Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $340,000
    11% ( $35,000 ) vs Mar 2014
  • Median Sales Price
    $232,000
    15% ( $42,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $164,900
    44% ( $128,600 ) vs Mar 2014
  • Foreclosures 169
    Homes for Sale 139
    Recently Sold 195

Market Summary

There are currently 169 properties in Frankfort, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 139.

In April, the number of properties that received a foreclosure filing in Frankfort, IL was 59% higher than the previous month and 69% higher than the same time last year.

Home sales for March 2015 were down 78% compared with the previous month, and down 93% compared with a year ago. The median sales price of a non-distressed home was $232,000. The median sales price of a foreclosure home was $164,900, or 29% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $225,000 (Median Foreclosure Sales Price) $173,450 (Median Foreclosure Sales Price) $192,000 (Median Foreclosure Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price) $253,000 (Median Sales Price) $270,000 (Median Sales Price) $164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $225,000 (Median Foreclosure Sales Price) $173,450 (Median Foreclosure Sales Price) $192,000 (Median Foreclosure Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price) $253,000 (Median Sales Price) $270,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago Heights
38
20.8
% (y-o-y)
$70,500
41.0
% (y-o-y)
50.4%
38.5
% (y-o-y)
Tinley Park
31
45.6
% (y-o-y)
$164,000
1.4
% (y-o-y)
9.9%
26.9
% (y-o-y)
Orland Park
30
55.9
% (y-o-y)
$204,500
0.2
% (y-o-y)
47.2%
29.5
% (y-o-y)
Country Club Hills
29
7.4
% (y-o-y)
$56,800
44.6
% (y-o-y)
11.5%
42.7
% (y-o-y)
Park Forest
26
44.4
% (y-o-y)
$34,500
26.6
% (y-o-y)
40.6%
27.7
% (y-o-y)
Richton Park
19
9.5
% (y-o-y)
$90,000
6.5
% (y-o-y)
63.3%
37.9
% (y-o-y)
Oak Forest
15
48.3
% (y-o-y)
$140,000
1.4
% (y-o-y)
40.0%
10.2
% (y-o-y)
Markham
15
7.1
% (y-o-y)
$38,750
3.1
% (y-o-y)
Data not available
Matteson
15
55.9
% (y-o-y)
$125,000
15.2
% (y-o-y)
20.6%
9.4
% (y-o-y)
Hazel Crest
14
22.2
% (y-o-y)
$73,500
2.3
% (y-o-y)
43.5%
43.0
% (y-o-y)

Local Info For Frankfort

Population:
17,056
Cost of Living Index: 117.52
Crime Index: 31.26     Rating: A- View crime details
Schools: 9    Average School Rating: A- View individual school rating
Household Median Income: $117,299
Unemployment: 6.60%
Percentage of vacant homes: 5.83%