Chicago Suburb Burr Ridge Mansion Seeks $10M Record Sale
The Surge in Burr Ridge Luxury Home Prices As Burr Ridge experiences a remarkable surge in luxury home prices, investors are paying close attention. The suburb's price appreciation is fueled by strong buyer preferences for upscale amenities and attractive location advantages. Median home prices have jumped to around $995,000 in early 2025. This represents a 33.6% increase year-over-year in some periods. In recent years, Burr Ridge remains a seller's market , in which limited housing supply fosters competition among buyers, especially for desirable properties. Even though the median price per square foot has declined, larger properties continue to drive value appreciation. This shift indicates a move towards spacious, high-end estates for affluent buyers. Burr Ridge's proximity to Chicago, combined with its exclusive community features, attracts professionals looking for privacy and convenience. The ongoing interest from both local and metro-area buyers intensifies the compe...