Sunday, November 06, 2016

Park Ridge single family home sales, median price up 12.5% since 2013

The hilly, winding streets near Park Ridge "Uptown" and the Park Ridge Metra station.
We have clients looking for a new construction or newly renovated home under $1,000,000 in the "old Park Ridge" neighborhood near shops and transportation. Let's take a look at over-all Park Ridge single family home sales.

408 Park Ridge single family homes have sold  from January 1st to November 4th of this year (recorded on our MLS). The median price of a single family home is about $425,000.  The highest priced sold home is 1000 Vine Ave, Park Ridge, Illinois 60068 for $1,390,000.  The new construction home on a 50'x177' lot is located fairly close to the Edison Park Metra station.

Modest homes in the old Park Ridge neighborhood near the Metra Park Ridge station and Uptown restaurants.
380 homes sold over the same period in 2015 with a median price of about $435,000.  It appears more homes on the lower end were purchased this in 2016 for the purpose of redevelopment and renovation than in 2015. In 2014, 355 single family homes closed over the same period with a median price about $400,000.

In 2013, 384 homes sold with a median price about $378,000.  Median price is up about 12.5% since 2013.

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