Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $349,999
    6% ( $20,049 ) vs Jun 2013
  • Median Sales Price
    $287,500
    8% ( $22,500 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $199,952
    5% ( $9,952 ) vs Jun 2013
  • Foreclosures 196
    Homes for Sale 174
    Recently Sold 305

Market Summary

There are currently 196 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 174.

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

Home sales for June 2014 were down 49% compared with the previous month, and down 62% compared with a year ago. The median sales price of a non-distressed home was $287,500. The median sales price of a foreclosure home was $199,952, or 30% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$199,952 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $189,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price) $228,250 (Median Sales Price) $255,000 (Median Sales Price) $259,000 (Median Sales Price) $276,000 (Median Sales Price) $199,952 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $189,000 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $174,500 (Median Foreclosure Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price) $228,250 (Median Sales Price) $255,000 (Median Sales Price) $259,000 (Median Sales Price) $276,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Tinley Park
94
12.1
% (y-o-y)
$179,000
5.3
% (y-o-y)
33.0%
25.0
% (y-o-y)
Orland Park
70
36.9
% (y-o-y)
$208,000
3.7
% (y-o-y)
21.4%
31.3
% (y-o-y)
Chicago Heights
54
30.8
% (y-o-y)
$47,000
36.3
% (y-o-y)
50.0%
59.3
% (y-o-y)
Oak Forest
46
17.9
% (y-o-y)
$160,000
6.0
% (y-o-y)
20.2%
37.4
% (y-o-y)
New Lenox
44
42.9
% (y-o-y)
$230,000
4.5
% (y-o-y)
23.4%
19.3
% (y-o-y)
Mokena
39
2.5
% (y-o-y)
$220,000
10.2
% (y-o-y)
20.0%
13.3
% (y-o-y)
Park Forest
29
14.7
% (y-o-y)
$39,000
25.0
% (y-o-y)
28.8%
48.1
% (y-o-y)
Matteson
23
30.3
% (y-o-y)
$127,500
10.2
% (y-o-y)
27.1%
24.2
% (y-o-y)
Homewood
19
53.7
% (y-o-y)
$126,750
4.3
% (y-o-y)
25.0%
29.1
% (y-o-y)
Hazel Crest
16
48.4
% (y-o-y)
$72,500
7.4
% (y-o-y)
30.3%
40.0
% (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: 7.50%
Percentage of vacant homes: 5.83%