Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $260,000
    17% ( $54,000 ) vs Feb 2013
  • Median Sales Price
    $261,000
    5% ( $15,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $174,500
    0% ( $0 ) vs Feb 2013
  • Foreclosures 224
    Homes for Sale 155
    Recently Sold 434

Market Summary

There are currently 224 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 155.

In March, the number of properties that received a foreclosure filing in Frankfort, IL was 35% higher than the previous month and 34% lower than the same time last year.

Home sales for February 2014 were down 67% compared with the previous month, and down 43% compared with a year ago. The median sales price of a non-distressed home was $261,000. The median sales price of a foreclosure home was $174,500, or 33% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $241,350 (Median Foreclosure Sales Price) $253,700 (Median Foreclosure Sales Price) $275,000 (Median Foreclosure Sales Price) $245,407 (Median Foreclosure Sales Price) $261,000 (Median Sales Price) $276,000 (Median Sales Price) $280,000 (Median Sales Price) $278,500 (Median Sales Price) $272,525 (Median Sales Price) $275,000 (Median Sales Price) $174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $241,350 (Median Foreclosure Sales Price) $253,700 (Median Foreclosure Sales Price) $275,000 (Median Foreclosure Sales Price) $245,407 (Median Foreclosure Sales Price) $261,000 (Median Sales Price) $276,000 (Median Sales Price) $280,000 (Median Sales Price) $278,500 (Median Sales Price) $272,525 (Median Sales Price) $275,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Matteson
74
124.2
% (y-o-y)
$112,500
12.1
% (y-o-y)
20.0%
11.7
% (y-o-y)
Tinley Park
60
17.8
% (y-o-y)
$165,000
1.8
% (y-o-y)
23.6%
25.2
% (y-o-y)
Chicago Heights
58
7.9
% (y-o-y)
$73,750
32.9
% (y-o-y)
61.4%
47.7
% (y-o-y)
Orland Park
51
29.2
% (y-o-y)
$211,000
1.4
% (y-o-y)
33.2%
13.7
% (y-o-y)
Park Forest
41
5.1
% (y-o-y)
$48,250
35.9
% (y-o-y)
31.6%
26.8
% (y-o-y)
New Lenox
33
2.9
% (y-o-y)
$248,832
0.5
% (y-o-y)
21.0%
28.1
% (y-o-y)
Country Club Hills
32
3.2
% (y-o-y)
$90,000
17.4
% (y-o-y)
43.9%
56.0
% (y-o-y)
Oak Forest
25
7.4
% (y-o-y)
$134,000
7.6
% (y-o-y)
8.6%
22.4
% (y-o-y)
Richton Park
25
4.2
% (y-o-y)
$85,750
20.8
% (y-o-y)
42.3%
45.7
% (y-o-y)
Homewood
21
19.2
% (y-o-y)
$121,000
22.8
% (y-o-y)
41.3%
12.7
% (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: 8.60%
Percentage of vacant homes: 5.83%