Real Estate Market Update for 60068 (Park Ridge, IL)

Video: Real Estate Community Tour for 60068 (Park Ridge, IL)

See Real estate community tour for 60068 (Park Ridge, IL)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 29% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 35%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 390-thousand dollars. The number of units sold increased 84% year-over-year, and increased 14% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 60068 (Park Ridge, IL)
Area Information for 60068 (Park Ridge, IL)
  • Population: 37,641
  • Median Age: 45.74 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 5,306/sq mi
  • Population Change Since 2000: -.68%
  • Closest Airport: Chicago O'hare International
  • Closest College: Westwood College Of Technology-ohare
  • Closest Jr. College: Oakton Community College
  • Median Household Income: $89,616
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $395,000
  • Closest Major Sports Team: Chicago Sky
  • Change Avg. Household Income Since 2000: 24.38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60068 (Park Ridge, IL)
Median Age: 45.74 Married: 49% Number of Households: 14,129 Households with Children: 4,528
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60068 (Park Ridge, IL)

      School Name Distance Type Grades School Rating Parent Rating
      Lincoln Middle School 0.3 mi Public 6-8 5 0
      George B Carpenter Elementary School 0.4 mi Public K-5 5 0
      George Washington Elementary School 0.5 mi Public K-5 5 0
      St Andrews Lutheran School 0.5 mi Private PRESCHOOL-8 0 0
      Pk Ridge Intl Mont School 0.8 mi Private PRESCHOOL-6 0 0
      Montessori Academy Of Illi 0.8 mi Private PRESCHOOL-K 0 0
      St Paul Of The Cross School 0.9 mi Catholic PRESCHOOL-8 0 0
      Jeanine Schultz Memorial School 1.0 mi Private K-4 0 0
      Theodore Roosevelt Elementary School 1.0 mi Public K-5 4 5
      Eugene Field Elementary School 1.1 mi Public K-5 4 0
      Maine South High School 1.2 mi Public 9-12 4 4
      Alternative Resource Center arc 1.3 mi Public 9-12 0 0
      Mary Seat Of Wisdom School 1.4 mi Catholic PRESCHOOL-8 0 0
      Franklin Elementary School 1.5 mi Public K-5 4 0
      Messiah Lutheran Child Care 1.7 mi Private K-K 0 0
      Maine East High School 2.0 mi Public 9-12 4 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 60068 (Park Ridge, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.