Why Live in Burr Ridge
Known for its upscale homes and fine dining options, Burr Ridge is one of the Chicago area’s most sought-after suburbs. “It’s a really nice place full of friendly people,” says Indu Sethi, a Realtor with Baird & Warner. “People come here for the long term because it’s so convenient to find shopping, dining and anything else you need.” Students attend several of the highest-rated school districts in the metro area, and the park system provides ample athletic space. For a community-focused fun, the village’s central retail space hosts a series of summertime festivals, where the roughly 11,000 residents can sip wine, enjoy live entertainment and explore the works of local artists. Commuters benefit from direct access to major interstates and rail lines that connect them to the Windy City. “The homes are beautiful,” Sethi says. “Wherever there is land, they are building more of them, but there’s not too much land left.” The median single-family home price is $917,000, which is well above the state and national median. Prices range from $250,000 for 50-year-old properties to $3.5 million for newer builds. Most of the homes were developed between the 1970s and early 2000s, with popular
Home Trends in Burr Ridge, IL
On average, homes in Burr Ridge, IL sell after 30 days on the market compared to the national average of 50 days. The median sale price for homes in Burr Ridge, IL over the last 12 months is $775,000, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$775,000
Median Single Family Sale Price
$953,000
Median Townhouse Sale Price
$670,000
Median 2 Bedroom Sale Price
$315,000
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$278
Number of Homes for Sale
39
Last 12 months Home Sales
172
Median List Price
$850,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-3%