Condos for Sale in Mount Prospect & Real Estate Listings

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Condos For Sale in Mount Prospect IL

Map of Condos For Sale in Mount Prospect

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Frequently Asked Questions in Mount Prospect Condos Real Estate Market

Get key insights about the Mount Prospect condo market, including pricing, schools, market trends, lifestyle, and investment potential — everything buyers and investors need to know before making a move.

Condos in Mount Prospect range from one‑bedroom units around the $150K mark to larger multi‑bedroom units in the $300K–$400K range. Many buildings include mid‑century and later construction, often in walkable or transit‑adjacent locations.

Public education in Mount Prospect is primarily served by Mount Prospect School District 57, which has many schools rated above average. Strong school options add to appeal for families purchasing condos here.

The median listing price for condos in Mount Prospect is about $260,000, with the market showing moderate days on market and multiple offers in some cases. For the broader area, home values are increasing: median single‑family home value around $425,978, up 5.7% year‑over‑year.

The village has been identified as having a “very competitive” housing market in ZIP code 60056, with homes selling in around 43 days and median sale price approximately $430K. While this is for all housing types, it suggests a competitive environment for well‑priced condo units too.

Average asking rent in Mount Prospect is about $1,878/month, slightly below national rent averages. Investors considering condos should evaluate HOA/association fees, building rules and rental potential.

Condo residents in Mount Prospect benefit from good regional access (to Chicago suburbs and transit options) and a suburban feel with amenities such as parks and shopping. WalkScore for the village is moderate (around 53) indicating some walking access. 

  • Building age, condition and recent renovations (many condos were built mid‑to‑late 20th century). 

  • Association (HOA) fees and rules specific to condo buildings.

  • Location within Mount Prospect (e.g., proximity to transit, major roads, neighborhood amenities).

  • Check rental eligibility and restrictions if planning as an investment.

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