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Featured local agent — Grandwood Park, IL
Sarah Mitchell
Compass Real Estate · Grandwood Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grandwood Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$486,000median sale price
How is the Grandwood Park, IL housing market right now?
The median home sale price in Grandwood Park, IL is $486,000, down 12.2% year-over-year. Homes sell in an average of 57 days with 18 active listings. The market is currently a balanced 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 Grandwood Park a buyer's or seller's market?
Grandwood Park, IL is currently a balanced market, based on 3.0 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
57
Average pace
Active listings
18
3.0 months supply
Sale-to-list
100.0%
Below asking
What does the Grandwood Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $486,000 |
| Median list price | $324,900 |
| Year-over-year price change | -12.2% |
| Average days on market | 57 days |
| Active inventory | 18 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $175/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 9 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Grandwood Park by property type?
How the Grandwood 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 | $595,000 | $188/sq ft | 5 | 58 days |
| Condo / Co-op | $299,000 | $233/sq ft | 1 | 45 days |
| Townhouse | $377,000 | $140/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Grandwood Park housing market is currently classified as a balanced market with a median sale price of $486,000. Prices have fallen 12.2% compared to last year, with homes spending an average of 57 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.
Homes for sale in Grandwood Park
There are currently 18 homes listed for sale in Grandwood Park, Illinois. The median listing price is $325K.
Active listings
18
Homes on market
Median list price
$325K
Avg. days on market
57
Days until sale
New this week
9
Newly listed
Who lives in Grandwood Park?
Population
5,311
Median income
$124,847/yr
Median age
42.2 years
Owner-occupied
86.8%
College grads
59.1%
Avg commute
27.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Grandwood Park?
Grandwood Park is a community of approximately 5K residents with a median age of 42.2 years.The median household income is $124,847, which reflects a relatively affluent area with strong earning potential. 59.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Grandwood Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Grandwood Park, IL?
Want a head-to-head view? Compare Grandwood 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 Grandwood Park?
The median home sale price in Grandwood Park is $486,000, down 12.2% from last year.
How long do homes stay on market in Grandwood Park?
Homes typically spend 57 days on market before going under contract.
What is the median income in Grandwood Park?
The median household income is $124,847 per year.
Is Grandwood Park a buyer's or seller's market?
With 3.0 months of supply, Grandwood Park is currently a balanced market.
What is the median condo price in Grandwood Park?
The median condo/co-op sale price in Grandwood Park, IL is $299,000, compared to $595,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Grandwood Park?
The median single-family home price in Grandwood Park, IL is $595,000 (about $188 per square foot).
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