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Featured local agent — Ridgewood, IL
Sarah Mitchell
Compass Real Estate · Ridgewood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ridgewood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$204,950median sale price
How is the Ridgewood, IL housing market right now?
The median home sale price in Ridgewood, IL is $204,950, up 20.6% year-over-year. Homes sell in an average of 57 days with 3 active listings. The market is currently a seller's 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 Ridgewood a buyer's or seller's market?
Ridgewood, IL is currently a seller's market, based on 1.5 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
57
Average pace
Active listings
3
1.5 months supply
Sale-to-list
100.0%
Above asking
What does the Ridgewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $204,950 |
| Median list price | $340,000 |
| Year-over-year price change | +20.6% |
| Average days on market | 57 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Ridgewood by property type?
How the Ridgewood, 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 | $204,950 | $171/sq ft | 2 | 57 days |
Source: Redfin · Updated monthly
The Ridgewood housing market is currently classified as a seller's market with a median sale price of $204,950. Prices have risen 20.6% compared to last year, with homes spending an average of 57 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Ridgewood
There are currently 3 homes listed for sale in Ridgewood, Illinois. The median listing price is $340K.
Active listings
3
Homes on market
Median list price
$340K
Avg. days on market
57
Days until sale
New this week
1
Newly listed
Who lives in Ridgewood?
Population
2,997
Median income
$96,334/yr
Median age
31.6 years
Owner-occupied
62.4%
College grads
10.3%
Avg commute
28.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Ridgewood?
Ridgewood is a community of approximately 3K residents with a median age of 31.6 years.The median household income is $96,334, which reflects a relatively affluent area with strong earning potential. 10.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.4%, showing a blend of owner and renter-occupied properties. The average commute time is 28.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ridgewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Ridgewood, IL?
Want a head-to-head view? Compare Ridgewood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Ridgewood?
The median home sale price in Ridgewood is $204,950, up 20.6% from last year.
How long do homes stay on market in Ridgewood?
Homes typically spend 57 days on market before going under contract.
What is the median income in Ridgewood?
The median household income is $96,334 per year.
Is Ridgewood a buyer's or seller's market?
With 1.5 months of supply, Ridgewood is currently a seller's market.
How much does a single-family home cost in Ridgewood?
The median single-family home price in Ridgewood, IL is $204,950 (about $171 per square foot).
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