Franklin Grove, IL Foreclosures
How much do homes sell for in Franklin Grove, IL?
The average home price is currently $181,717.
In Franklin Grove, IL, how many homes are available?
There are currently 3 active home listings available in Franklin Grove.
What’s the average rental cost in Franklin Grove, IL?
The average rental price in Franklin Grove is $1,217.
What is the most expensive home in Franklin Grove?
The most expensive home sold in Franklin Grove had a price of $2,896,484.
What is currently the cheapest priced home in Franklin Grove, IL?
The cheapest home for sale in Franklin Grove is priced at $21,009.
Living in Franklin Grove, IL
Franklin Grove is a charming small village in Illinois offering a peaceful lifestyle with access to nature and community activities. Known for its beautiful landscapes and strong community ties, it provides a perfect blend of rural tranquility and suburban living.
Current Market Conditions in Franklin Grove, IL
The real estate market in Franklin Grove is currently stable with a mix of single-family homes, farms, and smaller residential properties available. The demand for homes in this area has remained steady, particularly among families and retirees looking for a quieter environment. As of late, homes in Franklin Grove have seen consistent appreciation in value, driven by its appeal as a family-friendly community with good schools and amenities.
Recent trends indicate an increase in interest from potential homebuyers, likely influenced by the ongoing desire for more spacious living conditions in suburban areas, amplified by remote work opportunities.
Home Value Estimator For Franklin Grove, IL
There are currently 505 real estate properties
in Franklin Grove, IL,
with a median automated valuation model (AVM) price
of $147,946.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Franklin Grove, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Franklin Grove, IL,
is $181,717.00, with the most expensive house
in Franklin Grove, IL, topping out
at $2,896,484.00 and the cheapest home
in Franklin Grove, IL,
clocking in at $21,009.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin Grove, IL!
Rent Prices
In Franklin Grove, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin Grove, IL, is on
a rollercoaster ride. The
average rent price in Franklin Grove, IL,
is $1,217.00. Indeed, when looking to rent in
Franklin Grove, IL, you can expect to pay as little
as $710.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,180.00. The good news is that finding
an affordable and desirable property to rent in Franklin Grove, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
