Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $391,750
    2% ( $8,150 ) vs Nov 2013
  • Median Sales Price
    $340,000
    1% ( $5,000 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $435,000
    37% ( $117,500 ) vs Nov 2013
  • Foreclosures 121
    Homes for Sale 67
    Recently Sold 420

Market Summary

There are currently 121 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 67.

In December, the number of properties that received a foreclosure filing in Park Ridge, IL was 320% higher than the previous month and 91% higher than the same time last year.

Home sales for November 2014 were down 50% compared with the previous month, and down 14% compared with a year ago. The median sales price of a non-distressed home was $340,000. The median sales price of a foreclosure home was $435,000, or 28% higher than non-distressed home sales.

Sales Prices - Park Ridge, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$435,000 (Median Foreclosure Sales Price) $317,500 (Median Foreclosure 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) $340,000 (Median Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price) $435,000 (Median Foreclosure Sales Price) $317,500 (Median Foreclosure 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) $340,000 (Median Sales Price) $345,000 (Median Sales Price) $380,000 (Median Sales Price) $339,500 (Median Sales Price) $335,000 (Median Sales Price) $350,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,098
30.9
% (y-o-y)
$272,500
4.8
% (y-o-y)
65.1%
65.4
% (y-o-y)
Des Plaines
88
17.0
% (y-o-y)
$178,000
7.9
% (y-o-y)
41.3%
25.3
% (y-o-y)
Skokie
62
23.5
% (y-o-y)
$270,750
16.0
% (y-o-y)
27.0%
27.2
% (y-o-y)
Oak Park
44
38.0
% (y-o-y)
$311,500
2.1
% (y-o-y)
45.7%
52.5
% (y-o-y)
Elmwood Park
39
22.0
% (y-o-y)
$176,750
7.0
% (y-o-y)
14.6%
30.1
% (y-o-y)
Melrose Park
31
34.0
% (y-o-y)
$140,750
11.7
% (y-o-y)
21.8%
25.0
% (y-o-y)
Niles
28
20.0
% (y-o-y)
$230,000
3.0
% (y-o-y)
40.0%
17.1
% (y-o-y)
Morton Grove
24
22.6
% (y-o-y)
$246,750
3.2
% (y-o-y)
18.5%
12.5
% (y-o-y)
Franklin Park
23
4.5
% (y-o-y)
$150,000
15.4
% (y-o-y)
20.5%
7.7
% (y-o-y)
Harwood Heights
16
38.5
% (y-o-y)
$244,000
5.2
% (y-o-y)
33.4%
6.9
% (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: 4.40%
Percentage of vacant homes: 6.64%