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Featured local agent — Franklin Grove, IL
Sarah Mitchell
Compass Real Estate · Franklin Grove, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin Grove, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$182,000median sale price
How is the Franklin Grove, IL housing market right now?
The median home sale price in Franklin Grove, IL is $182,000. Homes sell in an average of 29 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin Grove a buyer's or seller's market?
Franklin Grove, IL is currently a seller's market, based on 3.0 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
29
Average pace
Active listings
3
3.0 months supply
Sale-to-list
104.1%
Above asking
What does the Franklin Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $182,000 |
| Median list price | $222,200 |
| Average days on market | 29 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 104.1% |
| Median price per sq ft | $130/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin Grove by property type?
How the Franklin Grove, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $182,000 | $130/sq ft | 1 | 29 days |
Source: Redfin · Updated monthly
The Franklin Grove housing market is currently classified as a seller's market with a median sale price of $182,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 29 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin Grove
There are currently 3 homes listed for sale in Franklin Grove, Illinois. The median listing price is $222K.
Active listings
3
Homes on market
Median list price
$222K
Avg. days on market
29
Days until sale
New this week
2
Newly listed
Who lives in Franklin Grove?
Population
1,086
Median income
$60,833/yr
Median age
41.5 years
Owner-occupied
66.2%
College grads
19.1%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin Grove?
Zillow home value
$199,214
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Franklin Grove?
Franklin Grove is a community of approximately 1K residents with a median age of 41.5 years.The median household income is $60,833, which represents a working-class community with solid middle-income opportunities. 19.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin Grove?
1 schools tracked · 242 students
The largest public schools serving Franklin Grove, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ashton-Franklin Center Elem Sch
Grades PK-6 · 242 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin Grove, IL?
Want a head-to-head view? Compare Franklin Grove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Franklin Grove?
The median home sale price in Franklin Grove is $182,000, down 0.0% from last year.
How long do homes stay on market in Franklin Grove?
Homes typically spend 29 days on market before going under contract.
What is the median income in Franklin Grove?
The median household income is $60,833 per year.
Is Franklin Grove a buyer's or seller's market?
With 3.0 months of supply, Franklin Grove is currently a seller's market.
What is the Zillow home value estimate for Franklin Grove?
The Zillow Home Value Index (ZHVI) for Franklin Grove is $199,214, representing the typical home value in the area.
How much does a single-family home cost in Franklin Grove?
The median single-family home price in Franklin Grove, IL is $182,000 (about $130 per square foot).
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