Park Ridge Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $474,900
    0% ( $2,000 ) vs May 2014
  • Median Sales Price
    $365,000
    19% ( $59,000 ) vs May 2014
  • Median Foreclosure Sales Price
    $265,000
    35% ( $68,000 ) vs May 2014
  • Foreclosures 101
    Homes for Sale 157
    Recently Sold 144

Market Summary

There are currently 101 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 157.

In June, the number of properties that received a foreclosure filing in Park Ridge, IL was 25% higher than the previous month and 44% lower than the same time last year.

Home sales for May 2015 were up 233% compared with the previous month, and down 43% compared with a year ago. The median sales price of a non-distressed home was $365,000. The median sales price of a foreclosure home was $265,000, or 27% lower than non-distressed home sales.

Sales Prices - Park Ridge, IL




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$265,000 (Median Foreclosure 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) $365,000 (Median 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) $265,000 (Median Foreclosure 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) $365,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,591
29.0
% (y-o-y)
$276,500
0.5
% (y-o-y)
60.9%
65.8
% (y-o-y)
Des Plaines
88
26.7
% (y-o-y)
$171,000
8.9
% (y-o-y)
22.2%
39.2
% (y-o-y)
Skokie
66
24.1
% (y-o-y)
$266,250
9.3
% (y-o-y)
24.9%
30.2
% (y-o-y)
Oak Park
57
27.8
% (y-o-y)
$310,000
5.7
% (y-o-y)
39.2%
48.1
% (y-o-y)
Elmwood Park
48
4.3
% (y-o-y)
$222,500
18.4
% (y-o-y)
29.7%
46.3
% (y-o-y)
Morton Grove
35
2.9
% (y-o-y)
$250,000
13.6
% (y-o-y)
16.0%
11.4
% (y-o-y)
Melrose Park
33
34.0
% (y-o-y)
$161,000
24.3
% (y-o-y)
39.4%
27.4
% (y-o-y)
Niles
30
14.3
% (y-o-y)
$231,000
5.0
% (y-o-y)
13.4%
20.5
% (y-o-y)
Bellwood
25
47.1
% (y-o-y)
$112,000
1.8
% (y-o-y)
54.5%
45.9
% (y-o-y)
Franklin Park
23
28.1
% (y-o-y)
$124,000
22.5
% (y-o-y)
5.0%
40.6
% (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: 4.70%
Percentage of vacant homes: 6.64%