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FRANKLIN GROVE, IL 61031

Real Estate Market Report  ·  Lee County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇧ 50% vs 2 last year
Pending
1
33% pending ratio
Median Price
$1,087,500
⇧ 507.5% vs $179,000 last year
Average Price
$1,087,500
⇧ 507.5% vs $179,000 last year
Days on Market
153
⇧ 163.8% vs 58 days last year

Market Context

Population: 1,745  ·  Density: 15.0/mi²  ·  Median household income: $72,639

Typical home value: $131,281  ·  Homeownership: 69.2%

Market Analysis

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

The FRANKLIN GROVE, IL real estate market (61031) currently shows 3 active listings, with 1 pending sales. Homes are averaging 153 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 taking longer to sell, averaging 153 days on market compared to 58 days last year.

The median listing price has risen 507.5% year-over-year, from $179,000 to $1,087,500.

Whether you are buying or selling in FRANKLIN GROVE, 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: 3 this year vs 2 last year
  • Days on market: 153 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $1,087,500 (+507.5% YoY)
  • Average: $1,087,500 (+507.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 144 listings ($41,197,972 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61031Franklin Grove, IL 610310.0 mi3$3,262,500$1,087,500$1,087,500
61021Dixon, IL 610218.3 mi51$15,142,206$207,000$296,906
61378West Brooklyn, IL 6137811.0 mi2$383,000$191,500$191,500
61015Chana, IL 6101512.7 mi1$349,900$349,900$349,900
61318Compton, IL 6131814.7 mi2$464,900$232,450$232,450
61068Rochelle, IL 6106815.2 mi24$7,197,456$277,450$299,894
61054Mount Morris, IL 6105416.8 mi7$1,113,000$159,000$159,000
61353Paw Paw, IL 6135319.0 mi3$843,900$245,000$281,300
61043Holcomb, IL 6104319.5 mi1$229,900$229,900$229,900
61349Ohio, IL 6134920.4 mi1$127,000$127,000$127,000
61084Stillman Valley, IL 6108420.8 mi10$4,402,170$412,450$440,217
61071Rock Falls, IL 6107121.1 mi29$5,026,570$125,000$173,330
61020Davis Junction, IL 6102022.2 mi10$2,655,470$271,215$265,547

Frequently Asked Questions

How many homes are for sale in FRANKLIN GROVE, IL 61031?

As of January 2026, there are 3 active listings in FRANKLIN GROVE, IL (zip code 61031), compared to 2 the prior year.

What is the median home price in FRANKLIN GROVE, IL 61031?

The median listing price in FRANKLIN GROVE, IL 61031 is $1,087,500 as of January 2026, a 507.5% increase from $179,000 the prior year.

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

Homes in FRANKLIN GROVE, IL 61031 spend an average of 153 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in FRANKLIN GROVE, IL 61031?

Based on current inventory and days-on-market data as of January 2026, FRANKLIN GROVE, IL 61031 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 153 days on market compared to 58 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FRANKLIN GROVE, IL 61031 save an estimated $21,750 compared to a typical 5% commission on the median listing price of $1,087,500. 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.