Altos Market Data for Realtors

Franklin Park, IL

Single-Family Homes

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Franklin Park, IL

Tue May 30 2023
This week the median list price for Franklin Park, IL is $310,000 with the market action index hovering around 72. This is an increase over last month's market action index of 71. Inventory has increased to 10. Click here to stay informed with the Franklin Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Franklin Park, IL

Tue May 30 2023
This week the median list price for Franklin Park, IL is $310,000 with the market action index hovering around 72. This is an increase over last month's market action index of 71. Inventory has increased to 10. Click here to stay informed with the Franklin Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Franklin Park market.
Median List Price $310,000
Median Price of New Listings $259,450
Per Square Foot $211
Average Days on Market 68
Median Days on Market 28
Price Decreased 30%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent
Market Action 72
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$445,000 1,547 0 - 4,500 sqft 4 2.3 82 0 0 35
$389,450 1,850 4,500 - 6,500 sqft 4 3 83 0 0 143
$305,000 1,484 4,500 - 6,500 sqft 3 2 67 1 0 21
$219,900 1,078 4,500 - 6,500 sqft 3 2 72 3 2 0