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Featured local agent — Chicago Ridge, IL
Sarah Mitchell
Compass Real Estate · Chicago Ridge, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chicago Ridge, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$207,000median sale price
How is the Chicago Ridge, IL housing market right now?
The median home sale price in Chicago Ridge, IL is $207,000, up 10.8% year-over-year. Homes sell in an average of 82 days with 50 active listings. The market is currently a leaning buyer's. (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 Chicago Ridge a buyer's or seller's market?
Chicago Ridge, IL is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
82
Average pace
Active listings
50
4.2 months supply
Sale-to-list
99.2%
Below asking
What does the Chicago Ridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $207,000 |
| Median list price | $254,950 |
| Year-over-year price change | +10.8% |
| Average days on market | 82 days |
| Active inventory | 50 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $186/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 20 |
| Listings with a price cut | 26.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Chicago Ridge by property type?
How the Chicago 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 | $335,000 | $256/sq ft | 5 | 37 days |
| Condo / Co-op | $175,000 | $176/sq ft | 7 | 121 days |
| Townhouse | $170,000 | $168/sq ft | 1 | 41 days |
Source: Redfin · Updated monthly
The Chicago Ridge housing market is currently classified as a leaning buyer's with a median sale price of $207,000. Prices have risen 10.8% compared to last year, with homes spending an average of 82 days on market, indicating 4.2 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 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Chicago Ridge
There are currently 50 homes listed for sale in Chicago Ridge, Illinois. The median listing price is $255K.
Active listings
50
Homes on market
Median list price
$255K
Avg. days on market
82
Days until sale
New this week
20
Newly listed
Who lives in Chicago Ridge?
Population
14,147
Median income
$69,389/yr
Median age
34.3 years
Owner-occupied
55.0%
College grads
27.7%
Avg commute
31.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Chicago Ridge?
Zillow home value
$252,327
Zillow rent index
$1,519/mo
Price-to-rent ratio
13.8x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Chicago Ridge?
Chicago Ridge is a community of approximately 14K residents with a median age of 34.3 years.The median household income is $69,389, which represents a working-class community with solid middle-income opportunities. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.0%, showing a blend of owner and renter-occupied properties. The average commute time is 31.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Chicago Ridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Chicago Ridge?
3 schools tracked · 1,422 students
The largest public schools serving Chicago 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.
Ridge Lawn Elementary School
Grades PK-5 · 547 students
Ridge Central Elem School
Grades PK-5 · 498 students
Elden D Finley Jr High School
Grades 6-8 · 377 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 Chicago Ridge, IL?
Want a head-to-head view? Compare Chicago Ridge side-by-side with any other U.S. city using our market-comparison tool.
Is Chicago Ridge a good real estate investment market?
For investors evaluating Chicago Ridge, the price-to-rent ratio of 13.8x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 10.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Chicago Ridge's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Chicago Ridge's median home price.
Frequently asked questions
What is the average home price in Chicago Ridge?
The median home sale price in Chicago Ridge is $207,000, up 10.8% from last year.
How long do homes stay on market in Chicago Ridge?
Homes typically spend 82 days on market before going under contract.
What is the median income in Chicago Ridge?
The median household income is $69,389 per year.
Is Chicago Ridge a buyer's or seller's market?
With 4.2 months of supply, Chicago Ridge is currently a leaning buyer's.
What is the Zillow home value estimate for Chicago Ridge?
The Zillow Home Value Index (ZHVI) for Chicago Ridge is $252,327, representing the typical home value in the area.
What is the median condo price in Chicago Ridge?
The median condo/co-op sale price in Chicago Ridge, IL is $175,000, compared to $335,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Chicago Ridge?
The median single-family home price in Chicago Ridge, IL is $335,000 (about $256 per square foot).
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