$1,068 Closing Credit*
$89,900
1,620 SqFt
3 Beds
•2 Full Baths
Kimberly Wilkins, Listing Office: RE/MAX ADVANTAGE
Housing Prices in Franklin, IL
How much do homes in Franklin, IL cost?
Median List Price
$86,400
$79/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$17,700(+25.8%)
Key Takeaway
The list price of homes in Franklin has increased by 25.8% since last year.
Summary: The median home list price in Franklin was $86,400 in October 2024, up 25.8% from the previous year, and the median price per square foot was $79.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1 | N/A |
| 2 Bedrooms | $59.5K | $74.9K | +25.9% |
| 3 Bedrooms | $124.2K | $84.9K | -31.6% |
| 4 Bedrooms | $220K | $199K | -9.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Franklin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.9%, 3 bedroom homes decreased by 31.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Metropolis | $84.9K | $118.7K | +39.8% |
| Franklin | $68.7K | $86.4K | +25.8% |
| Lincoln | $100K | $120.9K | +21.0% |
| Jefferson | $125K | $144.9K | +15.9% |
| Adkins | $157.4K | $155K | -1.5% |
Housing Supply in Franklin, IL
How many homes are available in Franklin, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Franklin real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Franklin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Franklin, IL
How long does it take to sell a home in Franklin, IL?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 85 Days | 59 Days | -30.4% |
Summary: Homes in Franklin had an average listing age of 59 days in Oct 2024, down by 30.4% compared to the previous year.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.