Is Mount Prospect, IL 60056 a buyer’s or seller’s market?

The Mount Prospect housing market right now

In the three months ending August 31, 2026, 47% of homes in Mount Prospect, IL 60056 sold above their list price, the typical home went under contract in 46 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 176 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (49% then), homes sold more slowly (39 days then) and the median sale price rose 7% to $469,797. Overall, Mount Prospect is less competitive than a year ago, which gives buyers more room.

Within Cook County, homes here sell faster than in 65% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Mount Prospect ranks #121 of 464 IL ZIP codes with enough sales (score 77 out of 100).

Nearby, buyers who want less competition could look at Thornton 60476 (14% sold over asking) or Chicago 60604 (17% sold over asking), while Golf 60029 (100% sold over asking) and Berkeley 60163 (75% sold over asking) are even more competitive.