Housing Prices in Franklin Grove, IL

How much do homes in Franklin Grove, IL cost?

Median List Price

$148,450

$95/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$13,500(+10.0%)

Key Takeaway

The list price of homes in Franklin Grove has increased by 10% since last year.

Summary: The median home list price in Franklin Grove was $148,450 in May 2024, up 10% from the previous year, and the median price per square foot was $95.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $104.9K$82.9K
-20.9%
3 $164.9K$130.9K
-20.6%
4 $81.9K$163.9K
+100.0%
5+ $340K$564.5K
+66.0%

Summary: Franklin Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 66%.

Median List Price Compared To Nearby Cities

Franklin Grove
+10.0%
Franklin Grove Township
+10.0%

Housing Supply in Franklin Grove, IL

How many homes are available in Franklin Grove, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
25+150.0%

Summary: The Franklin Grove real estate market had 5 homes for sale in May 2024, a 150.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 02
+100.0%
4 12
+100.0%
5+ 11
0.0%

Summary: The Franklin Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for Franklin Grove, IL

How long does it take to sell a home in Franklin Grove, IL?

Average Listing Age

May 2023May 2024CHANGE
55 Days77 Days+41.1%

Summary: Homes in Franklin Grove had an average listing age of 77 days in May 2024, up by 41.1% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Franklin Grove, IL

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