Park Ridge, IL Foreclosures
How much do homes sell for in Park Ridge, IL?
The average home price is currently $645,387.
In Park Ridge, IL, how many homes are available?
There are currently 107 active home listings available in Park Ridge.
What’s the average rental cost in Park Ridge, IL?
The average rental price in Park Ridge is $2,493.
What is the most expensive home in Park Ridge?
The most expensive home sold in Park Ridge had a price of $78,000,024.
What is currently the cheapest priced home in Park Ridge, IL?
The cheapest home for sale in Park Ridge is priced at $13,893.
Living in Park Ridge, IL
Park Ridge, IL, is a picturesque suburb characterized by its lush greenery and family-oriented community. With top-rated schools, an array of parks, and a vibrant downtown area, it offers residents a perfect blend of suburban life and urban convenience. Ideal for families or anyone seeking a peaceful setting with close access to Chicago.
Current Market Conditions in Park Ridge, IL
The Park Ridge real estate market is currently experiencing steady growth, with a strong demand for single-family homes. This demand has been largely driven by the area's excellent schools, low crime rates, and affluent demographic. Homes are selling quickly, often above asking price, contributing to an increase in property values.
Recently, there has been an uptick in new construction and remodeling projects as homeowners seek to modernize while remaining in this desirable community. The market remains competitive, with buyers needing to act quickly to secure their desired properties, particularly in popular neighborhoods.
Home Value Estimator For Park Ridge, IL
There are currently 15,587 real estate properties
in Park Ridge, IL,
with a median automated valuation model (AVM) price
of $572,172.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Park Ridge, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Park Ridge, IL,
is $645,387.00, with the most expensive house
in Park Ridge, IL, topping out
at $78,000,024.00 and the cheapest home
in Park Ridge, IL,
clocking in at $13,893.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Park Ridge, IL!
Rent Prices
In Park Ridge, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Park Ridge, IL, is on
a rollercoaster ride. The
average rent price in Park Ridge, IL,
is $2,493.00. Indeed, when looking to rent in
Park Ridge, IL, you can expect to pay as little
as $780.00 or as much
as $4,540.00,
with the average rent median estimated to
be $2,470.00. The good news is that finding
an affordable and desirable property to rent in Park Ridge, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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