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Featured local agent — Burr Ridge, IL
Sarah Mitchell
Compass Real Estate · Burr Ridge, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Burr Ridge, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$982,500median sale price
How is the Burr Ridge, IL housing market right now?
The median home sale price in Burr Ridge, IL is $982,500, up 7.4% year-over-year. Homes sell in an average of 44 days with 45 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Burr Ridge a buyer's or seller's market?
Burr Ridge, IL is currently a balanced market, based on 4.5 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
44
Average pace
Active listings
45
4.5 months supply
Sale-to-list
97.9%
Below asking
What does the Burr Ridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $982,500 |
| Median list price | $1.10M |
| Year-over-year price change | +7.4% |
| Average days on market | 44 days |
| Active inventory | 45 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 97.9% |
| Median price per sq ft | $230/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 21 |
| Listings with a price cut | 17.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Burr Ridge by property type?
How the Burr Ridge, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.14M | $270/sq ft | 7 | 37 days |
| Condo / Co-op | $312,000 | $199/sq ft | 1 | 188 days |
| Townhouse | $525,000 | $191/sq ft | 2 | 59 days |
Source: Redfin · Updated monthly
The Burr Ridge housing market is currently classified as a balanced market with a median sale price of $982,500. Prices have risen 7.4% compared to last year, with homes spending an average of 44 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Burr Ridge
There are currently 45 homes listed for sale in Burr Ridge, Illinois. The median listing price is $1.1M.
Active listings
45
Homes on market
Median list price
$1.1M
Avg. days on market
44
Days until sale
New this week
21
Newly listed
Who lives in Burr Ridge?
Population
11,119
Median income
$154,508/yr
Median age
58.1 years
Owner-occupied
94.4%
College grads
69.2%
Avg commute
31.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Burr Ridge?
Zillow home value
$846,412
Price-to-income
5.5x
Source: Zillow Research
What is it like to live in Burr Ridge?
Burr Ridge is a community of approximately 11K residents with a median age of 58.1 years.The median household income is $154,508, which reflects a relatively affluent area with strong earning potential. 69.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Burr Ridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Burr Ridge?
4 schools tracked · 1,241 students
The largest public schools serving Burr Ridge, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gower Middle School
Grades 5-8 · 404 students
Pleasantdale Middle Sch
Grades 5-8 · 352 students
Elm Elem School
Grades K-5 · 296 students
Burr Ridge Middle School
Grades 5-8 · 189 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Burr Ridge, IL?
Want a head-to-head view? Compare Burr Ridge side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Burr Ridge?
The median home sale price in Burr Ridge is $982,500, up 7.4% from last year.
How long do homes stay on market in Burr Ridge?
Homes typically spend 44 days on market before going under contract.
What is the median income in Burr Ridge?
The median household income is $154,508 per year.
Is Burr Ridge a buyer's or seller's market?
With 4.5 months of supply, Burr Ridge is currently a balanced market.
What is the Zillow home value estimate for Burr Ridge?
The Zillow Home Value Index (ZHVI) for Burr Ridge is $846,412, representing the typical home value in the area.
What is the median condo price in Burr Ridge?
The median condo/co-op sale price in Burr Ridge, IL is $312,000, compared to $1.14M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Burr Ridge?
The median single-family home price in Burr Ridge, IL is $1.14M (about $270 per square foot).
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