Is Franklin Grove, IL 61031 a buyer’s or seller’s market?
Franklin Grove is a seller’s market. With about 1.9 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.9Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list97.6%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$108▲ +4.3% vs. last year
Run the numbers for 61031
Nearby markets
Amboy 61310Seller’s market $113 /sq ftAshton 61006Seller’s market $107 /sq ftCompton 61318Seller’s market $220 /sq ftDixon 61021Seller’s market $126 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology