Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $424,900
    6% ( $25,000 ) vs May 2013
  • Median Sales Price
    $370,000
    4% ( $15,000 ) vs May 2013
  • Median Foreclosure Sales Price
    $343,500
    22% ( $61,000 ) vs May 2013
  • Foreclosures 138
    Homes for Sale 94
    Recently Sold 461

Market Summary

There are currently 138 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 94.

In June, the number of properties that received a foreclosure filing in Park Ridge, IL was 38% higher than the previous month and 18% lower than the same time last year.

Home sales for May 2014 were up 13% compared with the previous month, and down 4% compared with a year ago. The median sales price of a non-distressed home was $370,000. The median sales price of a foreclosure home was $343,500, or 7% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$343,500 (Median Foreclosure Sales Price) $282,500 (Median Foreclosure Sales Price) $222,500 (Median Foreclosure Sales Price) $230,000 (Median Foreclosure Sales Price) $235,750 (Median Foreclosure Sales Price) $247,500 (Median Foreclosure Sales Price) $370,000 (Median Sales Price) $355,000 (Median Sales Price) $335,000 (Median Sales Price) $348,000 (Median Sales Price) $370,250 (Median Sales Price) $346,000 (Median Sales Price) $343,500 (Median Foreclosure Sales Price) $282,500 (Median Foreclosure Sales Price) $222,500 (Median Foreclosure Sales Price) $230,000 (Median Foreclosure Sales Price) $235,750 (Median Foreclosure Sales Price) $247,500 (Median Foreclosure Sales Price) $370,000 (Median Sales Price) $355,000 (Median Sales Price) $335,000 (Median Sales Price) $348,000 (Median Sales Price) $370,250 (Median Sales Price) $346,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Des Plaines
120
9.1
% (y-o-y)
$158,750
8.0
% (y-o-y)
39.8%
12.4
% (y-o-y)
Skokie
87
1.2
% (y-o-y)
$243,500
6.8
% (y-o-y)
30.2%
37.8
% (y-o-y)
Oak Park
79
27.5
% (y-o-y)
$328,750
1.3
% (y-o-y)
48.1%
55.9
% (y-o-y)
Melrose Park
50
9.1
% (y-o-y)
$129,500
17.7
% (y-o-y)
27.4%
11.8
% (y-o-y)
Elmwood Park
46
39.5
% (y-o-y)
$188,000
24.7
% (y-o-y)
46.3%
18.1
% (y-o-y)
Niles
35
30.0
% (y-o-y)
$220,000
21.7
% (y-o-y)
20.5%
1.2
% (y-o-y)
Morton Grove
34
6.3
% (y-o-y)
$220,000
6.3
% (y-o-y)
Data not available
Franklin Park
32
5.9
% (y-o-y)
$160,000
18.5
% (y-o-y)
40.6%
29.6
% (y-o-y)
Harwood Heights
30
23.1
% (y-o-y)
$242,000
15.2
% (y-o-y)
22.7%
15.7
% (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: 5.60%
Percentage of vacant homes: 6.64%