Park Ridge, IL Home Values & Market Trends
Real estate market trends reflect that there have been 638 transactions over the past year in Park Ridge. The median value for residential home transactions that occurred over the previous year is $496,562.79. The number of current listings in Park Ridge is 18, and the percentage of properties for sale in the city is 18.00%. Park Ridge, IL currently has 26 properties in foreclosure, 1 bank owned properties, 3 properties headed for auction, and 18 properties for sale.
Park Ridge, IL Real Estate Market Overview
Zip | Median Est. Value |
---|---|
60068 | $ 558,472 $ 293/sqft |
Housing Market Summary for Park Ridge, IL
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $457.4K | $484.8K | 5.98% |
Median Sold Price | $464.8K | $484.8K | 4.30% |
Homes For Sale | 10 | 10 | - |
Homes Sold | 464 | 383 | -17.46% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Park Ridge, IL
Browse Homes in Park Ridge, IL
Park Ridge home values range from $44,410 to $3,294,045. The median estimated value of a home in Park Ridge is $496,562.79. The median list price of a home is 609,500, and the total count of properties in the city is 14,724.
- Pre-ForeclosurePre-foreclosure homes account for 0.15% of all residential properties in Park Ridge, IL with 60068 containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Park Ridge, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $972,000 in 60068 to the lowest home value of $159,333 in 60068.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Park Ridge, IL ranges from the highest value of $440,277 in 60068 to the lowest value of $440,277 in 60068. Bank owned homes and properties account for 0.01% of properties in Park Ridge, IL. There is 1 zips within Park Ridge, IL; 60068 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60068 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Park Ridge, IL. Auction homes and other auction properties account for 0.02% of all properties in Park Ridge, IL. There is 1 zips within Park Ridge, IL; of that zips, the median estimated home value for homes going to auction ranges from $619,500 in 60068 to the lowest value of $298,237 in 60068.
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