Photo: Archaic saji at English Wikipedia · CC BY-SA 3.0132 homes sold in Franklin Park in the last year, at a typical $343K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin Park homes are listed.
Every place Franklin Park homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin Park.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 92% of Franklin Park’s sales, at a typical $344K (year to May 2026)
132 homes sold in the year to September 2026.
typical sale · 118 sold in the year to May 2026
- Per square foot
- $271IL $180
- Days to sell
- 55
- Sold over asking
- 58%
- Listings with a price cut
- 17%
Multi-family (2–4 units): 1 sold, typical $158K
Townhouses: 3 sold, typical $225K
Condos: 6 sold, typical $246K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
132 sales in the last year, against 269 in 2017 and a low of 134 in 2025. The typical sale went from $175K in 2016 to $343K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $350K buys in Franklin Park
Check a listing against what Franklin Park homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin Park are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Franklin Park’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 132 sales.
If you’re buying in Franklin Park
- Shop in March. It brings about 25 new listings a month, close to the busiest month, with fewer bidding wars (33% over asking).
- Bid near asking. Buyers paid 100.1% of the list price on average; 56% paid over.
- Move fast on good ones. 57% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 25 a month), but July is the most competitive: 45% of July sales close over asking. March offers nearly as much choice with fewer homes bid up (33%). January has the least competition (24%) but only about 14 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Illinois
| Franklin Park now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 56% | 25% | 49% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 57% | 37% | 55% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 97.9% | 100.2% | 99% |
| Days to sellMedian days from listing to contract | 49 | 57 | 14 | 51 |
28 homes for sale on a typical day
That’s 58% fewer than in 2017–19 and well under 2012’s 108.
Since 2019, houses are up 57%, condos 71%
A house typically sold for $344K in the year to May 2026 (118 sales), a condo for $246K (6).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Franklin Park ranks 8th of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Franklin Park is one of the state’s hottest markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin Park home costs about $2,443 a month
Price: Franklin Park’s typical sale, last 12 months. Property tax at Franklin Park’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin Park is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 10.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $343K home, about $7,840 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin Park, from test results, graduation and how much students grow.
Schools in Franklin ParkTypical commute
The average one-way trip to work for people who live in Franklin Park.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Schiller Park, Northlake, Stone Park, River Grove, Melrose Park and Elmwood Park sell for less a square foot
The busier markets within 25 miles of Franklin Park, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Elmwood Park | 279 | $386K | $228 | 40% | 56 |
| Franklin Park | 132 | $343K | $267 | 56% | 49 |
| River Grove | 119 | $321K | $233 | 40% | 57 |
| Schiller Park | 112 | $290K | $227 | 45% | 60 |
| Melrose Park | 100 | $360K | $220 | 32% | 83 |
| Northlake | 70 | $312K | $235 | 45% | 50 |
| Stone Park | 23 | $361K | $205 | 47% | 75 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin Park, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin Park. People who follow the town see it, and so do people comparing Franklin Park with their own town. No commission, no listing fee.
Questions about buying a home in Franklin Park
What do homes sell for in Franklin Park, IL?
132 homes sold in the year to September 2026 at a typical $343K, $267 a square foot.
Is Franklin Park a buyer’s or seller’s market?
A seller’s market: 26 homes were for sale in September 2026 and 14 sold, about 1.9 months of supply. Buyers paid 100.1% of asking on average.
When is the best time to buy in Franklin Park?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin Park?
About 2.3% of a home’s value a year. On a $343K home that’s near $7,840.
Where can I see homes for sale in Franklin Park?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin Park’s MLS listings; the search links above open each one filtered to Franklin Park.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).