Is Frankfort Square, IL 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 Square has remained a Seller's Market.
Housing Prices in Frankfort Square, IL
How much do homes in Frankfort Square, IL cost?
Median Sold Price
$311,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankfort Square was $311,000 in April 2024, up 7.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $197.5K | N/A |
2 Bedrooms | $190K | $206K | +8.4% |
3 Bedrooms | $290K | $325K | +12.1% |
4 Bedrooms | $329.9K | $341K | +3.3% |
5+ Bedrooms | $315K | $470K | +49.2% |
Summary: Frankfort Square 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 8.4%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 49.2%.
Median Sold Price Compared To Nearby Neighborhoods
Frankfort Square | $290K | $311K | +7.2% |
Frankfort Square Court | $184.9K | $184.2K | -0.4% |
Housing Supply in Frankfort Square, IL
How many homes are available in Frankfort Square, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Summary: The Frankfort Square real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Frankfort Square 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 increased by 16.7%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Frankfort Square in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Frankfort Square, IL
How long does it take to sell a home in Frankfort Square, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 6 Days | -72.8% |
Summary: Homes in Frankfort Square had an average of 6 days on market in Apr 2024, down by 72.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Frankfort Square; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.