Mount Prospect Market Report
90-day market data from Chicago MLS — updated February 10, 2026
Source: MRED MLS, 90-day sold data. Updated February 10, 2026.
Example 2.5% commission on the Mount Prospect median of $475K = $11,919. Net Gain's flat fee = $1,995.
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Price Band Breakdown
Where buyers are actually competing in Mount Prospect
| Price Range | Sold | Avg Days | Sale-to-List | Active |
|---|---|---|---|---|
| $550K-$600K Strongest Demand | 11 | 6d | 101% | 4 |
| $400K-$450K | 8 | 15d | 100% | 2 |
| $500K-$550K | 8 | 27d | 101% | 3 |
| $450K-$500K | 16 | 8d | 98% | 4 |
| $350K-$400K | 8 | 18d | 98% | 2 |
The $550K-$600K range shows the strongest buyer demand with 11 sales averaging 6 days to contract at 101% of asking. Currently 4 active listings competing.
Market Velocity
How fast the Mount Prospect market is moving
28% of active listings have taken price cuts, suggesting some sellers initially overpriced.
The median time to contract is 8 days, with motivated buyers moving within 4 days on well-priced listings.
With 0.8 months of inventory, this remains a seller's market where properly positioned listings have leverage.
What This Means for Your Listing
Commission savings at the Mount Prospect median
In a market where correctly priced homes sell in 8 days, the listing agent's job is clear: accurate pricing, professional marketing, and responsive transaction management. These are execution tasks—and you should decide what they're worth.
At $475K, that's $9,924 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.
Or send your address to matthew@netgain.realty for a property-specific analysis
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