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GRANT PARK, IL 60940

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

Market Analysis

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

The GRANT PARK, IL real estate market (60940) currently shows 9 active listings, with 3 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 47 days on market compared to 135 days last year.

The median listing price has fallen 13.2% year-over-year, from $312,450 to $271,125.

Whether you are buying or selling in GRANT 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: 3,399  ·  Density: 17.1/mi²  ·  Median household income: $90,385

Typical home value: $228,810  ·  Homeownership: 83.9%

Market Overview

Active Listings
9
⇧ 80% vs 5 last year
Pending
3
33% pending ratio
Median Price
$271,125
⇩ 13.2% vs $312,450 last year
Average Price
$400,571
⇩ 29.5% vs $568,000 last year
Days on Market
47
⇩ 65.2% vs 135 days last year

Price Per Square Foot

Median $/sqft
$168
⇧ 9.8% vs $153/sqft last year
Median Home Size
1,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 5 last year
  • Days on market: 47 now vs 135 last year

Median & Average Pricing

Year over Year
  • Median: $271,125 (-13.2% YoY)
  • Average: $400,571 (-29.5% 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 17.9 miles — 904 listings ($334,726,874 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60940Grant Park, IL 609400.0 mi10$4,906,900$368,750$490,690
60954Momence, IL 609546.8 mi15$2,852,175$144,500$190,145
46356Lowell, IN 4635611.7 mi136$59,848,432$389,450$440,062
60914Bourbonnais, IL 6091412.3 mi69$28,346,511$340,725$410,819
60417Crete, IL 6041712.6 mi83$31,456,253$314,975$378,991
60449Monee, IL 6044913.0 mi27$11,315,835$347,175$419,105
60915Bradley, IL 6091513.4 mi25$4,563,300$186,750$182,532
46349Lake Village, IN 4634915.1 mi11$5,717,613$450,950$519,783
60910Aroma Park, IL 6091015.3 mi3$795,000$265,000$265,000
60466Park Forest, IL 6046615.9 mi152$25,183,968$159,925$165,684
46373Saint John, IN 4637316.1 mi123$85,157,328$713,250$692,336
46311Dyer, IN 4631116.5 mi63$31,306,149$352,450$496,923
60411Chicago Heights, IL 6041117.9 mi187$43,277,410$202,250$231,430

Frequently Asked Questions

How many homes are for sale in GRANT PARK, IL 60940?

As of March 2026, there are 9 active listings in GRANT PARK, IL (zip code 60940), compared to 5 the prior year.

What is the median home price in GRANT PARK, IL 60940?

The median listing price in GRANT PARK, IL 60940 is $271,125 as of March 2026, a 13.2% decrease from $312,450 the prior year.

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

Homes in GRANT PARK, IL 60940 spend an average of 47 days on the market before going under contract, compared to 135 days the prior year.

Is it a seller's or buyer's market in GRANT PARK, IL 60940?

Based on current inventory and days-on-market data as of March 2026, GRANT PARK, IL 60940 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 47 days on market compared to 135 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRANT PARK, IL 60940 save an estimated $5,423 compared to a typical 5% commission on the median listing price of $271,125. 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.