The Chicago real estate market as seen by a local appraiser
Thursday, February 12, 2015
The current single family home market in Franklin Park, IL 60131
Real estate appraiser Michael Walsh performs a market analysis on single family homes in the village of Franklin Park, IL 60131
According to MRED MLS statistics for the last twelve months for MLS area 131 Franklin Park, the median sales price for Detached Housing increased +8.2%, average marketing time declined -3.3% to 89 days on the market, and there is currently a 4.1 month supply of inventory. This level is considered a small oversupply. REO & Short Sales account for approximately 39% of total sales.