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 4 single family homes for sale with an average list price of $304,375 and 2 lots for sale with an average list price of $967,750. The average annual property tax for Franklin Grove is $2,363.91.

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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

Homes Just Sold in Franklin Grove: June 17th to June 23rd

Homes Just Sold in Franklin Grove: June 17th to June 23rd - June 24, 2025

Franklin Grove had only 1 sale during the week of Tuesday, June 17 to Monday, June 23, including and it was a single family home for sale with a list ... continue reading
New Homes For Sale This Week in Franklin Grove: June 13th to June 19th

New Homes For Sale This Week in Franklin Grove: June 13th to June 19th - June 20, 2025

Franklin Grove had only 1 new home for sale during the week of Friday, June 13 to Thursday, June 19, including and it was a lot for sale with a ... continue reading
Homes Just Sold in Franklin Grove: June 10th to June 16th

Homes Just Sold in Franklin Grove: June 10th to June 16th - June 17, 2025

Franklin Grove had only 1 sale during the week of Tuesday, June 10 to Monday, June 16, including and it was a single family home for sale with a list ... continue reading
New Foreclosures & Short Sales in Franklin Grove: June 2nd to June 8th

New Foreclosures & Short Sales in Franklin Grove: June 2nd to June 8th - June 9, 2025

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

New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: May 31st to June 6th - June 7, 2025

Franklin Grove had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, May 31 to Friday, June 6, and ... continue reading
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