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FRANKLIN GROVE, IL 61031

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

Market Analysis

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

The FRANKLIN GROVE, IL real estate market (61031) currently shows 3 active listings, with 2 pending sales. Homes are averaging 152 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 152 days on market compared to 21 days last year.

The median listing price has risen 941.2% year-over-year, from $124,850 to $1,300,000.

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 Context

Market Context

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

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

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
2
67% pending ratio
Median Price
$1,300,000
⇧ 941.2% vs $124,850 last year
Average Price
$1,300,000
⇧ 941.2% vs $124,850 last year
Days on Market
152
⇧ 623.8% vs 21 days last year

Price Per Square Foot

Median $/sqft
$88
⇧ 8.6% vs $81/sqft last year
Median Home Size
15,500 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 152 now vs 21 last year

Median & Average Pricing

Year over Year
  • Median: $1,300,000 (+941.2% YoY)
  • Average: $1,300,000 (+941.2% 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 22.2 miles — 126 listings ($34,850,479 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61031Franklin Grove, IL 610310.0 mi3$2,268,624$723,725$756,208
61021Dixon, IL 610218.3 mi57$16,458,294$209,950$288,742
61378West Brooklyn, IL 6137811.0 mi2$377,000$188,500$188,500
61367Sublette, IL 6136714.5 mi2$280,000$140,000$140,000
60553Steward, IL 6055314.9 mi1$309,900$309,900$309,900
61042Harmon, IL 6104216.1 mi1$284,900$284,900$284,900
61064Polo, IL 6106417.6 mi11$1,801,998$162,500$163,818
61353Paw Paw, IL 6135319.0 mi3$836,901$245,000$278,967
61043Holcomb, IL 6104319.5 mi2$399,800$199,900$199,900
61349Ohio, IL 6134920.4 mi1$127,000$127,000$127,000
61084Stillman Valley, IL 6108420.8 mi7$4,042,556$602,500$577,508
61071Rock Falls, IL 6107121.1 mi25$4,684,200$165,675$187,368
61020Davis Junction, IL 6102022.2 mi11$2,979,306$285,224$270,846

Frequently Asked Questions

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

As of March 2026, there are 3 active listings in FRANKLIN GROVE, IL (zip code 61031), compared to 5 the prior year.

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

The median listing price in FRANKLIN GROVE, IL 61031 is $1,300,000 as of March 2026, a 941.2% increase from $124,850 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 152 days on the market before going under contract, compared to 21 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 March 2026, FRANKLIN GROVE, IL 61031 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 152 days on market compared to 21 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 $26,000 compared to a typical 5% commission on the median listing price of $1,300,000. 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.