Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $365,950
    5% ( $18,550 ) vs Oct 2013
  • Median Sales Price
    $272,500
    3% ( $7,500 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $287,100
    17% ( $42,100 ) vs Oct 2013
  • Foreclosures 183
    Homes for Sale 75
    Recently Sold 423

Market Summary

There are currently 183 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 75.

In November, the number of properties that received a foreclosure filing in Frankfort, IL was 50% lower than the previous month and 61% lower than the same time last year.

Home sales for October 2014 were down 63% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $272,500. The median sales price of a foreclosure home was $287,100, or 5% higher than non-distressed home sales.

Sales Prices - Frankfort, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$287,100 (Median Foreclosure Sales Price) $245,000 (Median Foreclosure Sales Price) $242,000 (Median Foreclosure Sales Price) $214,903 (Median Foreclosure Sales Price) $199,952 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price) $287,100 (Median Foreclosure Sales Price) $245,000 (Median Foreclosure Sales Price) $242,000 (Median Foreclosure Sales Price) $214,903 (Median Foreclosure Sales Price) $199,952 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Orland Park
122
25.8
% (y-o-y)
$211,000
6.2
% (y-o-y)
30.7%
35.4
% (y-o-y)
Tinley Park
93
8.8
% (y-o-y)
$190,000
0.0
% (y-o-y)
34.5%
25.3
% (y-o-y)
Chicago Heights
68
37.6
% (y-o-y)
$69,000
3.5
% (y-o-y)
38.6%
58.0
% (y-o-y)
Homewood
55
7.8
% (y-o-y)
$125,000
4.2
% (y-o-y)
34.8%
32.7
% (y-o-y)
Oak Forest
40
8.1
% (y-o-y)
$155,000
4.7
% (y-o-y)
34.7%
19.1
% (y-o-y)
Park Forest
38
9.5
% (y-o-y)
$38,000
8.4
% (y-o-y)
24.3%
27.7
% (y-o-y)
New Lenox
36
40.0
% (y-o-y)
$248,000
5.5
% (y-o-y)
33.1%
21.3
% (y-o-y)
Country Club Hills
33
5.7
% (y-o-y)
$72,500
38.3
% (y-o-y)
28.3%
63.8
% (y-o-y)
Hazel Crest
31
3.3
% (y-o-y)
$75,500
30.2
% (y-o-y)
27.2%
39.7
% (y-o-y)
Mokena
25
34.2
% (y-o-y)
$248,000
16.6
% (y-o-y)
5.9%
21.7
% (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: 6.50%
Percentage of vacant homes: 5.83%