Real Estate Market Update for Park Ridge, IL

Video: Real Estate Community Tour for Park Ridge, IL

See Real estate community tour for Park Ridge, IL
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 22% from one year earlier, and down 4% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 72%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 350-thousand dollars. The number of units sold increased 43% year-over-year, and decreased 25% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Park Ridge, IL
Area Information for Park Ridge, IL
  • Population: 37,393
  • Median Age: 45.54 yr
  • Median Commute Time: 26 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 5,274/sq mi
  • Population Change Since 2000: -1.12%
  • Closest Airport: Chicago O'hare International
  • Closest College: Westwood College Of Technology-ohare
  • Closest Jr. College: Oakton Community College
  • Median Household Income: $88,291
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $365,000
  • Closest Major Sports Team: Chicago Cubs
  • Change Avg. Household Income Since 2000: 21.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Park Ridge, IL
Median Age: 45.54 Married: 48% Number of Households: 14,038 Households with Children: 4,591
    • 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 Park Ridge, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Lincoln Middle School 0.3 mi Public 6-8 5 4
      George B Carpenter Elementary School 0.4 mi Public K-5 3-5 4
      George Washington Elementary School 0.5 mi Public K-5 4 4
      St Andrews Lutheran School 0.5 mi Private PRESCHOOL-8 0 4
      Montes Academy Of Illi 0.8 mi Private PRESCHOOL-K 0 0
      St Paul Of The Cross School 0.9 mi Catholic PRESCHOOL-8 0 4
      Jeanine Schultz Memorial School 1.0 mi Private K-4 0 0
      Arthur E Welby Hall 1.0 mi Private K-12 0 0
      Theodore Roosevelt Elementary School 1.0 mi Public K-5 4-5 4
      Eugene Field Elementary School 1.1 mi Public K-5 4-5 5
      Alternative Resource Center arc 1.2 mi Public 9-12 0 0
      Maine South High School 1.2 mi Public 9-12 5 4
      Mary Seat Of Wisdom School 1.3 mi Catholic PRESCHOOL-8 0 4
      Franklin Elementary School 1.5 mi Public K-5 5 5
      Messiah Lutheran Child Care 1.7 mi Private K-K 0 0
      Maine East High School 2.0 mi Public 9-12 3 4
      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: and Onboard Informatics © 2015
      Local Weather for Park Ridge, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.