Frankfort Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $374,898
    1% ( $2,102 ) vs May 2014
  • Median Sales Price
    $221,000
    3% ( $5,750 ) vs May 2014
  • Median Foreclosure Sales Price
    $163,742
    4% ( $6,258 ) vs May 2014
  • Foreclosures 147
    Homes for Sale 173
    Recently Sold 72

Market Summary

There are currently 147 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 173.

In June, the number of properties that received a foreclosure filing in Frankfort, IL was 122% higher than the previous month and 41% lower than the same time last year.

Home sales for May 2015 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $221,000. The median sales price of a foreclosure home was $163,742, or 26% lower than non-distressed home sales.

Sales Prices - Frankfort, IL




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$163,742 (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) $225,000 (Median Foreclosure Sales Price) $221,000 (Median Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price) $163,742 (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) $225,000 (Median Foreclosure Sales Price) $221,000 (Median Sales Price) $226,750 (Median Sales Price) $232,000 (Median Sales Price) $274,000 (Median Sales Price) $283,250 (Median Sales Price) $270,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Tinley Park
75
12.8
% (y-o-y)
$177,000
1.1
% (y-o-y)
18.9%
34.3
% (y-o-y)
Chicago Heights
65
21.7
% (y-o-y)
$60,000
29.0
% (y-o-y)
50.0%
36.6
% (y-o-y)
Orland Park
64
47.1
% (y-o-y)
$219,000
6.8
% (y-o-y)
48.4%
22.0
% (y-o-y)
Country Club Hills
36
56.5
% (y-o-y)
$52,500
55.3
% (y-o-y)
4.3%
51.5
% (y-o-y)
Oak Forest
34
17.2
% (y-o-y)
$131,500
18.1
% (y-o-y)
18.3%
26.2
% (y-o-y)
Homewood
26
33.3
% (y-o-y)
$140,000
8.5
% (y-o-y)
50.4%
26.0
% (y-o-y)
Matteson
26
25.7
% (y-o-y)
$117,750
0.6
% (y-o-y)
41.8%
25.6
% (y-o-y)
Hazel Crest
22
10.0
% (y-o-y)
$124,000
45.9
% (y-o-y)
65.7%
46.5
% (y-o-y)
Park Forest
22
26.7
% (y-o-y)
$33,250
16.9
% (y-o-y)
9.8%
28.8
% (y-o-y)
Richton Park
18
28.6
% (y-o-y)
$61,250
38.8
% (y-o-y)
29.0%
23.1
% (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: 6.30%
Percentage of vacant homes: 5.83%