What are current home values in Park Ridge, IL?

The median home value in Park Ridge, IL is $599,417 as of June 2026. This represents a 0.8% increase compared to last month and a 8.3% increase year-over-year.

How have home values changed in Park Ridge, IL?

Home values in Park Ridge, IL have increased by 0.8% month-over-month and 8.3% year-over-year.

How do home values in Park Ridge, IL compare to Cook County, Illinois, and the national average?

The median home value in Park Ridge, IL ($599,417) compares to: Cook County ($343,350), Illinois ($298,871), and the U.S. national median ($372,995).

Park Ridge, IL Housing Market

$599,417

8.3% 1-yr

The average Park Ridge, IL home value is $599,417, up 8.3% over the past year, and homes go to pending in around 9 days. (Updated on 6/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Park Ridge Key Takeaways

Typical Home Values: $599,417

1-Year Value Change: +8.3%

(Data through June 30, 2026)

Park Ridge Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 102 (June 30, 2026)

New Listings: 55 (June 30, 2026)

Median Sale to List Ratio: 0.996 (May 31, 2026)

Median Sale Price: $620,000 (May 31, 2026)

Median List Price: $644,333 (June 30, 2026)

Percent of Sales Over List Price: 41.3% (May 31, 2026)

Percent of Sales Under List Price: 44.9% (May 31, 2026)

Median Days to Pending: 9 (June 30, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Park Ridge

NameMedian ZHVI
Emerson Place$536,919
Ransom Ridge$531,127
Edison Park$483,695
Oakton Manor$431,851
Jonquil Terrace$474,716
Oasis$441,327
Grennan Heights$439,808
Oak Park$479,632
Ballard Terrace$377,656

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Park Ridge Rental Market Trends

Average Rent: $2,598 (June 30, 2026)

National Average Rent: $1,965 (June 30, 2026)

Month-Over-Month Change: 0.1% (June 30, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.