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MOUNT PROSPECT, IL 60056

Real Estate Market Report  ·  Cook County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
59
⇩ 18.1% vs 72 last year
Pending
30
51% pending ratio
Median Price
$450,000
⇧ 20.8% vs $372,450 last year
Average Price
$472,165
⇧ 24.3% vs $379,802 last year
Days on Market
34
⇩ 12.8% vs 39 days last year

Market Context

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

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

Market Analysis

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

The MOUNT PROSPECT, IL real estate market (60056) currently shows 59 active listings, with 30 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 39 days last year.

The median listing price has risen 20.8% year-over-year, from $372,450 to $450,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 72 last year
  • Days on market: 34 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $450,000 (+20.8% YoY)
  • Average: $472,165 (+24.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.0 miles — 536 listings ($325,105,553 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60056Mount Prospect, IL 600560.0 mi59$27,857,735$450,000$472,165
60070Prospect Heights, IL 600702.6 mi34$11,828,566$249,500$347,899
60004Arlington Heights, IL 600043.9 mi56$39,411,960$574,950$703,785
60008Rolling Meadows, IL 600084.6 mi30$9,001,980$229,900$300,066
60018Des Plaines, IL 600185.2 mi34$20,165,094$487,450$593,091
60196Schaumburg, IL 601965.9 mi6$3,573,366$585,990$595,561
60173Schaumburg, IL 601736.1 mi11$3,513,246$230,000$319,386
60025Glenview, IL 600256.3 mi79$69,381,592$489,900$878,248
60714Niles, IL 607146.9 mi53$22,573,654$375,000$425,918
60067Palatine, IL 600677.3 mi80$49,351,040$568,500$616,888
60191Wood Dale, IL 601917.4 mi32$12,040,000$327,450$376,250
60143Itasca, IL 601437.8 mi17$9,939,645$549,000$584,685
60015Deerfield, IL 600158.0 mi45$46,467,675$759,450$1,032,615

Frequently Asked Questions

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

As of January 2026, there are 59 active listings in MOUNT PROSPECT, IL (zip code 60056), compared to 72 the prior year.

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

The median listing price in MOUNT PROSPECT, IL 60056 is $450,000 as of January 2026, a 20.8% increase from $372,450 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 34 days on the market before going under contract, compared to 39 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 January 2026, MOUNT PROSPECT, IL 60056 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 34 days on market compared to 39 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 $9,000 compared to a typical 5% commission on the median listing price of $450,000. 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.