Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $324,450
    4% ( $12,950 ) vs Dec 2013
  • Median Sales Price
    $229,701
    2% ( $5,300 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $195,000
    24% ( $60,000 ) vs Dec 2013
  • Foreclosures 176
    Homes for Sale 94
    Recently Sold 309

Market Summary

There are currently 176 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 94.

In January, the number of properties that received a foreclosure filing in Frankfort, IL was 22% higher than the previous month and 22% higher than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $229,701. The median sales price of a foreclosure home was $195,000, or 15% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$195,000 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure 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) $229,701 (Median Sales Price) $235,000 (Median Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $195,000 (Median Foreclosure Sales Price) $255,000 (Median Foreclosure 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) $229,701 (Median Sales Price) $235,000 (Median Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago Heights
17
74.6
% (y-o-y)
$46,500
35.4
% (y-o-y)
29.0%
56.3
% (y-o-y)
Matteson
16
50.0
% (y-o-y)
$133,000
10.8
% (y-o-y)
43.6%
28.8
% (y-o-y)
Country Club Hills
14
61.1
% (y-o-y)
$122,500
44.1
% (y-o-y)
58.8%
44.1
% (y-o-y)
Orland Park
14
83.3
% (y-o-y)
$204,750
5.4
% (y-o-y)
26.7%
30.7
% (y-o-y)
Oak Forest
10
67.7
% (y-o-y)
$155,000
0.0
% (y-o-y)
34.8%
36.8
% (y-o-y)
Tinley Park
9
90.5
% (y-o-y)
$163,000
8.4
% (y-o-y)
29.4%
24.2
% (y-o-y)
University Park
8
14.3
% (y-o-y)
$101,000
167.1
% (y-o-y)
54.3%
124.0
% (y-o-y)
Richton Park
8
57.9
% (y-o-y)
$76,250
7.0
% (y-o-y)
24.6%
18.3
% (y-o-y)
Park Forest
8
73.3
% (y-o-y)
$30,000
42.9
% (y-o-y)
15.0%
48.6
% (y-o-y)
Mokena
8
74.2
% (y-o-y)
$179,250
28.3
% (y-o-y)
Data not available

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: 6.00%
Percentage of vacant homes: 5.83%