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Featured local agent — Frankfort, MI
Sarah Mitchell
Compass Real Estate · Frankfort, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Frankfort, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$437,500median sale price
How is the Frankfort, MI housing market right now?
The median home sale price in Frankfort, MI is $437,500. Homes sell in an average of 36 days with 23 active listings. The market is currently a buyer'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 a buyer's or seller's market?
Frankfort, MI is currently a buyer's market, based on 11.5 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
36
Average pace
Active listings
23
11.5 months supply
Sale-to-list
99.2%
Below asking
What does the Frankfort housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $437,500 |
| Median list price | $712,000 |
| Average days on market | 36 days |
| Active inventory | 23 listings |
| Months of supply | 11.5 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $364/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 4 |
| Listings with a price cut | 4.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Frankfort by property type?
How the Frankfort, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $437,500 | $364/sq ft | 2 | 36 days |
| Condo / Co-op | $410,000 | $278/sq ft | 1 | 49 days |
Source: Redfin · Updated monthly
The Frankfort housing market is currently classified as a buyer's market with a median sale price of $437,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 36 days on market, indicating 11.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 10.3x provides context for how home values compare to local earning capacity.
Homes for sale in Frankfort
There are currently 23 homes listed for sale in Frankfort, Michigan. The median listing price is $712K.
Active listings
23
Homes on market
Median list price
$712K
Avg. days on market
36
Days until sale
New this week
4
Newly listed
Who lives in Frankfort?
Population
1,158
Median income
$51,813/yr
Median age
60.5 years
Owner-occupied
62.4%
College grads
38.9%
Avg commute
20.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Frankfort?
Zillow home value
$534,248
Price-to-income
10.3x
Source: Zillow Research
What is it like to live in Frankfort?
Frankfort is a community of approximately 1K residents with a median age of 60.5 years.The median household income is $51,813, which represents a working-class community with solid middle-income opportunities. 38.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.4%, showing a blend of owner and renter-occupied properties. The average commute time is 20.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Frankfort offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Frankfort?
2 schools tracked · 484 students
The largest public schools serving Frankfort, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Frankfort High School
Grades 6-12 · 250 students
Frankfort Elementary School
Grades PK-5 · 234 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Frankfort, MI?
Want a head-to-head view? Compare Frankfort 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?
The median home sale price in Frankfort is $437,500, down 0.0% from last year.
How long do homes stay on market in Frankfort?
Homes typically spend 36 days on market before going under contract.
What is the median income in Frankfort?
The median household income is $51,813 per year.
Is Frankfort a buyer's or seller's market?
With 11.5 months of supply, Frankfort is currently a buyer's market.
What is the Zillow home value estimate for Frankfort?
The Zillow Home Value Index (ZHVI) for Frankfort is $534,248, representing the typical home value in the area.
What is the median condo price in Frankfort?
The median condo/co-op sale price in Frankfort, MI is $410,000, compared to $437,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Frankfort?
The median single-family home price in Frankfort, MI is $437,500 (about $364 per square foot).
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