Frankfort, IL
Housing market overview · Updated weekly
$550,000median sale price
Homes sold
7
Last 12 weeks
Days on market
57
Average pace
Active listings
44
6.3 months supply
Sale-to-list
97.7%
Below asking
The Frankfort housing market is currently classified as a buyer's market with a median sale price of $550,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 57 days on market, indicating 6.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Frankfort
There are currently 44 homes listed for sale in Frankfort, Illinois. The median listing price is $658K.
Active listings
44
Homes on market
Median list price
$658K
Avg. days on market
57
Days until sale
New this week
20
Newly listed
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Frequently asked questions
What is the average home price in Frankfort?
The median home sale price in Frankfort is $550,000, down 0.9% from last year.
How long do homes stay on market in Frankfort?
Homes typically spend 57 days on market before going under contract.
Is Frankfort a buyer's or seller's market?
With 6.3 months of supply, Frankfort is currently a buyer's market.
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