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Featured local agent — Franklin Park, IL
Sarah Mitchell
Compass Real Estate · Franklin Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$360,000median sale price
How is the Franklin Park, IL housing market right now?
The median home sale price in Franklin Park, IL is $360,000. Homes sell in an average of 43 days with 31 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 Park a buyer's or seller's market?
Franklin Park, IL is currently a seller's market, based on 2.8 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
43
Average pace
Active listings
31
2.8 months supply
Sale-to-list
99.2%
Below asking
What does the Franklin Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $360,000 |
| Median list price | $389,450 |
| Average days on market | 43 days |
| Active inventory | 31 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $288/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 20 |
| Listings with a price cut | 19.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin Park by property type?
How the Franklin Park, 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 | $362,500 | $312/sq ft | 10 | 40 days |
| Condo / Co-op | $258,250 | $260/sq ft | 2 | 64 days |
| Townhouse | $165,000 | $156/sq ft | 1 | 55 days |
Source: Redfin · Updated monthly
The Franklin Park housing market is currently classified as a seller's market with a median sale price of $360,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 43 days on market, indicating 2.8 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 4.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Franklin Park
There are currently 31 homes listed for sale in Franklin Park, Illinois. The median listing price is $389K.
Active listings
31
Homes on market
Median list price
$389K
Avg. days on market
43
Days until sale
New this week
20
Newly listed
Who lives in Franklin Park?
Population
18,233
Median income
$76,009/yr
Median age
37 years
Owner-occupied
75.1%
College grads
18.7%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin Park?
Zillow home value
$320,378
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Franklin Park?
Franklin Park is a community of approximately 18K residents with a median age of 37 years.The median household income is $76,009, which reflects a relatively affluent area with strong earning potential. 18.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.1%, 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 Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin Park?
7 schools tracked · 3,102 students
The largest public schools serving Franklin Park, 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.
East Leyden High School
Grades 9-12 · 1,836 students
Hester Jr High School
Grades 6-8 · 453 students
Passow Elementary School
Grades PK-5 · 393 students
Dan H Pietrini Elem School
Grades PK-5 · 218 students
North Elem School
Grades PK-5 · 202 students
Phoenix Academy
Grade range n/a
Enger School
Grades PK-8
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 Park, IL?
Want a head-to-head view? Compare Franklin Park 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 Park?
The median home sale price in Franklin Park is $360,000, down 0.0% from last year.
How long do homes stay on market in Franklin Park?
Homes typically spend 43 days on market before going under contract.
What is the median income in Franklin Park?
The median household income is $76,009 per year.
Is Franklin Park a buyer's or seller's market?
With 2.8 months of supply, Franklin Park is currently a seller's market.
What is the Zillow home value estimate for Franklin Park?
The Zillow Home Value Index (ZHVI) for Franklin Park is $320,378, representing the typical home value in the area.
What is the median condo price in Franklin Park?
The median condo/co-op sale price in Franklin Park, IL is $258,250, compared to $362,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Franklin Park?
The median single-family home price in Franklin Park, IL is $362,500 (about $312 per square foot).
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