Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $299,900
    6% ( $20,000 ) vs Jan 2014
  • Median Sales Price
    $283,250
    5% ( $13,250 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $282,000
    25% ( $57,000 ) vs Jan 2014
  • Foreclosures 176
    Homes for Sale 107
    Recently Sold 291

Market Summary

There are currently 176 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 107.

In February, the number of properties that received a foreclosure filing in Frankfort, IL was 25% higher than the previous month and 47% higher than the same time last year.

Home sales for January 2015 were down 74% compared with the previous month, and down 47% compared with a year ago. The median sales price of a non-distressed home was $283,250. The median sales price of a foreclosure home was $282,000, or 0% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$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) $242,000 (Median Foreclosure 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) $285,000 (Median 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) $242,000 (Median Foreclosure 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) $285,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Tinley Park
66
13.2
% (y-o-y)
$166,000
5.5
% (y-o-y)
23.8%
16.9
% (y-o-y)
Orland Park
65
11.0
% (y-o-y)
$215,000
3.9
% (y-o-y)
46.5%
28.0
% (y-o-y)
Chicago Heights
63
16.0
% (y-o-y)
$66,000
10.5
% (y-o-y)
53.0%
61.4
% (y-o-y)
New Lenox
29
37.0
% (y-o-y)
$226,900
2.9
% (y-o-y)
25.7%
15.5
% (y-o-y)
Matteson
28
6.7
% (y-o-y)
$128,000
8.5
% (y-o-y)
39.1%
23.7
% (y-o-y)
Mokena
26
7.1
% (y-o-y)
$226,500
10.1
% (y-o-y)
46.7%
20.6
% (y-o-y)
Hazel Crest
20
9.1
% (y-o-y)
$51,000
27.1
% (y-o-y)
Data not available
Oak Forest
19
58.7
% (y-o-y)
$152,500
6.6
% (y-o-y)
32.6%
17.5
% (y-o-y)
Richton Park
18
10.0
% (y-o-y)
$67,000
12.4
% (y-o-y)
22.0%
4.6
% (y-o-y)
Homewood
18
37.9
% (y-o-y)
$132,500
6.0
% (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: 6.00%
Percentage of vacant homes: 5.83%