Mount Prospect is a village of roughly 55,000 residents built tightly around its Metra stop - new condo and mixed-use construction downtown has followed the transit-oriented growth pattern that's reshaped the area over the past decade.
What Housing Looks Like
Recorded sales over the last 180 days ranged from $88,000 to $880,000, with a median around $435,000 - a real spread across the village's mix of condos and townhomes near downtown and detached single-family homes elsewhere.
Transportation & Access
The Mount Prospect Metra station (13 E. Northwest Highway) sits on the Union Pacific Northwest Line. As of a 2018 ridership count it was the 11th busiest of the system's 236 non-downtown stations, averaging roughly 1,879 weekday boardings.
Parks, Downtown & Amenities
The Mount Prospect Park District received a 2026 Illinois Park and Recreation Association (IPRA) award, and a new recreation center and pool project is currently underway at Lions Park.
Schools
Prospect High School, located in Mount Prospect, is part of Township High School District 214, the second-largest high school district in Illinois. Elementary students are served by Mount Prospect School District 57.
Property Tax & Reassessment
Mount Prospect sits in Wheeling Township, part of Cook County's North Suburbs reassessment triad, which was last reassessed in 2024. The next triennial reassessment for this triad is scheduled for 2027. Source: Cook County Assessor's Office assessment calendar.
For Buyers
Buyers considering Mount Prospect should weigh commute pattern, lot size and housing era, and school district assignment - Michael can walk through recent, subdivision-specific activity for a specific address or neighborhood.
For Sellers
Sellers in Mount Prospect benefit from pricing and preparation calibrated to their specific subdivision rather than a citywide average - see the Seller's Guide for how Michael approaches this.