Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $302,450
    1% ( $2,550 ) vs Feb 2014
  • Median Sales Price
    $274,000
    3% ( $9,250 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $301,250
    7% ( $19,250 ) vs Feb 2014
  • Foreclosures 172
    Homes for Sale 122
    Recently Sold 279

Market Summary

There are currently 172 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 122.

In March, the number of properties that received a foreclosure filing in Frankfort, IL was 32% lower than the previous month and 26% lower than the same time last year.

Home sales for February 2015 were down 88% compared with the previous month, and down 83% compared with a year ago. The median sales price of a non-distressed home was $274,000. The median sales price of a foreclosure home was $301,250, or 10% higher than non-distressed home sales.

Sales Prices - Frankfort, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$301,250 (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) $231,701 (Median Foreclosure 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) $280,000 (Median Sales Price) $301,250 (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) $231,701 (Median Foreclosure 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) $280,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago Heights
47
19.0
% (y-o-y)
$64,500
12.5
% (y-o-y)
45.0%
61.4
% (y-o-y)
Orland Park
37
27.5
% (y-o-y)
$210,000
0.7
% (y-o-y)
46.7%
33.3
% (y-o-y)
Tinley Park
36
40.0
% (y-o-y)
$167,250
1.4
% (y-o-y)
28.3%
23.6
% (y-o-y)
Homewood
25
19.0
% (y-o-y)
$103,250
14.3
% (y-o-y)
32.2%
41.1
% (y-o-y)
Country Club Hills
23
28.1
% (y-o-y)
$56,800
36.9
% (y-o-y)
25.6%
43.9
% (y-o-y)
Oak Forest
20
20.0
% (y-o-y)
$137,500
2.6
% (y-o-y)
18.2%
8.6
% (y-o-y)
Park Forest
20
51.2
% (y-o-y)
$34,500
28.5
% (y-o-y)
37.0%
29.5
% (y-o-y)
Hazel Crest
15
7.1
% (y-o-y)
$68,000
6.2
% (y-o-y)
12.9%
36.9
% (y-o-y)
Matteson
12
83.8
% (y-o-y)
$123,750
10.0
% (y-o-y)
37.4%
20.0
% (y-o-y)
Flossmoor
12
14.3
% (y-o-y)
$217,500
20.8
% (y-o-y)
17.2%
21.1
% (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: 7.10%
Percentage of vacant homes: 5.83%