Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $454,000
    1% ( $4,100 ) vs May 2015
  • Median Sales Price
    $395,000
    7% ( $27,500 ) vs May 2015
  • Median Foreclosure Sales Price
    $352,500
    27% ( $76,000 ) vs May 2015
  • Foreclosures 70
    Homes for Sale 163
    Recently Sold 205

Market Summary

There are currently 70 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 163.

In June, the number of properties that received a foreclosure filing in Park Ridge, IL was 44% lower than the previous month and 50% lower than the same time last year.

Home sales for May 2016 were down 67% compared with the previous month, and down 73% compared with a year ago. The median sales price of a non-distressed home was $395,000. The median sales price of a foreclosure home was $352,500, or 11% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$352,500 (Median Foreclosure Sales Price) $276,500 (Median Foreclosure Sales Price) $435,375 (Median Foreclosure Sales Price) $423,750 (Median Foreclosure Sales Price) $380,000 (Median Foreclosure Sales Price) $335,500 (Median Foreclosure Sales Price) $395,000 (Median Sales Price) $367,500 (Median Sales Price) $352,000 (Median Sales Price) $353,500 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price) $352,500 (Median Foreclosure Sales Price) $276,500 (Median Foreclosure Sales Price) $435,375 (Median Foreclosure Sales Price) $423,750 (Median Foreclosure Sales Price) $380,000 (Median Foreclosure Sales Price) $335,500 (Median Foreclosure Sales Price) $395,000 (Median Sales Price) $367,500 (Median Sales Price) $352,000 (Median Sales Price) $353,500 (Median Sales Price) $400,000 (Median Sales Price) $406,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
789
69.6
% (y-o-y)
$258,000
6.7
% (y-o-y)
69.2%
60.9
% (y-o-y)
Des Plaines
30
65.9
% (y-o-y)
$195,000
14.0
% (y-o-y)
16.2%
22.2
% (y-o-y)
Skokie
21
68.2
% (y-o-y)
$305,000
14.6
% (y-o-y)
27.1%
24.9
% (y-o-y)
Melrose Park
18
45.5
% (y-o-y)
$149,500
6.6
% (y-o-y)
29.4%
39.1
% (y-o-y)
Oak Park
15
73.7
% (y-o-y)
$300,000
3.2
% (y-o-y)
47.0%
39.2
% (y-o-y)
Elmwood Park
11
77.1
% (y-o-y)
$238,000
7.0
% (y-o-y)
42.9%
29.7
% (y-o-y)
Bellwood
10
60.0
% (y-o-y)
$127,000
13.4
% (y-o-y)
47.6%
54.5
% (y-o-y)
Morton Grove
10
71.4
% (y-o-y)
$270,000
8.0
% (y-o-y)
76.4%
16.0
% (y-o-y)
Franklin Park
9
60.9
% (y-o-y)
$205,000
65.3
% (y-o-y)
32.7%
5.0
% (y-o-y)
Bensenville
6
53.8
% (y-o-y)
$151,167
8.4
% (y-o-y)
Data not available

Local Info For Park Ridge

Population:
37,115
Cost of Living Index: 130.37
Crime Index: 12.72     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%

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