Grant Park, IL—60940

As of Aug '25, the median home price in Grant Park, IL is $289,000, with a year-over-year change of 1.3%. This indicates that home prices in Grant Park, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Grant Park, IL is 71. This is an decrease of -55.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Grant Park, IL in that year was 36. 89.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 65.0%. Of those, 19.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Grant Park, IL. Investor activity in Grant Park, IL is low, as 3.0% of all loans are originated by investors. In 2023, 6.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.