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Franklin Park, Illinois 60131
The village of Franklin Park is located approximately 15 miles northwest of the Chicago "Loop" in suburban Cook County. As of the 2000 census, the village had a total population of 19,800.
The village is bordered by Schiller Park to the north, River Grove to the east, and unincorporated Leyden Township on the south and west. O'Hare International Airport is approximately 3 miles from the village.
According to data from the Northern Illinois MLS there were 131 sales of single family homes in 2007, down from 181 in 2006. The average sales price was $252,206.00, this was a decrease from $274,396.00 in 2006. Marketing times were an average of 131 days on the market, up over the 2006 average of 76 days.
As of February 21, 2008 there are 149 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 13.65 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.
To recap 2007 for detached homes, sales volume was down -27.62%, average sales prices are down -8.08% and the days on the market were up +72.36%. This market is oversupplied and the 101 active listings have already been on the market an average of 166 days.
If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.
Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.
Citywide Services provides residential appraisal service in Franklin Park, IL. 60131. Our appraisers are certified by the State of Illinois. We have experience with all types of residential property and appraise single family homes, townhouses, condominiums as well as small residential income properties. When you need to find an appraiser in Cook County contact Citywide.
To order an appraisal or to speak with an appraiser call 1-800-405-9718
Geographic Area: Franklin Park, Cook County Illinois 60131
| Subject |
Number |
Percent |
|
Subject |
Number |
Percent |
|
| Total housing units |
6,647 |
100.0 |
|
OCCUPANTS PER ROOM |
|
|
| UNITS IN STRUCTURE |
|
|
|
Occupied housing units |
6,492 |
100.0 |
| 1-unit, detached |
4,815 |
72.4 |
|
1.00 or less |
5,708 |
87.9 |
| 1-unit, attached |
139 |
2.1 |
|
1.01 to 1.50 |
399 |
6.1 |
| 2 units |
208 |
3.1 |
|
1.51 or more |
385 |
5.9 |
| 3 or 4 units |
332 |
5.0 |
|
|
|
|
| 5 to 9 units |
452 |
6.8 |
|
Specified owner-occupied units |
4,458 |
100.0 |
| 10 to 19 units |
533 |
8.0 |
|
VALUE |
|
|
| 20 or more units |
168 |
2.5 |
|
Less than $50,000 |
21 |
0.5 |
| Mobile home |
0 |
0.0 |
|
$50,000 to $99,999 |
242 |
5.4 |
| Boat, RV, van, etc. |
0 |
0.0 |
|
$100,000 to $149,999 |
2,357 |
52.9 |
| |
|
|
|
$150,000 to $199,000 |
1,663 |
37.3 |
| YEAR STRUCTURE BUILT |
|
|
|
$200,000 to $299,999 |
149 |
3.3 |
| 1999 to March 2000 |
0 |
0.0 |
|
$300,000 to $499,999 |
17 |
0.4 |
| 1995 to 1998 |
52 |
0.8 |
|
$500,000 to $999,999 |
0 |
0.0 |
| 1990 to 1994 |
15 |
0.2 |
|
$1,000,000 or more |
9 |
0.2 |
| 1980 to 1989 |
150 |
2.3 |
|
Median (dollars) |
144,100 |
(X) |
| 1970 to 1979 |
583 |
8.8 |
|
|
|
|
| 1960 to 1969 |
1,239 |
18.6 |
|
MORTGAGE STATUS AND SELECTED |
|
|
| 1940 to 1959 |
4,000 |
60.2 |
|
MONTHLY OWNER COSTS |
|
|
| 1939 or earlier |
608 |
9.1 |
|
With a mortgage |
2,861 |
64.2 |
| |
|
|
|
Less than $300 |
0 |
0.0 |
| ROOMS |
|
|
|
$300 to $499 |
33 |
0.7 |
| 1 room |
180 |
2.7 |
|
$500 to $699 |
120 |
2.7 |
| 2 rooms |
199 |
3.0 |
|
$700 to $999 |
472 |
10.6 |
| 3 rooms |
753 |
11.3 |
|
$1,000 to $1,499 |
1,650 |
37.0 |
| 4 rooms |
1,116 |
16.8 |
|
$1,500 to $1,999 |
525 |
11.8 |
| 5 rooms |
1,846 |
27.8 |
|
$2,000 or more |
61 |
1.4 |
| 6 rooms |
1,213 |
18.2 |
|
Median (dollars) |
1,237 |
(X) |
| 7 rooms |
799 |
12.0 |
|
Not mortgaged |
1,597 |
35.8 |
| 8 rooms |
324 |
4.9 |
|
Median (dollars) |
337 |
(X) |
| 9 or more rooms |
217 |
3.3 |
|
|
|
|
| Median (rooms) |
5.1 |
(X) |
|
SELECTED MONTHLY OWNER COSTS |
|
|
| |
|
|
|
AS A PERCENTAGE OF HOUSEHOLD |
|
|
| Occupied Housing Units |
6,492 |
100.0 |
|
INCOME IN 1999 |
|
|
| YEAR HOUSEHOLDER MOVED INTO UNIT |
|
|
|
Less than 15 percent |
1,411 |
31.7 |
| 1999 to March 2000 |
907 |
14.0 |
|
15 to 19 percent |
774 |
17.4 |
| 1995 to 1998 |
1,691 |
26.0 |
|
20 to 24 percent |
620 |
13.9 |
| 1990 to 1994 |
1,075 |
16.6 |
|
25 to 29 percent |
493 |
11.1 |
| 1980 to 1989 |
873 |
13.4 |
|
30 to 34 percent |
265 |
5.9 |
| 1970 to 1979 |
594 |
9.1 |
|
35 percent or more |
844 |
18.9 |
| 1969 or earlier |
1,352 |
20.8 |
|
Not computed |
51 |
1.1 |
| |
|
|
|
|
|
|
| VEHICLES AVAILABLE |
|
|
|
Specified renter-occupied units |
1,742 |
100.0 |
| None |
663 |
10.2 |
|
GROSS RENT |
|
|
| 1 |
2,209 |
34.0 |
|
Less than $200 |
51 |
2.9 |
| 2 |
2,380 |
36.7 |
|
$200 to $299 |
85 |
4.9 |
| 3 or more |
1,240 |
19.1 |
|
$300 to $499 |
332 |
19.1 |
| |
|
|
|
$500 to $749 |
945 |
54.2 |
| HOUSE HEATING FUEL |
|
|
|
$750 to $999 |
165 |
9.5 |
| Utility Gas |
5,750 |
88.6 |
|
$1,000 to $1,499 |
108 |
6.2 |
| Bottled, Tank, or LP gas |
41 |
0.6 |
|
$1,500 or more |
0 |
0.0 |
| Electricity |
659 |
10.2 |
|
No cash rent |
56 |
3.2 |
| Fuel oil, kerosene, etc. |
13 |
0.2 |
|
Median (dollars) |
567 |
(X) |
| Coal or coke |
0 |
0.0 |
|
|
|
|
| Wood |
8 |
0.1 |
|
GROSS RENT AS A PERCENTAGE OF |
|
|
| Solar energy |
0 |
0.0 |
|
HOUSEHOLD INCOME IN 1999 |
|
|
| Other fuel |
7 |
0.1 |
|
Less than 15 percent |
402 |
23.1 |
| No fuel used |
14 |
0.2 |
|
15 to 19 percent |
269 |
15.4 |
| |
|
|
|
20 to 24 percent |
181 |
10.4 |
| SELECTED CHARACTERISTICS |
|
|
|
25 to 29 percent |
254 |
14.6 |
| Lacking complete plumbing facilities |
16 |
0.2 |
|
30 to 34 percent |
125 |
7.2 |
| Lacking complete kitchen facilities |
7 |
0.1 |
|
35 percent or more |
384 |
22.0 |
| No telephone service |
170 |
2.6 |
|
Not computed |
127 |
7.3 |
| |
| -Represent zero or rounds to zero. (X) Not applicable. |
| Source: U.S. Bureau of the Census, Census 2000 |
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