The Park Ridge housing market is somewhat competitive. Homes in Park Ridge receive 7 offers on average and sell in around 50 days. The median sale price of a home in Park Ridge was $601K last month, up 4.5% since last year. The median sale price per square foot in Park Ridge is $298, down 2.6% since last year.
What is the housing market like in Park Ridge today?
In July 2025, Park Ridge home prices were up 4.5% compared to last year, selling for a median price of $601K. On average, homes in Park Ridge sell after 50 days on the market compared to 44 days last year. There were 42 homes sold in July this year, down from 48 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$601,250
+4.5% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Park Ridge, IL
$601,250
+4.5%
United States
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How hot is the Park Ridge housing market?
Park Ridge is somewhat competitive. Homes sell in 49 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 49 days.
Hot homes
can sell for about 3% above list price and go pending in around 28 days.
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.
Home offer insights for Park Ridge
Explore recent offers and recently sold homes in Park Ridge
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Park Ridge housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Park Ridge.
Flood Factor - Minor
26% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Park Ridge has a minor risk of flooding. 1,044 properties in Park Ridge are likely to be
severely affected
by flooding over the next 30 years. This represents 26% of all properties in Park Ridge. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Park Ridge has a moderate risk of wildfire. There are 34 properties in Park Ridge that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Park Ridge.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Park Ridge has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Park Ridge is most at risk from hurricanes. 13,479 properties in Park Ridge have some risk of being in a severe wind event within the next 30 years.