Ridgewood home prices rise in the third quarter of 2020

Medium realestate2

The median sale price of a home sold in the third quarter of 2020 in Ridgewood rose by $47,250 while total sales decreased by 25%, according to BlockShopper.com.

From July through September of 2020, there were three homes sold, with a median sale price of $107,000 - a 79.1% increase over the $59,750 median sale price for the same period of the previous year. There were four homes sold in Ridgewood in the third quarter of 2019.

The median sales tax in Ridgewood for the most recent year with available data, 2019, was $2,131, approximately 2% of the median home sale price for the third quarter of 2020.

The following table compares Ridgewood to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Lincoln Estates330%$160,000$299,900-46.6%
Lakewood Shores28-75%$157,500$201,500-21.8%
Ingalls Park516-68.8%$136,000$112,20021.2%
University Park1427-48.1%$123,250$105,00017.4%
Park Forest171421.4%$84,900$69,60022%

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