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Chicago Ridge Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Chicago Ridge home sales for the month of February decreased in volume by 33.3% when compared to last year, while the median sale price rose by 41.9% from $114,500 to $162,500. The number of Single Family homes sales decreased by 33.3%, while the median sale price rose by 11.7% from $188,000 to $210,000. Condo/townhome sales decreased by 33.3%, while the median sale price rose by 33.5% from $85,000 to $113,500.

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Median Sale Prices for Chicago Ridge

125k
180k
199k
114k
104k
114k
121k
148k
113k
149k
123k
116k
145k
135k
97k
162k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Chicago Ridge

13
10
4
6
13
13
11
10
7
17
13
14
9
9
11
4
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Real Estate Sales for February in Chicago Ridge

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 6 4 -33.3% 11 15 +36.4%
(Single Family) 3 2 -33.3% 6 6 0%
(Condos/Townhomes) 3 2 -33.3% 5 9 +80%
Median Sale Price $114,500 $162,500 +41.9% $135,000 $110,000 -18.5%
(Single Family) $188,000 $210,000 +11.7% $206,500 $217,500 +5.3%
(Condos/Townhomes) $85,000 $113,500 +33.5% $85,000 $89,000 +4.7%
Days on Market 28 57 +103.6% 46 36 -21.7%
(Single Family) 46 57 +23.9% 32 57 +78.1%
(Condos/Townhomes) 10 46 +355% 51 27 -47.1%

HomesByMarco sold over 300 homes last year

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Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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