Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $284,900
    4% ( $12,050 ) vs Feb 2015
  • Median Sales Price
    $254,500
    2% ( $4,500 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $168,850
    2% ( $3,650 ) vs Feb 2015
  • Foreclosures 159
    Homes for Sale 160
    Recently Sold 266

Market Summary

There are currently 159 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 160.

In March, the number of properties that received a foreclosure filing in Frankfort, IL was 25% lower than the previous month and 12% lower than the same time last year.

Home sales for February 2016 were down 23% compared with the previous month, and up 167% compared with a year ago. The median sales price of a non-distressed home was $254,500. The median sales price of a foreclosure home was $168,850, or 34% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$168,850 (Median Foreclosure Sales Price) $165,200 (Median Foreclosure Sales Price) $171,000 (Median Foreclosure Sales Price) $330,005 (Median Foreclosure Sales Price) $323,021 (Median Foreclosure Sales Price) $278,633 (Median Foreclosure Sales Price) $254,500 (Median Sales Price) $259,000 (Median Sales Price) $263,693 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $168,850 (Median Foreclosure Sales Price) $165,200 (Median Foreclosure Sales Price) $171,000 (Median Foreclosure Sales Price) $330,005 (Median Foreclosure Sales Price) $323,021 (Median Foreclosure Sales Price) $278,633 (Median Foreclosure Sales Price) $254,500 (Median Sales Price) $259,000 (Median Sales Price) $263,693 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago Heights
89
89.4
% (y-o-y)
$61,000
5.4
% (y-o-y)
49.6%
45.0
% (y-o-y)
Orland Park
63
65.8
% (y-o-y)
$225,000
7.1
% (y-o-y)
8.9%
46.0
% (y-o-y)
Tinley Park
63
57.5
% (y-o-y)
$169,500
1.0
% (y-o-y)
11.5%
25.5
% (y-o-y)
Park Forest
41
86.4
% (y-o-y)
$40,000
25.0
% (y-o-y)
33.1%
32.0
% (y-o-y)
Oak Forest
41
86.4
% (y-o-y)
$154,750
12.5
% (y-o-y)
2.1%
25.3
% (y-o-y)
New Lenox
38
123.5
% (y-o-y)
$215,000
3.9
% (y-o-y)
30.2%
45.0
% (y-o-y)
Matteson
33
153.8
% (y-o-y)
$148,000
19.6
% (y-o-y)
39.2%
37.4
% (y-o-y)
Country Club Hills
28
21.7
% (y-o-y)
$120,000
111.3
% (y-o-y)
55.4%
25.6
% (y-o-y)
Steger
26
136.4
% (y-o-y)
$76,900
9.9
% (y-o-y)
62.9%
0.0
% (y-o-y)
Homewood
25
0.0
% (y-o-y)
$128,000
24.0
% (y-o-y)
29.7%
32.2
% (y-o-y)

Local Info For Frankfort

Population:
17,056
Cost of Living Index: 117.52
Crime Index: 10.34     Rating: A+ View crime details
Schools: 9    Average School Rating: A- View individual school rating
Household Median Income: $117,299
Unemployment: 6.80%
Percentage of vacant homes: 5.83%

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