Housing in Park Ridge, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$577,500
Median List Price
$490,000
Price Per Sq Ft
$290
Days on Market
32
Active Inventory
61
Months of Supply
3.4
Seller's market
Zillow Home Value
$538,939
ZHVI — January 2026
Zillow Rent Index
$2,677
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
38.9%
Off Market in 2 Weeks
24.0%
Sale-to-List Ratio
98.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
18
New Listings
23
Pending Sales
25
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$290
Median List $/SF
$285
Park Ridge vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Park Ridge is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$539,300
Median Rent
$1,511
Total Housing Units
16,013
Vacancy Rate
5.2%
Owner Occupied
85.3%
Renter Occupied
14.7%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,328
Housing Types
The current median sale price in Park Ridge, IL is $577,500 according to Redfin data. Homes spend a median of 32 days on the market. 38.9% of homes sold above asking price. The market has 3.4 months of supply. The median price per square foot is $290. Zillow's observed rent index is $2,677/month. About 85.3% of housing units are owner-occupied. The median year homes were built is 1960. There are 16,013 total housing units.