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Short Sale Listings in Park Ridge, IL

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Park Ridge, IL Foreclosures

How much do homes sell for in Park Ridge, IL?
The average home price is currently $651,495.
In Park Ridge, IL, how many homes are available?
There are currently 21 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 $78,314,928.
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 an ideal location for families and professionals, offering a suburban lifestyle just outside Chicago. The community features excellent schools, numerous parks, and a vibrant downtown filled with shops and restaurants. With easy access to public transportation and scenic trails, Park Ridge is a perfect blend of convenience and charm.

Current Market Conditions in Park Ridge, IL

The current real estate market in Park Ridge is active with a mixture of single-family homes, townhomes, and condominiums. The demand for housing is strong given the area's excellent school system and proximity to Chicago, which keeps property values relatively high and competitive.

In recent months, there has been a noticeable rise in home prices compared to last year, indicating that Park Ridge remains a sought-after location. Buyers often face multiple offers on well-maintained properties, particularly in family-friendly neighborhoods.

Home Value Estimator For Park Ridge, IL

There are currently 15,578 real estate properties in Park Ridge, IL, with a median automated valuation model (AVM) price of $575,911.00. 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 $651,495.00, with the most expensive house in Park Ridge, IL, topping out at $78,314,928.00 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.

Park Ridge, IL Short Sale Listings

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