May 2021: Franklin Park experienced a 31% increase in median home prices

May 2021: Franklin Park experienced a 31% increase in median home prices
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The median sale price of a home sold in May 2021 in Franklin Park rose by $60,500 while total sales increased by 188.9%, according to BlockShopper.com.

In May 2021, there were 26 homes sold, with a median sale price of $255,500 – a 31% increase over the $195,000 median sale price for the same period of the previous year. There were nine homes sold in Franklin Park in May 2020.

The median sales tax in Franklin Park for the most recent year with available data, 2019, was $5,077, approximately 2% of the median home sale price for May 2021.

The following table compares Franklin Park to other Cook County cities with similar median sale prices in May 2021:

City May 2021 Home Sales May 2020 Home Sales % change (Total Home Sales) May 2021 Median Sales Price May 2020 Median Sales Price % change (Median Sales Price)
Stickney 5 2 150% $270,000 $220,000 22.7%
Elk Grove Village 50 23 117.4% $267,000 $258,000 3.5%
Stone Park 5 0 – $265,000 $0 –
Bartlett 29 6 383.3% $260,000 $312,000 -16.7%
Burbank 36 5 620% $256,000 $211,000 21.3%
Franklin Park 26 9 188.9% $255,500 $195,000 31%
Flossmoor 20 7 185.7% $250,000 $180,500 38.5%
Berkeley 5 0 – $250,000 $0 –
Rolling Meadows 54 14 285.7% $249,500 $222,500 12.1%
Evergreen Park 36 10 260% $241,500 $240,000 0.6%
Wheeling 54 19 184.2% $239,500 $170,000 40.9%


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