Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $367,450
    2% ( $7,449 ) vs Jun 2014
  • Median Sales Price
    $196,000
    6% ( $12,500 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $252,500
    49% ( $83,500 ) vs Jun 2014
  • Foreclosures 140
    Homes for Sale 169
    Recently Sold 56

Market Summary

There are currently 140 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 169.

In July, the number of properties that received a foreclosure filing in Frankfort, IL was 5% lower than the previous month and 6% higher than the same time last year.

Home sales for June 2015 were down 67% compared with the previous month, and down 96% compared with a year ago. The median sales price of a non-distressed home was $196,000. The median sales price of a foreclosure home was $252,500, or 29% higher than non-distressed home sales.

Sales Prices - Frankfort, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$252,500 (Median Foreclosure Sales Price) $169,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $196,000 (Median Sales Price) $208,500 (Median Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $252,500 (Median Foreclosure Sales Price) $169,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $164,900 (Median Foreclosure Sales Price) $293,500 (Median Foreclosure Sales Price) $282,000 (Median Foreclosure Sales Price) $196,000 (Median Sales Price) $208,500 (Median Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Orland Park
52
25.7
% (y-o-y)
$238,000
14.4
% (y-o-y)
35.8%
21.4
% (y-o-y)
Tinley Park
49
47.9
% (y-o-y)
$180,566
0.9
% (y-o-y)
35.2%
33.0
% (y-o-y)
Homewood
41
115.8
% (y-o-y)
$130,500
3.0
% (y-o-y)
43.7%
26.2
% (y-o-y)
Chicago Heights
38
29.6
% (y-o-y)
$63,000
34.0
% (y-o-y)
27.0%
50.0
% (y-o-y)
Country Club Hills
31
244.4
% (y-o-y)
$69,000
44.8
% (y-o-y)
29.7%
55.6
% (y-o-y)
Matteson
31
34.8
% (y-o-y)
$120,500
3.6
% (y-o-y)
48.5%
25.6
% (y-o-y)
Oak Forest
27
41.3
% (y-o-y)
$149,000
6.9
% (y-o-y)
26.8%
20.2
% (y-o-y)
Park Forest
25
13.8
% (y-o-y)
$40,000
2.6
% (y-o-y)
22.5%
28.8
% (y-o-y)
Hazel Crest
20
25.0
% (y-o-y)
$125,000
78.6
% (y-o-y)
59.6%
27.9
% (y-o-y)
Richton Park
16
33.3
% (y-o-y)
$79,427
19.0
% (y-o-y)
27.3%
21.4
% (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: 6.50%
Percentage of vacant homes: 5.83%