Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $399,900
    7% ( $30,000 ) vs Oct 2013
  • Median Sales Price
    $345,000
    9% ( $35,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $317,500
    4% ( $12,500 ) vs Oct 2013
  • Foreclosures 119
    Homes for Sale 59
    Recently Sold 496

Market Summary

There are currently 119 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 59.

In November, the number of properties that received a foreclosure filing in Park Ridge, IL was 55% lower than the previous month and 74% lower than the same time last year.

Home sales for October 2014 were up 27% compared with the previous month, and up 27% compared with a year ago. The median sales price of a non-distressed home was $345,000. The median sales price of a foreclosure home was $317,500, or 8% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$317,500 (Median Foreclosure Sales Price) $305,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $343,500 (Median Foreclosure Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price) $317,500 (Median Foreclosure Sales Price) $305,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $350,000 (Median Foreclosure Sales Price) $343,500 (Median Foreclosure Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,435
20.1
% (y-o-y)
$280,000
5.7
% (y-o-y)
62.5%
65.7
% (y-o-y)
Des Plaines
153
9.3
% (y-o-y)
$190,000
15.2
% (y-o-y)
37.1%
38.8
% (y-o-y)
Skokie
121
21.0
% (y-o-y)
$275,000
16.3
% (y-o-y)
26.9%
25.7
% (y-o-y)
Oak Park
103
39.2
% (y-o-y)
$320,000
3.4
% (y-o-y)
40.6%
64.1
% (y-o-y)
Elmwood Park
70
11.1
% (y-o-y)
$194,000
14.1
% (y-o-y)
21.6%
29.4
% (y-o-y)
Melrose Park
67
9.5
% (y-o-y)
$135,000
6.5
% (y-o-y)
21.9%
25.8
% (y-o-y)
Morton Grove
57
72.7
% (y-o-y)
$242,500
4.9
% (y-o-y)
Data not available
Niles
49
8.9
% (y-o-y)
$250,500
6.6
% (y-o-y)
39.3%
45.7
% (y-o-y)
Harwood Heights
39
35.0
% (y-o-y)
$247,500
7.6
% (y-o-y)
33.4%
6.6
% (y-o-y)
Bellwood
38
17.4
% (y-o-y)
$106,500
8.1
% (y-o-y)
44.6%
49.7
% (y-o-y)

Local Info For Park Ridge

Population:
37,115
Cost of Living Index: 130.37
Crime Index: 33.06     Rating: A- View crime details
Schools: 8    Average School Rating: A View individual school rating
Household Median Income: $85,897
Unemployment: 5.00%
Percentage of vacant homes: 6.64%