Is Park Ridge Manor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park Ridge Manor is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Park Ridge Manor was a Seller's Market.

Key Takeaway

Park Ridge Manor is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Park Ridge Manor, IL

How much do homes in Park Ridge Manor, IL cost?

Median Sold Price

$730,000

$286/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$80,000(+12.3%)

Key Takeaway

Homes in Park Ridge Manor have sold for 12.3% more than they did a month ago.

Summary: The median home sold price in Park Ridge Manor was $730,000 in April 2024, up 12.3% from last month, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$730K
N/A
4 $650K-
N/A
5+ --
N/A

Summary: Park Ridge Manor housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Park Ridge Manor
+12.3%
Park Ridge North
-10.9%

Housing Supply in Park Ridge Manor, IL

How many homes are available in Park Ridge Manor, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Park Ridge Manor real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 23
+50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Park Ridge Manor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park Ridge Manor, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Park Ridge Manor in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Park Ridge Manor, IL

How long does it take to sell a home in Park Ridge Manor, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
7 Days4 Days-42.9%

Summary: Homes in Park Ridge Manor had an average of 4 days on market in Apr 2024, down by 42.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Park Ridge Manor are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Park Ridge Manor; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Park Ridge Manor, IL

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