Franklin Grove, IL Home Values & Market Trends
Real estate market trends reflect that there have been 27 transactions over the past year in Franklin Grove. The median value for residential home transactions that occurred over the previous year is $223,050. The number of current listings in Franklin Grove is 18, and the percentage of properties for sale in the city is 18.00%. Franklin Grove, IL currently has 4 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 18 properties for sale.
Franklin Grove, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61031 | $ 223,050 $ 142/sqft |
Housing Market Summary for Franklin Grove, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $176.2K | $214.9K | 21.96% |
| Median Sold Price | $151.5K | $111.7K | -26.29% |
| Homes For Sale | 10 | 17 | 70.00% |
| Homes Sold | 7 | 11 | 57.14% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Franklin Grove, IL
Browse Homes in Franklin Grove, IL
Franklin Grove home values range from $35,917 to $830,678. The median estimated value of a home in Franklin Grove is $223,050. The median list price of a home is 194,900, and the total count of properties in the city is 38.
- Pre-ForeclosurePre-foreclosure homes account for 10.53% of all residential properties in Franklin Grove, IL with 61031 containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Franklin Grove, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $285,771 in 61031 to the lowest home value of $89,883 in 61031.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Franklin Grove, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Franklin Grove, IL. There is 1 zips within Franklin Grove, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Franklin Grove, IL. Auction homes and other auction properties account for 0% of all properties in Franklin Grove, IL. There is 1 zips within Franklin Grove, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Franklin Grove, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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