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FRANKLIN PARK, IL 60131

Real Estate Market Report  ·  Cook County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
20
⇩ 13% vs 23 last year
Pending
6
30% pending ratio
Median Price
$345,000
⇧ 7.4% vs $321,150 last year
Average Price
$354,433
⇧ 7.4% vs $330,019 last year
Days on Market
34
⇩ 50.7% vs 69 days last year

Market Context

Population: 18,258  ·  Density: 1,296.7/mi²  ·  Median household income: $74,606

Typical home value: $246,459  ·  Homeownership: 73.7%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The FRANKLIN PARK, IL real estate market (60131) currently shows 20 active listings, with 6 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 69 days last year.

The median listing price has risen 7.4% year-over-year, from $321,150 to $345,000.

Whether you are buying or selling in FRANKLIN PARK, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 23 last year
  • Days on market: 34 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $345,000 (+7.4% YoY)
  • Average: $354,433 (+7.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.9 miles — 570 listings ($308,644,116 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60131Franklin Park, IL 601310.0 mi20$7,088,660$345,000$354,433
60164Melrose Park, IL 601641.7 mi29$8,188,875$305,000$282,375
60171River Grove, IL 601712.5 mi27$9,750,483$399,000$361,129
60106Bensenville, IL 601063.4 mi16$5,956,112$359,900$372,257
60656Chicago, IL 606563.8 mi32$11,852,896$232,000$370,403
60706Harwood Heights, IL 607063.9 mi30$13,257,960$435,000$441,932
60707Elmwood Park, IL 607074.0 mi73$27,075,554$350,000$370,898
60126Elmhurst, IL 601264.2 mi97$115,429,709$899,900$1,189,997
60153Maywood, IL 601534.5 mi56$17,845,408$330,000$318,668
60631Chicago, IL 606315.3 mi33$15,625,863$457,450$473,511
60068Park Ridge, IL 600685.5 mi62$42,050,260$599,000$678,230
60302Oak Park, IL 603025.6 mi56$21,812,392$279,000$389,507
60130Forest Park, IL 601305.9 mi39$12,709,944$269,900$325,896

Frequently Asked Questions

How many homes are for sale in FRANKLIN PARK, IL 60131?

As of January 2026, there are 20 active listings in FRANKLIN PARK, IL (zip code 60131), compared to 23 the prior year.

What is the median home price in FRANKLIN PARK, IL 60131?

The median listing price in FRANKLIN PARK, IL 60131 is $345,000 as of January 2026, a 7.4% increase from $321,150 the prior year.

How long do homes stay on the market in FRANKLIN PARK, IL?

Homes in FRANKLIN PARK, IL 60131 spend an average of 34 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in FRANKLIN PARK, IL 60131?

Based on current inventory and days-on-market data as of January 2026, FRANKLIN PARK, IL 60131 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 34 days on market compared to 69 days last year.

How much can I save on real estate commission in FRANKLIN PARK, IL?

With SELL123.com's maximum 3% commission, sellers in FRANKLIN PARK, IL 60131 save an estimated $6,900 compared to a typical 5% commission on the median listing price of $345,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.