Franklin Grove, IL, Real Estate

Franklin Grove, Illinois, is a small village in Lee County with a population of around 1,086, offering a quiet, suburban lifestyle. Named after pioneer James R. Franklin, the village is historically significant as a stop along the Lincoln Highway, the first transcontinental automobile route in the United States, and hosts the Lincoln Highway Association’s National Headquarters in a historic building. Surrounded by the natural beauty of Franklin Creek State Natural Area, which features 882 acres of forests, springs, and trails, the village is ideal for outdoor enthusiasts. With a close-knit community, above-average public schools, and a conservative-leaning populace, Franklin Grove blends rural charm with historical pride.

Franklin Grove currently has 3 single family homes for sale with an average list price of $739,966.67 and 1 lot for sale with a list price of $1,908,000. The average annual property tax for Franklin Grove is $2,772.64.

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Franklin Grove, i.e. what's hot and what's not.

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Recent Sales

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Market Trends

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Real Estate News

New Foreclosures & Short Sales in Franklin Grove: February 2nd to February 8th

New Foreclosures & Short Sales in Franklin Grove: February 2nd to February 8th - February 9, 2026

Franklin Grove had only 1 new foreclosure and/or short sale during the week of Monday, February 2 to Sunday, February 8, and it was a single family home for sale ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: January 31st to February 6th

New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: January 31st to February 6th - February 7, 2026

Franklin Grove had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, January 31 to Friday, February 6, and ... continue reading
Homes Just Sold in Franklin Grove: January 20th to January 26th

Homes Just Sold in Franklin Grove: January 20th to January 26th - January 27, 2026

Franklin Grove had only 1 sale during the week of Tuesday, January 20 to Monday, January 26, including and it was a single family home for sale with a list ... continue reading
Homes Just Sold in Franklin Grove: December 30th to January 5th

Homes Just Sold in Franklin Grove: December 30th to January 5th - January 6, 2026

Franklin Grove had only 1 sale during the week of Tuesday, December 30 to Monday, January 5, including and it was a single family home for sale with a list ... continue reading
Homes Just Sold in Franklin Grove: December 9th to December 15th

Homes Just Sold in Franklin Grove: December 9th to December 15th - December 16, 2025

Franklin Grove had only 1 sale during the week of Tuesday, December 9 to Monday, December 15, including and it was a single family home for sale with a list ... continue reading
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