Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $429,900
    0% ( $100 ) vs Sep 2013
  • Median Sales Price
    $382,500
    13% ( $43,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $305,000
    13% ( $45,000 ) vs Sep 2013
  • Foreclosures 119
    Homes for Sale 22
    Recently Sold 483

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 22.

In October, the number of properties that received a foreclosure filing in Park Ridge, IL was 21% lower than the previous month and 0% higher than the same time last year.

Home sales for September 2014 were up 58% compared with the previous month, and up 47% compared with a year ago. The median sales price of a non-distressed home was $382,500. The median sales price of a foreclosure home was $305,000, or 20% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$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) $282,500 (Median Foreclosure Sales Price) $382,500 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price) $355,000 (Median 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) $282,500 (Median Foreclosure Sales Price) $382,500 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price) $370,000 (Median Sales Price) $355,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,445
3.5
% (y-o-y)
$290,000
5.8
% (y-o-y)
65.5%
67.7
% (y-o-y)
Des Plaines
127
19.6
% (y-o-y)
$190,000
8.6
% (y-o-y)
18.4%
40.3
% (y-o-y)
Skokie
112
1.8
% (y-o-y)
$275,500
14.8
% (y-o-y)
27.2%
29.4
% (y-o-y)
Oak Park
98
3.9
% (y-o-y)
$340,000
4.8
% (y-o-y)
41.2%
74.3
% (y-o-y)
Elmwood Park
72
10.0
% (y-o-y)
$208,000
23.4
% (y-o-y)
18.3%
34.1
% (y-o-y)
Niles
62
31.9
% (y-o-y)
$244,000
3.8
% (y-o-y)
15.9%
48.1
% (y-o-y)
Melrose Park
57
23.0
% (y-o-y)
$135,000
7.1
% (y-o-y)
34.1%
24.6
% (y-o-y)
Morton Grove
52
31.6
% (y-o-y)
$249,000
1.6
% (y-o-y)
19.5%
11.8
% (y-o-y)
Harwood Heights
43
8.5
% (y-o-y)
$250,500
8.9
% (y-o-y)
32.1%
8.2
% (y-o-y)
Bellwood
30
25.0
% (y-o-y)
$101,000
6.3
% (y-o-y)
41.6%
51.6
% (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: 4.90%
Percentage of vacant homes: 6.64%