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Park Ridge Real Estate Market Update - June 2015

Real Estate Market Trend For Park Ridge, Illinois  

Now is a great time to make the move and live in Park Ridge, IL.

Currently there are 269 homes for sale in Park Ridge, Illinois with an average listing price of $573,389.

There were 560 properties sold in past 12 months with an average sale price of $426,402.

The highest sold price was $2,350,000. 82 days is an average market time.  

134 properties are under contract with an average listing price of $488,349.

FORECLOSURES/REO , SHORT SALES VS. TRADITIONAL HOME SALES IN PARK RIDGE

There are 6 foreclosed sold homes on the market today compared to 15 in 2013. 

Short sale inventory is much smaller compared to 2013. There were 40 short sales in 2013 compared to 16 in 2015.

15 REO foreclosured homes were available in 2013 while 6 are on the market today. 

The table below shows the inventory of distressed properties and traditional sales~

Park Ridge Real Estate Trends 2015

If you are looking to buy or sell a home, or purchase new construction in Park Ridge, IL or Chicago's North Shore and Northwest Suburbs, contact me today @ 847-878-2588 ! 

What is your home worth ? ASK me for FREE comparable market analysis.

Homes on the market in Park Ridge today 

Park Ridge, IL Real Estate Blog