Is Frankfort, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frankfort has remained a Seller's Market.
Housing Prices in Frankfort, NY
How much do homes in Frankfort, NY cost?
Median Sold Price
$147,500
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankfort was $147,500 in April 2024, down 23.1% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $104.5K | $106K | +1.4% |
3 Bedrooms | $188.5K | $147K | -22.0% |
4 Bedrooms | $285K | $243.7K | -14.5% |
5+ Bedrooms | $75K | $129K | +72.0% |
Summary: Frankfort housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 72%.
Housing Supply in Frankfort, NY
How many homes are available in Frankfort, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Frankfort real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Frankfort housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Frankfort in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Frankfort, NY
How long does it take to sell a home in Frankfort, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 41 Days | +141.5% |
Summary: Homes in Frankfort had an average of 41 days on market in Apr 2024, up by 141.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Frankfort; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.