Quick answer: Over the three months ending September 2026, the median Park Ridge home sold for about $620,000, up 5.0% from a year earlier. Homes sold in a median of 45 days, at about 100.0% of list price, and 38% sold for more than asking (Redfin, MLS & public records). Here’s what that means if you’re selling or buying in Park Ridge.
Park Ridge home values at a glance
| Park Ridge (all home types) | September 2026 |
|---|---|
| Median sale price | $619,705 (+5.0% vs. last year, 3 months ending Sep) |
| Homes sold in the month | 135 (12.6% more than a year earlier) |
| Median days on market | 45 days (11 days faster) |
| Sale-to-list price | 100.0% (+0.9 pts) |
| Sold above asking | 37.6% (+9.3 pts) |
| Homes with price drops | 22.3% |
| Median price per square foot | $310 (up 6.7%) |
Source: Redfin market data for Park Ridge (based on MLS and public records), all home types, September 2026. Figures are market-wide, not specific to any one property.
How Park Ridge compares with its neighbors
Park Ridge prices are up 5.0% from a year ago, more homes are selling, and they are selling 11 days faster. It is more balanced than Glenview or Niles: homes sold at about list price on average, 37.6% went over asking, and 22.3% of listings had a price cut. Pricing makes a bigger difference here than in the hottest towns.
- Des Plaines home values: median $404,807 (+10.9% vs. last year)
- Niles home values: median $418,801 (+13.0% vs. last year)
- Glenview home values: median $801,118 (+9.0% vs. last year)
What’s driving value in Park Ridge
- Home type and size. Park Ridge is mostly single-family homes, from bungalows and Cape Cods to large new construction, which creates a wide range of prices.
- Location within Park Ridge. Walkability to Uptown Park Ridge and the Metra station, parks, and distance from O’Hare flight paths can all affect value.
- Condition and updates. Updated homes sell quickly; homes that need major work compete with teardown and new-construction pricing.
- Taxes and carrying costs. Cook County property taxes vary from home to home, and buyers compare them closely. Knowing yours up front helps you price correctly.
If you’re selling in Park Ridge
Demand is solid, but one in five listings needed a price cut. Homes priced right from the start sell fastest and closest to (or above) list, so a realistic first price is the most important decision you’ll make. Get a free, no-pressure home value estimate to see where yours fits.
If you’re buying in Park Ridge
Buyers have a little more room here than in Glenview or Niles. Well-priced homes still draw multiple offers, but homes that have been on the market longer may have room to negotiate.
Frequently asked questions
What is the median home price in Park Ridge, IL?
About $620,000 over the three months ending September 2026 (Redfin, all home types), up 5.0% from a year earlier.
Are Park Ridge home prices going up?
Yes. As of September 2026 the Park Ridge median price was 5.0% higher than a year earlier, and homes were selling 11 days faster.
How fast do homes sell in Park Ridge?
The median home sold in about 45 days in September 2026 (11 days faster than a year ago).
Is Park Ridge a competitive market?
Redfin rates Park Ridge somewhat competitive: homes get about 3 offers on average, and 37.6% sold above list price.
Al Kolovic is a Licensed Managing Broker with CENTURY 21 Circle, 3372 W Devon Ave, Lincolnwood, with $80M+ in career sales and 170+ homes sold across Chicago and the North Shore. Questions about your Park Ridge home? Call or text 847-561-8987.
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