Park Ridge, IL Housing Market

$564,905

7.3% 1-yr

The average Park Ridge, IL home value is $564,905, up 7.3% over the past year, and homes go to pending in around 19 days. (Updated on 3/31/2026)

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: $564,905

1-Year Value Change: +7.3%

(Data through March 31, 2026)

Park Ridge Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 67 (March 31, 2026)

New Listings: 27 (March 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: $586,000 (February 28, 2026)

Median List Price: $529,967 (March 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 19 (March 31, 2026)

(Metric availability is based on market coverage and data)

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$505,246
Ransom Ridge$502,625
Edison Park$461,658
Oakton Manor$411,556
Jonquil Terrace$440,388
Oasis$417,476
Grennan Heights$421,064
Oak Park$454,425
Ballard Terrace$363,210

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Park Ridge Homes for Sale

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Park Ridge Rental Market Trends

Average Rent: $2,602 (March 31, 2026)

National Average Rent: $1,910 (March 31, 2026)

Month-Over-Month Change: 1.4% (March 31, 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.