Prospect Heights, IL housing market
The typical Prospect Heights home is worth about $333,000, up 7.2% in a year, 12% above the Illinois typical home. Homes typically sell in 49 days, close to asking.
Home values, sales, trends and how Prospect Heights compares with the towns next door — updated as new data is published.
Prospect Heights at a glance
A seller's market
Supply is tight — about 2.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Prospect Heights | Illinois |
|---|---|---|
| 2017 | $205,000 | $181,000 |
| 2018 | $211,000 | $190,000 |
| 2019 | $217,000 | $195,000 |
| 2020 | $217,000 | $200,000 |
| 2021 | $224,000 | $215,000 |
| 2022 | $243,000 | $236,000 |
| 2023 | $257,000 | $248,000 |
| 2024 | $287,000 | $263,000 |
| 2025 | $303,000 | $278,000 |
| 2026 | $320,000 | $290,000 |
| August 2026 | $333,000 | $298,000 |
Prospect Heights and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Prospect Heights | $333K | +7.2% | 49 | $85,008 |
| Arlington Heights | $496K | +8.9% | 36 | $116,723 |
| Wheeling | — | — | 40 | $85,205 |
| Mount Prospect | $454K | +7.4% | 41 | $101,720 |
| Glenview | $698K | +10.4% | 33 | $143,056 |
3.9 years of income
The typical Prospect Heights home costs about 3.9 years of the town's median household income, more than across Illinois (3.6 years).
How Prospect Heights ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.