|Fitness Formula Clubs is building a large new gym steps from downtown Park Ridge at 826 West Touhy Avenue. Photo Eric Rojas and Bob DePalma, Brokers, Kale Realty|
We just helped our clients purchase a home in Park Ridge. They are excited to see more major investment meeting demand in a thriving Chicago suburb.
Park Ridge single family home unit sales are up about 23% while median price dipped year to year. 156 single family homes have closed in Park Ridge this year from January 1st to Mat 24th. The median price is $400,000. 128 single family homes closed last year over the same period with a median price of about $421,000.
The slight dip in median price may be attributed to the lower end of the Park Ridge house market moving well this year. More Boomers are selling homes in dated condition and those houses are renovated by the new owners.