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Featured local agent — Frankfort Square, IL
Sarah Mitchell
Compass Real Estate · Frankfort Square, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Frankfort Square, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$345,000median sale price
How is the Frankfort Square, IL housing market right now?
The median home sale price in Frankfort Square, IL is $345,000, up 7.8% year-over-year. Homes sell in an average of 35 days with 25 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Frankfort Square a buyer's or seller's market?
Frankfort Square, IL is currently a seller's market, based on 2.8 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
35
Average pace
Active listings
25
2.8 months supply
Sale-to-list
102.0%
Above asking
What does the Frankfort Square housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $345,000 |
| Median list price | $349,950 |
| Year-over-year price change | +7.8% |
| Average days on market | 35 days |
| Active inventory | 25 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 102.0% |
| Median price per sq ft | $228/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 14 |
| Listings with a price cut | 12.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Frankfort Square by property type?
How the Frankfort Square, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $362,500 | $235/sq ft | 6 | 33 days |
| Condo / Co-op | $204,000 | $193/sq ft | 1 | 6 days |
| Townhouse | $330,000 | $231/sq ft | 2 | 263 days |
Source: Redfin · Updated monthly
The Frankfort Square housing market is currently classified as a seller's market with a median sale price of $345,000. Prices have risen 7.8% compared to last year, with homes spending an average of 35 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Frankfort Square
There are currently 25 homes listed for sale in Frankfort Square, Illinois. The median listing price is $350K.
Active listings
25
Homes on market
Median list price
$350K
Avg. days on market
35
Days until sale
New this week
14
Newly listed
Who lives in Frankfort Square?
Population
9,777
Median income
$126,953/yr
Median age
40.2 years
Owner-occupied
93.2%
College grads
31.8%
Avg commute
30.2 min
Source: U.S. Census Bureau ACS
What is it like to live in Frankfort Square?
Frankfort Square is a community of approximately 10K residents with a median age of 40.2 years.The median household income is $126,953, which reflects a relatively affluent area with strong earning potential. 31.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 93.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Frankfort Square offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Frankfort Square, IL?
Want a head-to-head view? Compare Frankfort Square side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Frankfort Square?
The median home sale price in Frankfort Square is $345,000, up 7.8% from last year.
How long do homes stay on market in Frankfort Square?
Homes typically spend 35 days on market before going under contract.
What is the median income in Frankfort Square?
The median household income is $126,953 per year.
Is Frankfort Square a buyer's or seller's market?
With 2.8 months of supply, Frankfort Square is currently a seller's market.
What is the median condo price in Frankfort Square?
The median condo/co-op sale price in Frankfort Square, IL is $204,000, compared to $362,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Frankfort Square?
The median single-family home price in Frankfort Square, IL is $362,500 (about $235 per square foot).
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