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Land Foreclosures in Franklin Park, IL

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Franklin Park, IL Foreclosures

How much do homes sell for in Franklin Park, IL?
The average home price is currently $418,171.
In Franklin Park, IL, how many homes are available?
There are currently 11,349 active home listings available in Franklin Park.
What’s the average rental cost in Franklin Park, IL?
The average rental price in Franklin Park is $1,725.
What is the most expensive home in Franklin Park?
The most expensive home sold in Franklin Park had a price of $76,945,952.
What is currently the cheapest priced home in Franklin Park, IL?
The cheapest home for sale in Franklin Park is priced at $28,818.

Living in Franklin Park, IL

Franklin Park, IL, is a suburban community with a close-knit atmosphere, just 20 miles from Chicago. The town boasts diverse amenities, including parks, shopping, and schools, making it ideal for families. Residents benefit from excellent public transportation and a variety of recreational activities.

Current Market Conditions in Franklin Park, IL

Currently, the real estate market in Franklin Park is experiencing steady growth due to its proximity to major Chicago highways and the ongoing development of local infrastructure. The demand for family homes and renting properties remains high as people seek out affordable living options while still enjoying access to urban conveniences.

Home prices have shown resilience, maintaining a balance between buyers and sellers within the market. Many new constructions and renovations are on the rise, indicating a healthy market with many options available for potential homeowners.

Home Value Estimator For Franklin Park, IL

There are currently 6,268 real estate properties in Franklin Park, IL, with a median automated valuation model (AVM) price of $327,077.00. 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 Park, 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 Park, IL, is $418,171.00, with the most expensive house in Franklin Park, IL, topping out at $76,945,952.00 and the cheapest home in Franklin Park, IL, clocking in at $28,818.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin Park, IL!

Rent Prices In Franklin Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Park, IL, is on a rollercoaster ride. The average rent price in Franklin Park, IL, is $1,725.00. Indeed, when looking to rent in Franklin Park, IL, you can expect to pay as little as $800.00 or as much as $2,460.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Franklin Park, 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.

Franklin Park, IL Land

Market Trend for Franklin Park, IL

Total Listings Available: 11,349

Market Values:

Home Prices from $28,818 to $76,945,952

Average Sales Price: $418,171

Rental Values:

Rental from $800 to $2,460

Average Rent Value: $1,725 / month

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