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 $608,266.67. The average annual property tax for Franklin Grove is $2,918.03.

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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: April 21st to April 27th

Homes Just Sold in Franklin Grove: April 21st to April 27th - April 28, 2026

Franklin Grove had only 1 sale during the week of Tuesday, April 21 to Monday, April 27, including and it was a single family home for sale with a list ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: April 18th to April 24th

New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: April 18th to April 24th - April 25, 2026

Franklin Grove had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, April 18 to Friday, April 24, and ... continue reading
New Homes For Sale This Week in Franklin Grove: April 17th to April 23rd

New Homes For Sale This Week in Franklin Grove: April 17th to April 23rd - April 24, 2026

Franklin Grove had only 1 new home for sale during the week of Friday, April 17 to Thursday, April 23, including and it was a single family home for sale ... continue reading
New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: April 11th to April 17th

New Homes with Master Bedrooms on the 1st Floor in Franklin Grove: April 11th to April 17th - April 18, 2026

Franklin Grove had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, April 11 to Friday, April 17, and ... continue reading
New Homes For Sale This Week in Franklin Grove: April 10th to April 16th

New Homes For Sale This Week in Franklin Grove: April 10th to April 16th - April 17, 2026

Franklin Grove had only 1 new home for sale during the week of Friday, April 10 to Thursday, April 16, including and it was a single family home for sale ... continue reading
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