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.
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.
See What's Hot & What's Not in Franklin GroveFranklin Grove home sales for the month of July decreased in volume by 33.3% when compared to last year, while the median sale price decreased by 46.5% from $255,000 to $136,500. House sales decreased by 33.3%, while the median sale price decreased by 46.5% from $255,000 to $136,500.
15
|
18
|
8
|
16
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$91,000
|
$128,500
|
$142,000
|
$155,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |