The Park Ridge suburb has roots that go as far back as the early 1830s, when the first American settlers began to arrive from New York and other parts of New England. Entrepreneur George Penny recognized that the ridge itself was rich with clay deposits, making it ideal for brick-making, and originally established the area as a brickyard that served as a primary source of construction materials for the young but rapidly growing settlement of Chicago. As such, the area was originally named Pennyville, and then Brickton, before finally incorporating as the Park Ridge suburb in 1873. The area saw a great deal of expansion with the arrival of the railroad, as well as migration from the city after the Great Fire in 1871. The residents of the Park Ridge suburb decided to reincorporate as a city in 1910, establishing a government that included a mayor and aldermen elected from wards instead of a president and trustees elected at-large. Park Ridge continued to grow through the 1920s due to the addition of new business, industry, and an artist’s colony, as well as new parks and renovation of streets and civic plumbing. The housing boom post-World War II caused another significant rise in the population, and other major area construction—such as the O’Hare Airport in 1956 and Lutheran General Hospital in 1959—led to even greater settlement by professionals and their families. Today, the Park Ridge suburb enjoys both the advantages of its proximity and easy expressway access to the city while retaining its own character and charm.
$522,313 average Sale Price
48 Homes Sold This Month
103 Average Days On Market
The Sights of Park Ridge
Park Ridge IL Real Estate
Park Ridge homes consist of a variety of developments both new and vintage. The years after World War II saw a major growth in predominantly ranch-style houses, many of which remain today. Expansion in the 1990s saw many older Park Ridge homes replaced with new construction, and between 1999 – 2009 the village underwent a massive Uptown development project. This project created even greater variety in Park Ridge real estate, with new residential townhomes, row houses, loft units, condominiums, and retail commercial space.
The average sale price of a home in Park Ridge is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Park Ridge sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Park Ridge spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Park Ridge sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Park Ridge is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Park Ridge sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Park Ridge is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Park Ridge sign up for the trends report below or contact your Dream Town broker.
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