Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $472,450
    21% ( $80,700 ) vs Jan 2014
  • Median Sales Price
    $350,000
    5% ( $17,450 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $457,500
    36% ( $120,000 ) vs Jan 2014
  • Foreclosures 115
    Homes for Sale 108
    Recently Sold 333

Market Summary

There are currently 115 properties in Park Ridge, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 108.

In February, the number of properties that received a foreclosure filing in Park Ridge, IL was 47% lower than the previous month and 200% higher than the same time last year.

Home sales for January 2015 were down 13% compared with the previous month, and down 20% compared with a year ago. The median sales price of a non-distressed home was $350,000. The median sales price of a foreclosure home was $457,500, or 31% higher than non-distressed home sales.

Sales Prices - Park Ridge, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$457,500 (Median Foreclosure Sales Price) $337,500 (Median Foreclosure Sales Price) $435,000 (Median Foreclosure Sales Price) $317,500 (Median Foreclosure Sales Price) $305,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Sales Price) $332,550 (Median Sales Price) $345,000 (Median Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price) $457,500 (Median Foreclosure Sales Price) $337,500 (Median Foreclosure Sales Price) $435,000 (Median Foreclosure Sales Price) $317,500 (Median Foreclosure Sales Price) $305,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Sales Price) $332,550 (Median Sales Price) $345,000 (Median Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,256
30.8
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
Des Plaines
94
29.3
% (y-o-y)
$178,000
7.9
% (y-o-y)
29.2%
24.2
% (y-o-y)
Skokie
79
28.8
% (y-o-y)
$272,500
16.5
% (y-o-y)
30.3%
15.4
% (y-o-y)
Morton Grove
40
25.0
% (y-o-y)
$248,250
8.4
% (y-o-y)
24.7%
3.9
% (y-o-y)
Oak Park
39
40.9
% (y-o-y)
$307,500
6.6
% (y-o-y)
62.9%
40.6
% (y-o-y)
Elmwood Park
32
25.6
% (y-o-y)
$175,000
5.6
% (y-o-y)
14.3%
12.5
% (y-o-y)
Melrose Park
31
45.6
% (y-o-y)
$135,000
2.3
% (y-o-y)
7.4%
26.1
% (y-o-y)
Niles
25
13.8
% (y-o-y)
$225,000
6.1
% (y-o-y)
42.2%
15.2
% (y-o-y)
Harwood Heights
22
12.0
% (y-o-y)
$240,000
4.3
% (y-o-y)
19.2%
14.0
% (y-o-y)
Lincolnwood
20
0.0
% (y-o-y)
$315,000
1.6
% (y-o-y)
40.0%
6.5
% (y-o-y)

Local Info For Park Ridge

Population:
37,115
Cost of Living Index: 130.37
Crime Index: 17.73     Rating: A View crime details
Schools: 8    Average School Rating: A View individual school rating
Household Median Income: $85,897
Unemployment: 4.40%
Percentage of vacant homes: 6.64%