Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $329,900
    6% ( $20,000 ) vs May 2013
  • Median Sales Price
    $265,000
    16% ( $36,750 ) vs May 2013
  • Median Foreclosure Sales Price
    $190,000
    3% ( $5,000 ) vs May 2013
  • Foreclosures 215
    Homes for Sale 178
    Recently Sold 372

Market Summary

There are currently 215 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 178.

In June, the number of properties that received a foreclosure filing in Frankfort, IL was 100% higher than the previous month and 36% higher than the same time last year.

Home sales for May 2014 were up 58% compared with the previous month, and up 4% compared with a year ago. The median sales price of a non-distressed home was $265,000. The median sales price of a foreclosure home was $190,000, or 28% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $189,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $241,350 (Median Foreclosure Sales Price) $265,000 (Median Sales Price) $228,250 (Median Sales Price) $255,000 (Median Sales Price) $259,000 (Median Sales Price) $276,000 (Median Sales Price) $280,000 (Median Sales Price) $190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $189,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $241,350 (Median Foreclosure Sales Price) $265,000 (Median Sales Price) $228,250 (Median Sales Price) $255,000 (Median Sales Price) $259,000 (Median Sales Price) $276,000 (Median Sales Price) $280,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Orland Park
121
31.5
% (y-o-y)
$205,000
1.6
% (y-o-y)
22.0%
31.1
% (y-o-y)
Tinley Park
86
7.5
% (y-o-y)
$175,000
7.7
% (y-o-y)
34.3%
26.2
% (y-o-y)
Chicago Heights
83
29.7
% (y-o-y)
$46,500
7.0
% (y-o-y)
36.6%
36.7
% (y-o-y)
Mokena
56
9.8
% (y-o-y)
$234,600
8.0
% (y-o-y)
26.3%
30.4
% (y-o-y)
New Lenox
50
5.7
% (y-o-y)
$229,475
3.8
% (y-o-y)
20.5%
21.8
% (y-o-y)
Homewood
39
2.5
% (y-o-y)
$129,000
0.8
% (y-o-y)
25.6%
33.8
% (y-o-y)
Matteson
35
31.4
% (y-o-y)
$120,000
1.8
% (y-o-y)
27.5%
26.8
% (y-o-y)
Park Forest
30
38.8
% (y-o-y)
$40,000
23.1
% (y-o-y)
28.8%
48.1
% (y-o-y)
Oak Forest
29
14.7
% (y-o-y)
$161,000
7.3
% (y-o-y)
26.4%
29.7
% (y-o-y)
Markham
27
17.4
% (y-o-y)
$34,750
17.3
% (y-o-y)
25.9%
50.0
% (y-o-y)

Local Info For Frankfort

Population:
17,056
Cost of Living Index: 117.52
Crime Index: 10.37     Rating: A+ View crime details
Schools: 9    Average School Rating: A- View individual school rating
Household Median Income: $117,299
Unemployment: 7.70%
Percentage of vacant homes: 5.83%