Altos Market Data for Realtors

Franklin Park, IL

Single-Family Homes

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Franklin Park, IL

Tue Sep 21 2021
This week the median list price for Franklin Park, IL is $277,000 with the market action index hovering around 59. This is less than last month's market action index of 68. Inventory has decreased to 28. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Franklin Park, IL

Tue Sep 21 2021
This week the median list price for Franklin Park, IL is $277,000 with the market action index hovering around 59. This is less than last month's market action index of 68. Inventory has decreased to 28. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Franklin Park market.
Median List Price $277,000
Median Price of New Listings $267,400
Per Square Foot $236
Average Days on Market 76
Median Days on Market 46
Price Decreased 32%
Price Increased 4%
Relisted 18%
Inventory 28
Median Rent $2,100
Market Action 59
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$325,000 1,462 4,500 - 6,500 sqft 3 2 66 0 1 49
$299,000 1,243 4,500 - 6,500 sqft 3 2 68 2 1 28
$269,000 1,079 4,500 - 6,500 sqft 3 2 65 0 1 63
$219,999 968 4,500 - 6,500 sqft 2 1 70 2 0 35