The Franklin Park housing market is somewhat competitive. The median sale price of a home in Franklin Park was $74K last month, up 38.2% since last year. The median sale price per square foot in Franklin Park is $64, up 25.5% since last year.
What is the housing market like in Franklin Park today?
In October 2024, Franklin Park home prices were up 38.2% compared to last year, selling for a median price of $74K. On average, homes in Franklin Park sell after 43 days on the market compared to 35 days last year. There were 32 homes sold in October this year, up from 26 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$73,950
+38.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Franklin Park, MI
$73,950
+38.2%
United States
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How hot is the Franklin Park housing market?
Franklin Park is somewhat competitive. Homes sell in 33.5 days.
0
100
48
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 6% below list price and go pending in around 34 days.
Hot homes
can sell for around list price and go pending in around 12 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Franklin Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Franklin Park.
Flood Factor - Moderate
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Franklin Park has a moderate risk of flooding. 610 properties in Franklin Park are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in Franklin Park. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Franklin Park has a minor risk of wildfire. There are 133 properties in Franklin Park that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Franklin Park.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Franklin Park has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Franklin Park is most at risk from severe storms. 4,170 properties in Franklin Park have some risk of being in a severe wind event within the next 30 years.