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Burr Ridge Condos for Sale

Available Condos for Sale in Burr Ridge, IL

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Burr Ridge Housing Market

The Burr Ridge housing market remains moderately competitive. Last month, the median home sale price reached $995K, reflecting a 33.6% increase year-over-year. Additionally, the median price per square foot rose to $349, marking a 61.6% surge compared to last year.

$995,000

Median Sale Price

$349

Median Sale Price per Sq. Ft.

6

Total Homes Sold

56

Median Days on Market

Why Buy Condos in Burr Ridge, IL?

Key Factors to Consider When Buying a Condo in Burr Ridge, IL

Buying a condo is a significant investment, and choosing the right one in Burr Ridge requires careful consideration. Whether you’re looking for a low-maintenance lifestyle, luxury amenities, or a great long-term investment, we’re here to help. Contact us today to get personalized insights on the best condos available or schedule a private showing to explore your options firsthand!

While Burr Ridge as a whole offers a peaceful and upscale setting, the specific location of the condo within the area can impact its convenience and future value. Some developments are situated near Burr Ridge Village Center, providing easy access to restaurants, boutique shopping, and entertainment, while others offer a more secluded, residential feel. Additionally, consider proximity to major highways like I-55 and I-294, which can make commuting to Chicago or nearby suburbs much easier. If you’re looking for a condo with walkability and lifestyle perks, being closer to the Village Center may be ideal, whereas if you prefer privacy and scenic views, a condo in a quieter area might suit you better.

Condo ownership in Burr Ridge comes with homeowners association (HOA) fees, which can vary significantly based on the building’s amenities and services. While some fees may seem high, they often cover valuable perks such as exterior maintenance, landscaping, security, parking, fitness centers, and common area upkeep. It’s important to ask:

  • What exactly do the fees include?
  • Are there any upcoming special assessments that could increase costs?
  • How well is the HOA managed, and are there any restrictions on rentals or renovations?

A well-managed HOA ensures that the property retains its value and that maintenance is handled efficiently, giving you peace of mind as an owner.

Buying a condo isn’t just about the present—it’s about future value as well. Burr Ridge is known for strong property values and limited condo inventory, making it an attractive place for long-term investment. However, not all condos appreciate at the same rate.

  • Buildings with high demand, desirable amenities, and well-maintained common areas tend to retain and increase their value.
  • Units with larger layouts, modern finishes, and private outdoor spaces are typically more attractive to future buyers.
  • Consider the historical market trends in the area and whether the condo aligns with those that have shown steady appreciation.

If you’re buying as both a residence and an investment, choosing a condo in a well-managed and sought-after development can offer great returns when it’s time to sell.

One of the biggest advantages of condo living is access to luxury amenities that you might not have in a single-family home. However, not all condo buildings in Burr Ridge offer the same level of convenience. Consider what’s important to you:

  • Do you want a fitness center, concierge service, or a secure parking garage?
  • Are outdoor spaces like balconies, terraces, or gardens a priority?
  • Would you benefit from an on-site business center or social lounge?

Choosing a condo with well-maintained and high-end amenities can enhance your lifestyle and add long-term value to your investment.

The layout and size of your condo will impact your comfort and future resale value. Unlike large metropolitan areas where condos tend to be compact, Burr Ridge condos often offer spacious floor plans, making them great for both professionals and downsizers.

  • Look for open-concept designs that make the space feel larger and more inviting.
  • Consider storage options like walk-in closets, additional pantries, or extra storage units.
  • Ask about customization options—some developments allow renovations and upgrades, while others have strict HOA rules.

If you’re planning to live in the condo long-term, make sure it’s a space that can adapt to your needs, whether that means a home office, guest room, or personal retreat.

The real estate market in Burr Ridge is unique, with a mix of high-end condos and luxury single-family homes. Understanding the current market trends and financing options is crucial before making an offer.

  • Mortgage rates and loan types can affect affordability, so it’s best to consult with a lender early in the process.
  • Some condos have strict lending requirements—ask whether the building is FHA-approved or if certain down payment restrictions apply.
  • Compare monthly costs, including HOA fees, property taxes, and insurance, to get a clear picture of affordability.

If you’re serious about buying, it’s best to get pre-approved for a mortgage so you can act quickly when you find the right condo.

READY TO MAKE BURR RIDGE, IL YOUR NEW HOME?

Don't miss out on the opportunity to find the perfect property! Contact Jeff Salhani today for all your real estate needs. Whether you have questions or are ready to take the next step in buying a home, Jeff is here to guide you every step of the way. Reach out now and start your journey to home ownership in the beautiful Burr Ridge area!

View More Properties Around Burr Ridge, IL

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BURR RIDGE, IL GUIDE

Ready to uncover the best that Burr Ridge, IL, has to offer? Dive into our comprehensive guide and explore the hidden gems, local favorites, and the luxurious lifestyle that awaits you in this vibrant community. Whether you're considering making Burr Ridge your home or just curious about what makes it unique, our guide has everything you need. Start your journey to Burr Ridge now and experience the allure firsthand.

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Work With Jeff

Jeff will do his best to have your selling or buying experience as fun and stress-free as possible. He is very flexible and very easy to work with. After all, your needs come first!