Burr Ridge, IL Homes for Sale & Real Estate Listings

In January 2024, Burr Ridge experienced a 2.7% increase in home prices compared to the previous year, with homes selling for a median price of $852K. On average, homes in Burr Ridge remained on the market for 189 days, up from 59 days last year. The number of homes sold in January this year was 7, a decrease from 9 sales in the same period last year.

Burr Ridge's housing market exhibits a level of competitiveness, with homes typically selling in 68 days. Certain properties attract multiple offers. On average, homes sell for approximately 2% below the listed price and enter pending status within about 68 days. However, highly sought-after homes can sell for roughly 2% above the listed price and go pending in approximately 39 days.

Nationwide, 3% of homebuyers expressed interest in relocating to Burr Ridge from outside metropolitan areas. Among these, New York homebuyers displayed the highest interest in moving to Burr Ridge, followed by those from St. Louis and San Francisco.

Burr Ridge, IL, is often regarded as a desirable place to live due to its affluent neighborhoods, excellent schools, and proximity to amenities and employment opportunities in the Chicago metropolitan area. With its low crime rates, beautiful parks, and recreational facilities, Burr Ridge offers a high quality of life for residents seeking a suburban lifestyle with convenient access to urban amenities.

Burr Ridge, IL, is known for its upscale residential communities, luxurious estates, and scenic landscapes. The village is renowned for its affluent lifestyle, with upscale shopping centers, fine dining establishments, and prestigious golf courses. Additionally, Burr Ridge is recognized for its excellent schools and proximity to major highways, making it a highly desirable suburban location near the bustling city of Chicago.