Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $369,900
    6% ( $20,000 ) vs Apr 2014
  • Median Sales Price
    $226,750
    2% ( $5,250 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $170,000
    3% ( $5,100 ) vs Apr 2014
  • Foreclosures 175
    Homes for Sale 156
    Recently Sold 121

Market Summary

There are currently 175 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 156.

In May, the number of properties that received a foreclosure filing in Frankfort, IL was 67% lower than the previous month and 47% lower than the same time last year.

Home sales for April 2015 were up 1450% compared with the previous month, and up 0% compared with a year ago. The median sales price of a non-distressed home was $226,750. The median sales price of a foreclosure home was $170,000, or 25% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$170,000 (Median Foreclosure Sales Price) $164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $225,000 (Median Foreclosure Sales Price) $173,450 (Median Foreclosure Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price) $253,000 (Median Sales Price) $170,000 (Median Foreclosure Sales Price) $164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $225,000 (Median Foreclosure Sales Price) $173,450 (Median Foreclosure Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price) $253,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Tinley Park
48
48.4
% (y-o-y)
$167,500
0.8
% (y-o-y)
14.3%
32.2
% (y-o-y)
Chicago Heights
43
75.1
% (y-o-y)
$65,000
36.8
% (y-o-y)
49.2%
30.5
% (y-o-y)
Orland Park
41
50.6
% (y-o-y)
$227,250
10.9
% (y-o-y)
50.7%
22.0
% (y-o-y)
Mokena
32
18.5
% (y-o-y)
$280,000
18.4
% (y-o-y)
31.3%
26.8
% (y-o-y)
Country Club Hills
30
6.3
% (y-o-y)
$52,500
54.3
% (y-o-y)
4.8%
52.4
% (y-o-y)
Park Forest
30
9.1
% (y-o-y)
$45,000
15.4
% (y-o-y)
37.8%
22.4
% (y-o-y)
New Lenox
30
14.3
% (y-o-y)
$230,000
7.2
% (y-o-y)
30.5%
32.2
% (y-o-y)
Matteson
24
33.3
% (y-o-y)
$113,250
0.2
% (y-o-y)
19.6%
25.2
% (y-o-y)
Markham
22
4.3
% (y-o-y)
$36,000
12.5
% (y-o-y)
21.5%
31.3
% (y-o-y)
Manhattan
20
9.1
% (y-o-y)
$149,892
23.1
% (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: 6.20%
Percentage of vacant homes: 5.83%