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FRANKLIN PARK, IL 60131

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The FRANKLIN PARK, IL real estate market (60131) currently shows 28 active listings, with 16 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 42 days on market compared to 51 days last year.

The median listing price has risen 8% year-over-year, from $329,900 to $356,150.

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 Context

Market Context

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

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

Market Overview

Active Listings
28
vs 28 last year
Pending
16
57% pending ratio
Median Price
$356,150
⇧ 8% vs $329,900 last year
Average Price
$368,376
⇧ 7.7% vs $341,956 last year
Days on Market
42
⇩ 17.6% vs 51 days last year

Price Per Square Foot

Median $/sqft
$289
⇧ 12% vs $258/sqft last year
Median Home Size
1,287 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 42 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $356,150 (+8% YoY)
  • Average: $368,376 (+7.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.9 miles — 639 listings ($373,111,034 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60131Franklin Park, IL 601310.0 mi29$10,983,286$358,650$378,734
60164Melrose Park, IL 601641.7 mi30$8,362,110$304,500$278,737
60171River Grove, IL 601712.5 mi28$9,931,096$356,750$354,682
60106Bensenville, IL 601063.4 mi17$6,252,209$367,217$367,777
60656Chicago, IL 606563.8 mi31$12,674,164$333,475$408,844
60706Harwood Heights, IL 607063.9 mi39$18,428,592$443,749$472,528
60707Elmwood Park, IL 607074.0 mi80$26,320,240$247,975$329,003
60126Elmhurst, IL 601264.2 mi122$149,998,512$1,320,000$1,229,496
60153Maywood, IL 601534.5 mi54$18,669,042$349,925$345,723
60631Chicago, IL 606315.3 mi33$17,807,064$489,900$539,608
60068Park Ridge, IL 600685.5 mi71$51,219,684$592,425$721,404
60302Oak Park, IL 603025.6 mi65$31,298,475$394,450$481,515
60130Forest Park, IL 601305.9 mi40$11,166,560$196,975$279,164

Frequently Asked Questions

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

As of March 2026, there are 28 active listings in FRANKLIN PARK, IL (zip code 60131), compared to 28 the prior year.

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

The median listing price in FRANKLIN PARK, IL 60131 is $356,150 as of March 2026, a 8% increase from $329,900 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 42 days on the market before going under contract, compared to 51 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 March 2026, FRANKLIN PARK, IL 60131 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 42 days on market compared to 51 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 $7,123 compared to a typical 5% commission on the median listing price of $356,150. 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.