Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $347,400
    3% ( $9,850 ) vs Sep 2013
  • Median Sales Price
    $280,000
    2% ( $5,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $245,000
    1% ( $3,000 ) vs Sep 2013
  • Foreclosures 184
    Homes for Sale 54
    Recently Sold 414

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 54.

In October, the number of properties that received a foreclosure filing in Frankfort, IL was 28% lower than the previous month and 18% lower than the same time last year.

Home sales for September 2014 were up 76% compared with the previous month, and up 93% compared with a year ago. The median sales price of a non-distressed home was $280,000. The median sales price of a foreclosure home was $245,000, or 12% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$245,000 (Median Foreclosure Sales Price) $242,000 (Median Foreclosure Sales Price) $214,903 (Median Foreclosure Sales Price) $199,952 (Median Foreclosure Sales Price) $190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price) $228,250 (Median 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) $190,000 (Median Foreclosure Sales Price) $195,000 (Median Foreclosure Sales Price) $280,000 (Median Sales Price) $285,000 (Median Sales Price) $289,250 (Median Sales Price) $287,500 (Median Sales Price) $265,000 (Median Sales Price) $228,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Orland Park
130
9.2
% (y-o-y)
$215,000
5.6
% (y-o-y)
21.9%
35.2
% (y-o-y)
Tinley Park
118
7.1
% (y-o-y)
$190,750
0.4
% (y-o-y)
35.0%
26.3
% (y-o-y)
Chicago Heights
63
30.0
% (y-o-y)
$68,000
6.3
% (y-o-y)
39.7%
53.9
% (y-o-y)
Homewood
57
46.2
% (y-o-y)
$137,000
8.7
% (y-o-y)
50.0%
29.3
% (y-o-y)
Mokena
50
5.7
% (y-o-y)
$254,750
7.9
% (y-o-y)
9.7%
32.6
% (y-o-y)
Oak Forest
48
25.0
% (y-o-y)
$157,000
11.7
% (y-o-y)
35.4%
14.5
% (y-o-y)
New Lenox
45
36.6
% (y-o-y)
$250,000
15.0
% (y-o-y)
33.2%
19.1
% (y-o-y)
Park Forest
43
23.2
% (y-o-y)
$40,000
4.8
% (y-o-y)
26.3%
23.8
% (y-o-y)
Hazel Crest
32
10.3
% (y-o-y)
$81,500
1.8
% (y-o-y)
46.9%
65.1
% (y-o-y)
Matteson
28
36.4
% (y-o-y)
$122,750
20.3
% (y-o-y)
2.2%
7.4
% (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: 6.50%
Percentage of vacant homes: 5.83%