Current Price

$298,397

1 Month Forecast

â–² $368,978

1-Year Forecast *

â–² $396,342

5-Year Forecast *

â–² $523,440

"Is it a good time to buy homes in Prospect Heights?" "Does investing in real estate in Prospect Heights (Illinois State, Cook County) worth it?" According to our live Forecast System, buying a house in Prospect Heights is a very good short-term (1-year) investment*. The Prospect Heights average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Prospect Heights" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Prospect Heights in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Prospect Heights can be a profitable property investment option. The median price of an average house in Prospect Heights was 298,397 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Prospect Heights" area is 523,440 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +75.42% meaning that investing 100000 USD today may yield a profit of 75,417 USD by 2031.

Current Median Listing Price: 298,397 USD Median Listing Price Per Square Foot: 166 USD

Prospect Heights Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Prospect Heights (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Prospect Heights Price Target

Prospect Heights median home price target in 12 months: $396,342* (upside of 32.8%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $356,673 $364,762 $356,673 $364,762
2024 $283,896 $298,397 $283,896 $298,397
2023 $254,690 $282,728 $253,003 $282,728
2022 $240,761 $255,198 $240,761 $255,198
2021 $222,236 $239,104 $222,236 $239,104
2020 $215,010 $220,952 $215,010 $220,952
2019 $215,002 $214,440 $214,156 $215,901
2018 $209,203 $215,350 $209,203 $216,614
2017 $202,779 $208,607 $202,779 $209,966
2016 $194,240 $201,645 $194,240 $201,645
2015 $180,310 $192,492 $180,310 $192,492
2014 $162,628 $179,802 $162,628 $179,802
2013 $138,690 $160,633 $138,690 $160,633
2012 $145,442 $137,106 $136,628 $145,442

Questions & Answers about the Prospect Heights Housing Market Forecast

How much does an average home cost in Prospect Heights today?

The value of an average home (the listing price) in Prospect Heights is $298,397 USD.

What is the average price per square foot in Prospect Heights?

According to Walletinvestor the median price per square foot in Prospect Heights is 166 USD.

Will the median listing price of homes in Prospect Heights grow / rise / go up?

Yes. The Prospect Heights home prices may rise from 298,397 USD to 396,342 USD in one year.

Is it profitable to invest in Prospect Heights homes?

Yes. The long-term profit potential is +32.82% in one year.

Will Prospect Heights house prices fall / drop?

No. See above.

What is the predicted price of a Prospect Heights home in 2030?

The predicted home sales price of a Prospect Heights home in 2030 in Prospect Heights is 492,732 USD.

What is the predicted price of a Prospect Heights home in 2035?

The predicted home sales price of a Prospect Heights home in 2035 in Prospect Heights is 706,592 USD.

Will real estate prices decrease in Prospect Heights?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Prospect Heights is the 3687. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Prospect Heights decreased, looking at the past 12 months.

According to Walletinvestor's Prospect Heights real estate market research, home values will increase in the next 12 months.

Median home values decreased by 17.422% to 298,397 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 34.034% in 2021
  • 31.874% in 2022
  • 32.354% in 2023
  • 32.814% in 2024
  • 34.334% in 2025
  • 32.664% in 2026

Based on our Prospect Heights real estate market research and report the predicted sales prices will increase by 1,609.095% in the next 10 years.

Over the last 12 months, the value of homes in Prospect Heights fluctuated: increasing 4 times .

Prospect Heights (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Prospect Heights Housing Market Forecast with Real Estate Prices for 2025
August 2025 368978 334294 403662
September 2025 372446 337436 407456
October 2025 376193 352493 399894
November 2025 380018 360257 399779
December 2025 383012 355435 410589
Prospect Heights Housing Market Forecast with Real Estate Prices for 2026
January 2026 383789 349248 418330
February 2026 383523 350924 416123
March 2026 383870 356615 411125
April 2026 385459 360790 410129
May 2026 388131 355916 420346
June 2026 391743 368238 415247
July 2026 396342 369391 423294
August 2026 402351 376600 428101
September 2026 406576 382995 430158
October 2026 409428 369304 449552
November 2026 409832 369668 449995
December 2026 409478 382043 436913
Prospect Heights Housing Market Forecast with Real Estate Prices for 2027
January 2027 408801 382638 434964
February 2027 408578 371397 445758
March 2027 410022 379270 440774
April 2027 411400 379311 443489
May 2027 410581 383893 437269
June 2027 408426 367992 448861
July 2027 407861 373600 442121
August 2027 410868 389092 432644
September 2027 416523 395697 437349
October 2027 422837 396198 449476
November 2027 429247 395336 463157
December 2027 435754 410916 460592
Prospect Heights Housing Market Forecast with Real Estate Prices for 2028
January 2028 440868 407803 473933
February 2028 445504 401399 489609
March 2028 450150 423141 477159
April 2028 453935 421706 486164
May 2028 455810 422536 489084
June 2028 457040 424133 489947
July 2028 459207 426145 492270
August 2028 463164 426574 499753
September 2028 466152 423732 508572
October 2028 467841 432753 502929
November 2028 468842 432272 505411
December 2028 470716 425056 516375
Prospect Heights Housing Market Forecast with Real Estate Prices for 2029
January 2029 473120 427700 518539
February 2029 475200 449539 500861
March 2029 476916 436378 517454
April 2029 479091 441243 516939
May 2029 486354 445014 527694
June 2029 489859 449691 530028
July 2029 492732 449864 535599
August 2029 494159 468463 519856
September 2029 494926 449888 539964
October 2029 495441 448374 542507
November 2029 497384 458588 536180
December 2029 503133 471939 534327
Prospect Heights Housing Market Forecast with Real Estate Prices for 2030
January 2030 507863 459616 556110
February 2030 512972 471934 554010
March 2030 518187 483468 552905
April 2030 522270 488322 556217
May 2030 523329 486696 559963
June 2030 522967 485313 560621
July 2030 523440 496744 550135
August 2030 525607 484084 567130
September 2030 529250 496436 562063
October 2030 534175 486633 581716
November 2030 540447 492347 588547
December 2030 548640 505297 591982
Prospect Heights Housing Market Forecast with Real Estate Prices for 2031
January 2031 554402 515039 593764
February 2031 558291 515861 600721
March 2031 558841 528105 589577
April 2031 558358 525415 591301
May 2031 557435 504479 610391
June 2031 557131 517574 596687
July 2031 559100 503749 614451
August 2031 560979 512735 609223
September 2031 559863 511155 608571
October 2031 556924 526293 587555
November 2031 556153 507212 605095
December 2031 560254 527759 592749
Prospect Heights Housing Market Forecast with Real Estate Prices for 2032
January 2032 567964 516848 619081
February 2032 576574 525259 627890
March 2032 585315 553123 617507
April 2032 594188 544871 643506
May 2032 601161 553670 648653
June 2032 607483 569211 645754
July 2032 613818 573306 654330

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.