Altos Market Data for Realtors

Park Ridge, IL

Single-Family Homes

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Park Ridge, IL

Tue Sep 21 2021
This week the median list price for Park Ridge, IL is $575,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 119. Click here to stay informed with the Park Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Park Ridge, IL

Tue Sep 21 2021
This week the median list price for Park Ridge, IL is $575,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 119. Click here to stay informed with the Park Ridge market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Park Ridge market.
Median List Price $575,000
Median Price of New Listings $564,000
Per Square Foot $252
Average Days on Market 123
Median Days on Market 56
Price Decreased 52%
Price Increased 3%
Relisted 39%
Inventory 119
Median Rent $2,750
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,150,000 4,800 8,000 - 10,000 sqft 5 4 17 5 1 119
$683,750 2,784 6,500 - 8,000 sqft 4 3 65 4 3 56
$499,250 1,883 6,500 - 8,000 sqft 3 2 68 5 5 49
$397,000 1,452 6,500 - 8,000 sqft 3 2 69 4 4 59