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Featured local agent — Richton Park, IL
Sarah Mitchell
Compass Real Estate · Richton Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richton Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$252,000median sale price
How is the Richton Park, IL housing market right now?
The median home sale price in Richton Park, IL is $252,000, up 30.9% year-over-year. Homes sell in an average of 56 days with 44 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 Richton Park a buyer's or seller's market?
Richton Park, IL is currently a balanced market, based on 3.4 months of supply and homes selling in about 56 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
56
Average pace
Active listings
44
3.4 months supply
Sale-to-list
99.6%
Below asking
What does the Richton Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $252,000 |
| Median list price | $190,000 |
| Year-over-year price change | +30.9% |
| Average days on market | 56 days |
| Active inventory | 44 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $156/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 14 |
| Listings with a price cut | 20.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Richton Park by property type?
How the Richton Park, 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 | $296,000 | $169/sq ft | 10 | 70 days |
| Condo / Co-op | $185,995 | $115/sq ft | 2 | 44 days |
| Townhouse | $252,000 | $149/sq ft | 1 | 56 days |
Source: Redfin · Updated monthly
The Richton Park housing market is currently classified as a balanced market with a median sale price of $252,000. Prices have risen 30.9% compared to last year, with homes spending an average of 56 days on market, indicating 3.4 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 3.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Richton Park
There are currently 44 homes listed for sale in Richton Park, Illinois. The median listing price is $190K.
Active listings
44
Homes on market
Median list price
$190K
Avg. days on market
56
Days until sale
New this week
14
Newly listed
Who lives in Richton Park?
Population
12,576
Median income
$71,724/yr
Median age
41.5 years
Owner-occupied
50.7%
College grads
30.5%
Avg commute
32.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Richton Park?
Zillow home value
$222,207
Zillow rent index
$1,870/mo
Price-to-rent ratio
9.9x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Richton Park?
Richton Park is a community of approximately 13K residents with a median age of 41.5 years.The median household income is $71,724, which represents a working-class community with solid middle-income opportunities. 30.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 50.7%, showing a blend of owner and renter-occupied properties. The average commute time is 32.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Richton Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richton Park?
5 schools tracked · 1,318 students
The largest public schools serving Richton Park, 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.
Southland College Prep Chtr HS
Grades 9-12 · 586 students
Sauk Elem School
Grades 4-6 · 282 students
Neil Armstrong Elem School
Grades K-5 · 272 students
Richton Square School
Grades PK · 178 students
Rich Township Star Academy
Grades 10-12
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 Richton Park, IL?
Want a head-to-head view? Compare Richton Park side-by-side with any other U.S. city using our market-comparison tool.
Is Richton Park a good real estate investment market?
For investors evaluating Richton Park, the price-to-rent ratio of 9.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 30.9% 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 Richton Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richton Park's median home price.
Frequently asked questions
What is the average home price in Richton Park?
The median home sale price in Richton Park is $252,000, up 30.9% from last year.
How long do homes stay on market in Richton Park?
Homes typically spend 56 days on market before going under contract.
What is the median income in Richton Park?
The median household income is $71,724 per year.
Is Richton Park a buyer's or seller's market?
With 3.4 months of supply, Richton Park is currently a balanced market.
What is the Zillow home value estimate for Richton Park?
The Zillow Home Value Index (ZHVI) for Richton Park is $222,207, representing the typical home value in the area.
What is the median condo price in Richton Park?
The median condo/co-op sale price in Richton Park, IL is $185,995, compared to $296,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richton Park?
The median single-family home price in Richton Park, IL is $296,000 (about $169 per square foot).
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