Call or Text (240) SELL-123

GRANT PARK, IL 60940

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

Market Overview

Active Listings
10
⇧ 11.1% vs 9 last year
Pending
2
20% pending ratio
Median Price
$339,950
⇧ 3.8% vs $327,450 last year
Average Price
$464,967
⇧ 14.7% vs $405,433 last year
Days on Market
36
⇩ 61.3% vs 93 days last year

Market Context

Population: 3,399  ·  Density: 17.1/mi²  ·  Median household income: $90,385

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

Market Analysis

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

The GRANT PARK, IL real estate market (60940) currently shows 10 active listings, with 2 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 36 days on market compared to 93 days last year.

The median listing price has risen 3.8% year-over-year, from $327,450 to $339,950.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for GRANT PARK, IL 60940 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 9 last year
  • Days on market: 36 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $339,950 (+3.8% YoY)
  • Average: $464,967 (+14.7% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.9 miles — 720 listings ($259,852,581 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60940Grant Park, IL 609400.0 mi10$4,649,670$339,950$464,967
60954Momence, IL 609546.8 mi14$2,322,572$137,285$165,898
60468Peotone, IL 6046810.5 mi11$3,556,608$330,000$323,328
46303Cedar Lake, IN 4630312.0 mi107$51,028,942$425,000$476,906
60950Manteno, IL 6095012.6 mi27$9,421,110$359,900$348,930
60449Monee, IL 6044913.0 mi28$11,942,588$324,950$426,521
60915Bradley, IL 6091513.4 mi19$3,518,857$192,000$185,203
46349Lake Village, IN 4634915.1 mi11$5,675,340$469,450$515,940
60910Aroma Park, IL 6091015.3 mi1$97,400$97,400$97,400
60466Park Forest, IL 6046615.9 mi152$25,321,072$160,000$166,586
46373Saint John, IN 4637316.1 mi102$69,370,098$644,900$680,099
46311Dyer, IN 4631116.5 mi62$32,763,652$404,350$528,446
60411Chicago Heights, IL 6041117.9 mi176$40,184,672$196,500$228,322

Frequently Asked Questions

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

As of January 2026, there are 10 active listings in GRANT PARK, IL (zip code 60940), compared to 9 the prior year.

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

The median listing price in GRANT PARK, IL 60940 is $339,950 as of January 2026, a 3.8% increase from $327,450 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 36 days on the market before going under contract, compared to 93 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 January 2026, GRANT PARK, IL 60940 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 36 days on market compared to 93 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 $6,799 compared to a typical 5% commission on the median listing price of $339,950. 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.