Prospect Heights, IL Housing Market

$350,544

5.3% 1-yr

The average Prospect Heights, IL home value is $350,544, up 5.3% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Prospect Heights Key Takeaways

Typical Home Values: $350,544

1-year Value Change: +5.3%

(Data through November 30, 2025)

Prospect Heights Housing Market Overview

--1-year Market Forecast

39For sale inventory(November 30, 2025)

15New listings(November 30, 2025)

--Median sale to list ratio

--Median sale price(October 31, 2025)

$314,333Median list price(November 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Prospect Heights

NameMedian ZHVI
Scarsdale$598,556
Golden Acres$490,217
Courtland Park$324,838
Ballard Terrace$354,855
Ransom Ridge$487,428
Washington Park$365,588
Oak Park$427,451
Emerson Place$491,172
Oakton Manor$393,979

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Prospect Heights Rental Market Trends

$1,595Average rent in Prospect Heights(November 30, 2025)

$1,925National average rent(November 30, 2025)

-2.4%Month-over-month change(November 30, 2025)

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.