$665,000
- 3 bd
- 3 ba
- 1,284 sqft
615 N Broadway Ave
Park Ridge, IL Housing Market
$593,000
9.7% 1-yrThe average Park Ridge, IL home value is $593,000, up 9.7% over the past year, and homes go to pending in around 16 days. (Updated on )
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.
Park Ridge Key Takeaways
Typical Home Values: $593,000
1-Year Value Change: +9.7%
(Data through September 30, 2026)
Park Ridge Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 105 ()
New Listings: 38 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $607,167 ()
Median List Price: $669,316 ()
Percent of Sales Over List Price: 44.0% ()
Percent of Sales Under List Price: 46.8% ()
Median Days to Pending: 16 ()
(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.
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$523,157
- Ransom Ridge$523,319
- Edison Park$474,552
- Oakton Manor$424,651
- Jonquil Terrace$468,499
- Oasis$431,939
- Grennan Heights$426,158
- Oak Park$477,190
- Ballard Terrace$372,259
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Park Ridge Rental Market Trends
Average Rent: $2,433 ()
National Average Rent: $1,932 ()
Month-Over-Month Change: -1.3% ()
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.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Park Ridge, IL?
The median home value in Park Ridge, IL is $593,000 as of September 2026. This represents a 1.0% increase compared to last month and a 9.7% increase year-over-year.
How have home values changed in Park Ridge, IL?
Home values in Park Ridge, IL have increased by 1.0% month-over-month and 9.7% 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 ($593,000) compares to: Cook County ($340,258), Illinois ($295,943), and the U.S. national median ($366,157).
