Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $467,900
    3% ( $12,000 ) vs Mar 2014
  • Median Sales Price
    $351,500
    3% ( $9,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $226,250
    25% ( $73,750 ) vs Mar 2014
  • Foreclosures 100
    Homes for Sale 135
    Recently Sold 248

Market Summary

There are currently 100 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 135.

In April, the number of properties that received a foreclosure filing in Park Ridge, IL was 61% lower than the previous month and 20% higher than the same time last year.

Home sales for March 2015 were down 79% compared with the previous month, and down 80% compared with a year ago. The median sales price of a non-distressed home was $351,500. The median sales price of a foreclosure home was $226,250, or 36% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$226,250 (Median Foreclosure Sales Price) $300,000 (Median Foreclosure 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) $351,500 (Median Sales Price) $342,500 (Median Sales Price) $350,000 (Median Sales Price) $332,550 (Median Sales Price) $345,000 (Median Sales Price) $345,000 (Median Sales Price) $226,250 (Median Foreclosure Sales Price) $300,000 (Median Foreclosure 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) $351,500 (Median Sales Price) $342,500 (Median Sales Price) $350,000 (Median Sales Price) $332,550 (Median Sales Price) $345,000 (Median Sales Price) $345,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,149
62.8
% (y-o-y)
$240,000
2.0
% (y-o-y)
59.2%
63.5
% (y-o-y)
Skokie
33
61.6
% (y-o-y)
$245,500
9.1
% (y-o-y)
16.5%
19.3
% (y-o-y)
Des Plaines
30
70.0
% (y-o-y)
$160,000
18.5
% (y-o-y)
Data not available
Elmwood Park
23
34.3
% (y-o-y)
$176,000
4.6
% (y-o-y)
9.1%
36.7
% (y-o-y)
Forest Park
16
36.0
% (y-o-y)
$89,000
21.2
% (y-o-y)
Data not available
Morton Grove
16
27.3
% (y-o-y)
$238,000
17.8
% (y-o-y)
22.4%
28.6
% (y-o-y)
Oak Park
15
64.3
% (y-o-y)
$310,000
11.3
% (y-o-y)
59.0%
35.7
% (y-o-y)
Melrose Park
15
70.6
% (y-o-y)
$128,250
2.6
% (y-o-y)
11.0%
28.0
% (y-o-y)
Bensenville
12
33.3
% (y-o-y)
$193,750
0.4
% (y-o-y)
34.9%
26.2
% (y-o-y)
Harwood Heights
12
55.6
% (y-o-y)
$247,000
5.6
% (y-o-y)
20.0%
18.4
% (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: 4.70%
Percentage of vacant homes: 6.64%