Park Ridge, IL housing market
The typical Park Ridge home is worth about $598,000, up 9.4% in a year, 101% above the Illinois typical home. Homes typically sell in 38 days, a little above asking.
Home values, sales, trends and how Park Ridge compares with the towns next door — updated as new data is published.
Park Ridge at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Park Ridge | Illinois |
|---|---|---|
| 2017 | $401,000 | $181,000 |
| 2018 | $409,000 | $190,000 |
| 2019 | $412,000 | $195,000 |
| 2020 | $407,000 | $200,000 |
| 2021 | $429,000 | $215,000 |
| 2022 | $460,000 | $236,000 |
| 2023 | $482,000 | $248,000 |
| 2024 | $501,000 | $263,000 |
| 2025 | $533,000 | $278,000 |
| 2026 | $569,000 | $290,000 |
| August 2026 | $598,000 | $298,000 |
Park Ridge and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Park Ridge | $598K | +9.4% | 38 | $142,986 |
| Chicago | $334K | +5.2% | 47 | $77,902 |
| Niles | — | — | 49 | $75,274 |
| Des Plaines | $359K | +6.9% | 42 | $97,875 |
| Rosemont | $401K | +12.8% | — | $63,517 |
4.2 years of income
The typical Park Ridge home costs about 4.2 years of the town's median household income, more than across Illinois (3.6 years).
How Park Ridge ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.