Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $337,400
    8% ( $27,600 ) vs Nov 2013
  • Median Sales Price
    $235,000
    14% ( $37,500 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $255,000
    11% ( $32,100 ) vs Nov 2013
  • Foreclosures 184
    Homes for Sale 94
    Recently Sold 372

Market Summary

There are currently 184 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 94.

In December, the number of properties that received a foreclosure filing in Frankfort, IL was 100% higher than the previous month and 28% lower than the same time last year.

Home sales for November 2014 were down 76% compared with the previous month, and down 86% compared with a year ago. The median sales price of a non-distressed home was $235,000. The median sales price of a foreclosure home was $255,000, or 9% higher than non-distressed home sales.

Sales Prices - Frankfort, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$255,000 (Median Foreclosure Sales Price) $287,100 (Median Foreclosure Sales Price) $245,000 (Median Foreclosure Sales Price) $242,000 (Median Foreclosure Sales Price) $214,903 (Median Foreclosure Sales Price) $199,952 (Median Foreclosure Sales Price) $235,000 (Median Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price) $255,000 (Median Foreclosure Sales Price) $287,100 (Median Foreclosure Sales Price) $245,000 (Median Foreclosure Sales Price) $242,000 (Median Foreclosure Sales Price) $214,903 (Median Foreclosure Sales Price) $199,952 (Median Foreclosure Sales Price) $235,000 (Median Sales Price) $272,500 (Median Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Tinley Park
60
18.9
% (y-o-y)
$185,000
5.1
% (y-o-y)
33.0%
28.2
% (y-o-y)
Chicago Heights
55
8.3
% (y-o-y)
$62,000
14.3
% (y-o-y)
37.6%
19.8
% (y-o-y)
Orland Park
45
48.9
% (y-o-y)
$210,000
5.9
% (y-o-y)
40.5%
32.8
% (y-o-y)
Oak Forest
32
25.6
% (y-o-y)
$155,000
5.3
% (y-o-y)
34.8%
26.7
% (y-o-y)
Park Forest
30
100.0
% (y-o-y)
$31,500
33.7
% (y-o-y)
15.9%
36.8
% (y-o-y)
Matteson
23
20.7
% (y-o-y)
$137,500
10.0
% (y-o-y)
34.5%
18.4
% (y-o-y)
Hazel Crest
21
0.0
% (y-o-y)
$62,000
6.9
% (y-o-y)
11.3%
30.2
% (y-o-y)
Markham
20
5.3
% (y-o-y)
$40,500
22.9
% (y-o-y)
Data not available
Homewood
18
50.0
% (y-o-y)
$127,500
12.8
% (y-o-y)
16.1%
35.8
% (y-o-y)
Steger
14
39.1
% (y-o-y)
$70,000
8.7
% (y-o-y)
63.5%
12.2
% (y-o-y)

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%