All Home Types
Park Ridge, IL Housing Market
What is the housing market like in Park Ridge today?
In October 2024, Park Ridge home prices were down 12.7% compared to last year, selling for a median price of $533K. On average, homes in Park Ridge sell after 40 days on the market compared to 52 days last year. There were 30 homes sold in October this year, down from 36 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$532,500
-12.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Park Ridge, IL
$532,500
-12.7%
United States
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Park Ridge Migration & Relocation Trends
In Sep '24 - Nov '24, 14% of Park Ridge homebuyers searched to move out of Park Ridge, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Park Ridge from outside metros.
- New York homebuyers searched to move into Park Ridge more than any other metro followed by Peoria and St. Louis.
Where are people moving to Park Ridge from?
- 86% of Park Ridge homebuyers searched to stay within the Park Ridge metropolitan area.
- Cape Coral was the most popular destination among Park Ridge homebuyers followed by Milwaukee and South Bend.
Where are people from Park Ridge moving to?
Number of People Moving to Park Ridge
least
most
People are moving to Park Ridge from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 2,027 | ||
| 2 | 1,058 | ||
| 3 | 865 | ||
| 4 | 636 | ||
| 5 | 626 | ||
| 6 | 501 | ||
| 7 | 397 | ||
| 8 | 334 | ||
| 9 | 196 | ||
| 10 | 192 | ||
People are leaving Park Ridge for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 1,343 | ||
| 2 | 1,227 | ||
| 3 | 1,217 | ||
| 4 | 973 | ||
| 5 | 834 | ||
| 6 | 664 | ||
| 7 | 608 | ||
| 8 | 603 | ||
| 9 | 599 | ||
| 10 | 593 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Park Ridge.
Provided by First Street Foundation
Transportation in Park Ridge
Learn about the walkability, bikeability, and transit-friendliness of Park Ridge
Somewhat Walkable
Walk Score®
Some Transit
Transit Score®
Bikeable
Bike Score®
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