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Average home prices top $1 million in Park Ridge; Skokie, Niles prices also high

Posted on AllSides June 20th, 2024
From The Center

In this summer’s hot real estate market, average home prices have risen in the north suburbs, with a longtime Park Ridge real estate agent saying this is the first time he has seen the average asking price of a home in the suburb top $1 million. The phenomenon arrived because few homeowners are putting their homes on the market, knowing that if they bought a new home, they’d have to finance it at high interest rates, real estate professionals say. As a result, the few mid-priced homes going on the...

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