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Featured local agent — Grant Park, IL
Sarah Mitchell
Compass Real Estate · Grant Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Grant Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$150,000median sale price
How is the Grant Park, IL housing market right now?
The median home sale price in Grant Park, IL is $150,000. Homes sell in an average of 45 days with 5 active listings. The market is currently a leaning buyer's. (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 Grant Park a buyer's or seller's market?
Grant Park, IL is currently a leaning buyer's, based on 5.0 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
45
Average pace
Active listings
5
5.0 months supply
Sale-to-list
79.4%
Below asking
What does the Grant Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $150,000 |
| Median list price | $259,900 |
| Average days on market | 45 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 79.4% |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Grant Park by property type?
How the Grant 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 | $229,000 | $127/sq ft | 3 | 36 days |
| Townhouse | $250,000 | $167/sq ft | 1 | 67 days |
Source: Redfin · Updated monthly
The Grant Park housing market is currently classified as a leaning buyer's with a median sale price of $150,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 45 days on market, indicating 5.0 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 4.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Grant Park
There are currently 5 homes listed for sale in Grant Park, Illinois. The median listing price is $260K.
Active listings
5
Homes on market
Median list price
$260K
Avg. days on market
45
Days until sale
New this week
1
Newly listed
Who lives in Grant Park?
Population
1,547
Median income
$72,500/yr
Median age
33.5 years
Owner-occupied
67.4%
College grads
12.6%
Avg commute
31.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Grant Park?
Zillow home value
$295,431
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Grant Park?
Grant Park is a community of approximately 2K residents with a median age of 33.5 years.The median household income is $72,500, which represents a working-class community with solid middle-income opportunities. 12.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 67.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Grant Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Grant Park?
2 schools tracked · 444 students
The largest public schools serving Grant 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.
Grant Park Elem School
Grades PK-8 · 320 students
Grant Park High School
Grades 9-12 · 124 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 Grant Park, IL?
Want a head-to-head view? Compare Grant 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 Grant Park?
The median home sale price in Grant Park is $150,000, down 0.0% from last year.
How long do homes stay on market in Grant Park?
Homes typically spend 45 days on market before going under contract.
What is the median income in Grant Park?
The median household income is $72,500 per year.
Is Grant Park a buyer's or seller's market?
With 5.0 months of supply, Grant Park is currently a leaning buyer's.
What is the Zillow home value estimate for Grant Park?
The Zillow Home Value Index (ZHVI) for Grant Park is $295,431, representing the typical home value in the area.
How much does a single-family home cost in Grant Park?
The median single-family home price in Grant Park, IL is $229,000 (about $127 per square foot).
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