Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $472,900
    1% ( $5,000 ) vs Apr 2014
  • Median Sales Price
    $306,000
    13% ( $45,500 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $197,000
    13% ( $29,250 ) vs Apr 2014
  • Foreclosures 98
    Homes for Sale 150
    Recently Sold 192

Market Summary

There are currently 98 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 150.

In May, the number of properties that received a foreclosure filing in Park Ridge, IL was 33% lower than the previous month and 38% lower than the same time last year.

Home sales for April 2015 were up 50% compared with the previous month, and down 82% compared with a year ago. The median sales price of a non-distressed home was $306,000. The median sales price of a foreclosure home was $197,000, or 36% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$197,000 (Median Foreclosure 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) $306,000 (Median 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) $197,000 (Median Foreclosure 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) $306,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,681
59.3
% (y-o-y)
$250,000
4.2
% (y-o-y)
61.2%
65.5
% (y-o-y)
Des Plaines
56
61.6
% (y-o-y)
$156,500
15.9
% (y-o-y)
2.6%
29.3
% (y-o-y)
Elmwood Park
37
27.5
% (y-o-y)
$200,750
4.7
% (y-o-y)
20.0%
25.7
% (y-o-y)
Skokie
33
70.8
% (y-o-y)
$226,000
0.0
% (y-o-y)
14.4%
24.8
% (y-o-y)
Oak Park
29
71.8
% (y-o-y)
$290,000
3.3
% (y-o-y)
45.6%
60.0
% (y-o-y)
Melrose Park
25
45.7
% (y-o-y)
$140,000
21.7
% (y-o-y)
19.3%
20.0
% (y-o-y)
Bellwood
20
47.4
% (y-o-y)
$95,500
19.4
% (y-o-y)
48.2%
32.5
% (y-o-y)
Niles
18
47.1
% (y-o-y)
$215,000
2.3
% (y-o-y)
9.1%
9.1
% (y-o-y)
Franklin Park
13
40.9
% (y-o-y)
$139,000
1.4
% (y-o-y)
22.3%
27.1
% (y-o-y)
Harwood Heights
12
57.1
% (y-o-y)
$247,000
1.8
% (y-o-y)
28.5%
21.3
% (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: 4.50%
Percentage of vacant homes: 6.64%