Burr Ridge is a suburb of Chicago located just 20 miles southwest of the Windy City’s downtown area. Originally a farming community nestled in the rolling green hills of the Valparaiso Moraine, Burr Ridge first experienced a surge in suburban development in the 1950s—a surge that would continue well into the present day.
Now home to around 11,000 residents, Burr Ridge has an impressive selection of upscale restaurants, high-end shopping areas, and luxury real estate, making it a compelling place to invest in for those who prefer the finer things in life. If you’re looking to live in a place that exemplifies luxury living, Burr Ridge, IL might just be the right place for you.
Here, we’ll explore what you need to know about Burr Ridge, IL, and its thriving luxury real estate market.
The Burr Ridge Real Estate Market
If we were to look at the median sale prices of Burr Ridge over the last 5 years, what is notable is that there have been times when there have been significant rises in home prices but also some dips. This being said, the overall pattern points to an overall steady appreciation over the years.
Had you bought real estate in Burr Ridge in January 2019, you may have paid in the region of $430,000. A year later in January 2020 and the median sale price for a home was closer to $580,000. By January 2021, the median price of a home sold was $780,000 with only an incremental increase a year later to around $790,000. In January 2023, the median sale price of a home was in the region of $815,000.
Of course, these figures do not tell a nuanced story of the market. We have to take into account the frenzied market of the pandemic years and the increase in lending rates introduced by the Federal Bank in 2022. These factors have had a profound effect on the real estate market, not only in Burr Ridge by across the country.
We must also note that luxury and ultra-luxury properties are less susceptible to market price fluctuations, and much of the time, they maintain their high values. So while the Burr Ridge real estate market can present an opportunity for those looking for entry-level and standard homes, it’s still very much the case that luxury homes will go close to or even exceed their asking price.
What are the most common property types in Burr Ridge, Il?
Single-family homes dominate the Burr Ridge real estate market, many of which have several features that make them especially attractive to buyers. These include high ceilings, open floor plans, premium bespoke finishes, gourmet kitchens, spa-style bathrooms, and extensive storage solutions. Moreover, homes in Burr Ridge also typically sit on large lots and have outdoor features such as swimming pools, al fresco lounging and dining areas, and gardens.
In addition to single-family residences, Burr Ridge is also home to several condominiums, the most upscale of which come with features such as 10-foot ceilings, hardwood floors, gourmet kitchens complete with top-of-the-line appliances, spa-like bathrooms, and upwards of 3 bedrooms.
Townhouses are another major component of the Burr Ridge real estate inventory. Bridging the gap between single-family homes and condos, townhouses in Burr Ridge are well-appointed, with the most high-end models having individual fireplaces at each level, as well as spacious bedrooms, and stylish skylit bathrooms.
Where can I find the best luxury properties in Burr Ridge, IL?
As expected of an affluent suburb, Burr Ridge, IL is home to a variety of beautiful neighborhoods, each with its own unique charm and amenities.
Here’s our list of some of the best neighborhoods you can find in Burr Ridge, Il:
- Falling Water. A gated subdivision dating back to 1993, Falling Water is considered one of the premier communities in Burr Ridge. Falling Water is guarded 24/7, making it one of the safest communities in the entire village. The majority of the available homes in Falling Water were built just at the beginning of 2000 and sit on sprawling, expansive lots. Falling Water homes are typically custom-built, come in a wide array of architectural styles, and have features such as vaulted ceilings, heated floors, dedicated fitness and entertainment rooms, multi-car garages, and spacious master bedrooms complete with walk-in closets and en suite bathrooms. In addition, some homes in this subdivision have in-law suites with kitchens, bathrooms, and entrances—making them perfect for buyers with extended families.
- Fieldstone Subdivision. Considered another of Burr Ridge’s premier subdivisions, Fieldstone has many luxury properties, most of which date back to the mid-1990s and range in size from 3,000 to 5,000 square feet. Properties in Fieldstone have generously sized bedrooms, spa-style full baths, gourmet kitchens, and high-end appliances. Given their large lot sizes, a good number of homes in this Burr Ridge community have impressive outdoor features such as fenced-in yards, dedicated mudrooms, and outdoor dining spaces where residents can entertain guests.
- Highland Fields. Located just east of County Line Road, Highland Fields is a gated community with homes built in the 2010s. Homes in Highland Fields measure anywhere from 3,500 square feet to well over 9,000 square feet, making them some of the largest in the entire Burr Ridge area. Homes in Highland Fields often come with premium finishes and high-end features such as open floor plans, tall ceilings, chef’s kitchens, and spacious first-floor bedrooms complete with walk-in closets and en-suite bathrooms.
What are the most common architectural styles in Burr Ridge, IL?
Burr Ridge boasts a fascinating tapestry of architectural styles, all of which help make this upscale community one of the most in-demand locations in Illinois. Here are some of the most common architectural styles you’ll see on the streets of Burr Ridge:
- Victorian. An umbrella term that encompasses several individual styles, Victorian Architecture first arose between 1830 and 1910, during the reign of its namesake Queen Victoria. Commonly seen throughout Burr Ridge, Victorian-style homes are known primarily for the use of decorative trim and textured wall surfaces, having steep multi-faceted roofs and one-story porches. The style often employs the use of vibrant colors to paint exteriors.
- Cape Cod. One of the most popular and easily recognizable styles of American architecture, Cape Cod architecture was introduced to the United States by English colonists in the 17th century. A common sight in Burr Ridge, these Cape Cod-style homes have several distinct features that make them stand out from the rest of the village’s housing stock: a basic rectangular shape, a steeply pitched roof, a centrally located chimney, low ceilings, a center door, and shutter-clad and dormer windows.
- Bungalow. A popular building style in the United States since the early 1900s, bungalows are common in Burr Ridge. Inspired by the low-rise residences found in 19th-century Bengal, these single-story homes come in a wide array of variants, all of which share several common features. These include low-pitched roofs, large fireplaces, covered front porches, double-hung windows, a central living space surrounded by smaller rooms, and exposed woodwork elements.
- Contemporary. A good number of homes in Burr Ridge are built in the Contemporary Style, an architectural movement that blends features from different styles, resulting in a fresh and unconventional design perspective. Homes built in the Contemporary style contain distinctive features such as an emphasis on natural forms, flowing living spaces, the use of materials such as glass and metal alongside wood and stone, making use of bright natural light, and incorporating nature into the home itself.
In addition to the styles mentioned above, Burr Ridge’s housing stock also includes properties built in the style of several other architectural movements, including Tudor, Foursquare, Colonial, French Provincial, and Mid-Century Modern.
WHY YOU SHOULD BUY REAL ESTATE IN BURR RIDGE, IL
Burr Ridge is one of the most in-demand addresses in Illinois. Here are just some of the reasons that make it a great place to invest in:
- You’re getting property in a prime location. Given that it is just a short drive away from downtown Chicago, Burr Ridge’s residents enjoy easy access to world-class shopping centers, dining spots, and cultural attractions. Not only that, but Burr Ridge’s proximity to major highways such as I-55 and I-294 means that commuting to and from the village is simple and fast.
- You’re investing in an area with strong economic growth. Formerly a farming community, Burr Ridge has experienced significant economic growth leading to its emergence as one of the most affluent suburbs in the Chicago metropolitan area. Today, Burr Ridge’s robust local economy helps to ensure a stable investment environment for homebuyers and business ventures alike.
- You’ll be in an area with top schools. Burr Ridge provides easy access to some of the best public schools in the Chicago metropolitan area, making it the perfect neighborhood for families with growing children. Not only that but the village is also just a short drive away from the Windy City’s best universities and colleges—perfect for those who want to pursue higher education.
- You’ll have access to premier recreational amenities. There’s a wealth of premier recreational amenities and activities in and around the area. For instance, you can go on a short drive to the Lake Katherine Nature Center, a botanical garden that’s considered a prime destination for those who love nature. If you prefer, you can book a slot at the Chicago Architecture River Cruise, which gives visitors an in-depth look at some of the Windy City’s most iconic buildings. Or you can treat yourself to a luxurious trip to Kohlers Waters Spa, which is conveniently located at Burr Ridge’s Village Center.
- Burr Ridge has great retail, dining, and entertainment options. Despite its suburban setting, Burr Ridge has top shopping, dining, and entertainment options. This includes the Burr Ridge Village Center which houses a variety of boutiques, restaurants, and entertainment venues under one roof.
WHAT ARE THE BENEFITS OF HOME-BUYING WITH A LOCAL REAL ESTATE AGENT?
Quickly browsing through a real market like Burr Ridge is easy online, however, if you’d like to better explore your real estate options, it’s always a smart move to first get in touch with a local real estate agent. They can make your buying journey much more effective and streamlined from the start and guide you through the whole process, even beyond closing.
- Local real estate agents have extensive local market and legal knowledge. When buying a house in Burr Ridge, work with an established real estate agent from the area. They’ll have a deep understanding of their locale’s housing market and are more able to familiarize you with all the factors related to your purchase, such as the area’s various neighborhoods, current property values, and market trends. In addition, local real estate agents are well-versed when it comes to local regulations, which means they can guide you through the paperwork, ensuring that all the necessary steps are followed and your interests protected.
- Local real estate agents can provide access to exclusive, off-market listings. Not all houses for sale are listed in Multiple Listing Services (MLS) or on websites viewed by the public. This is especially true of luxury homes where owners and buyers may prefer to work with a high level of discretion. In these cases, a network of real estate agents share their knowledge to provide their clients with the buying or selling services they need.
- Local real estate agents can provide expertly tailored property recommendations. Another benefit that comes from partnering with a local real estate agent is the fact that they are intimately familiar with the locale and properties themselves. This allows them to easily drill down on which available Burr Ridge properties fit your preferences, needs, and budget, saving you time and effort in the process.
- Local real estate agents are skilled at negotiation. Whether you’re a first-time buyer or a seasoned investor, it’s always helpful, and sometimes crucial to have a skilled negotiator in your corner. While you may be well versed in the skill of negotiations, this is one of the areas where a real estate agent can really make a big difference and get you a considerably better deal.
- Local real estate agents can provide access to their well-curated professional network. The home-buying process involves so much more than simply choosing which one is best for you. You also have to deal with funding, inspections, and repairs, all of which can prove overwhelming should you choose to go about the process on your own. Working with a local real estate agent gives you instant access to professionals such as mortgage lenders, home inspectors, attorneys, and contractors in their network, all of whom are reliable and trusted.
INVEST IN BURR RIDGE REAL ESTATE WITH ALEXANDRA SHABAN TODAY!
If you’re planning on buying a Burr Ridge, IL home, have an expert like Alexandra Shaban by your side.
Named the #1 Youngest Luxury agent in Illinois, Alexandra brings a fresh and unique perspective to marketing and is noted for her commitment to providing top-quality and exceptional service to sellers and buyers in the Western Suburbs, South Suburbs, and Downtown Chicago.
A member of the Jameson Sotheby’s Elite top 1% of agents, Alexandra takes pride in her unparalleled work ethic, in-depth knowledge of the Burr Ridge housing market, and service-oriented approach to luxury real estate, all of which have led to record-breaking off-market sales.
In addition to her industry knowledge and razor-sharp negotiation skills, Alexandra is also incredibly social media-savvy and is noted for leveraging her massive following to market homes, earning her the reputation as one of America’s most successful, creative, and sought-after luxury real estate agents,
Ready to work with one of the best real estate professionals in the Chicago metropolitan area? Give Alexandra Shaban a call at 312.554.9496 or send her an email here, to get started.