Why Live in Franklin Park
Franklin Park, an independent village less than 20 miles from downtown Chicago and under 5 miles from O’Hare International Airport, offers convenient commuting options with its Metra commuter rail stops and Pace public bus service. The neighborhood is known for its quiet and safe environment, with many residents staying for 15 to 20 years. Recreational opportunities are abundant, with North Park featuring baseball diamonds, sand volleyball and basketball courts, and a walking trail. The Franklin Park Ice Arena offers public ice skating and hockey clubs, while Gouin Pool provides water slides, a kiddie pool, and additional outdoor amenities like tennis courts and a playground. Annual events such as Franklin Park Fest and Winterfest bring the community together with live music, food vendors, and seasonal activities.
Housing in Franklin Park primarily consists of Cape Cod, ranch-style, and raised ranch homes built in the 1950s, with many properties featuring renovations. Most homes range from 1,000 to 2,000 square feet and are priced between $275,000 and $325,000. The neighborhood has good walkability with sidewalks on most streets, and 71% of residents are homeowners. Dining options include Grand Stand Pizza, known for its stuffed and thin-crust pizzas, and Garden of Eat’n, a popular breakfast and lunch spot. Grocery shopping is convenient with Jewel-Osco and Tony’s Fresh Market nearby.
Educationally, East Leyden High School and West Leyden are highly rated, providing quality education to local students. The area is safer than the national average, making it an attractive option for families and individuals alike.
Home Trends in Franklin Park, IL
On average, homes in Franklin Park, IL sell after 24 days on the market compared to the national average of 51 days. The median sale price for homes in Franklin Park, IL over the last 12 months is $325,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$333,000
Median Townhouse Sale Price
$273,500
Median 2 Bedroom Sale Price
$197,000
Median 1 Bedroom Sale Price
$199,500
Average Price Per Sq Ft
$252
Number of Homes for Sale
22
Last 12 months Home Sales
172
Median List Price
$334,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%