 the prior year.

What is the median home price in MOUNT PROSPECT, IL 60056?

The median listing price in MOUNT PROSPECT, IL 60056 is $424,950 as of March 2026, a 3.1% decrease from $438,675 the prior year.

How long do homes stay on the market in MOUNT PROSPECT, IL?

Homes in MOUNT PROSPECT, IL 60056 spend an average of 21 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in MOUNT PROSPECT, IL 60056?

Based on current inventory and days-on-market data as of March 2026, MOUNT PROSPECT, IL 60056 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 25 days last year.

How much can I save on real estate commission in MOUNT PROSPECT, IL?

With SELL123.com's maximum 3% commission, sellers in MOUNT PROSPECT, IL 60056 save an estimated $8,499 compared to a typical 5% commission on the median listing price of $424,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.