Is Frankfort Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankfort Township is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Frankfort Township has remained a Seller's Market.

Key Takeaway

Frankfort Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Frankfort Township, IL cost?

Median Sold Price

$373,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$30,666(+9.0%)

Key Takeaway

Homes in Frankfort Township have sold for 9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $126K$99K
-21.4%
2 $229.7K$241K
+4.9%
3 $275.1K$302.5K
+9.9%
4 $413.5K$474.1K
+14.7%
5+ $447.4K$550K
+22.9%

Median Sold Price Compared To Nearby Cities

Green Garden Township
+19.7%
Frankfort
+17.7%
Frankfort Township
+9.0%
Mokena
+6.5%
Tinley Park
+6.5%

How many homes are available in Frankfort Township, IL?

Number of Homes For Sale

Apr 2022May 2022%
259300+15.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 01
+100.0%
2 4040
0.0%
3 91103
+13.2%
4 84107
+27.4%
5+ 4449
+11.4%

Number of Homes Sold

Apr 2022May 2022%
7072+2.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankfort Township, you could pay more than the asking price. 63.9% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
17 Days15 Days-12.9%

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Frankfort Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

7752 W Garland Ct Unit D, Frankfort, IL 60423

7752 W Garland Ct Unit D, Frankfort, IL 60423

$165,000
750 SqFt
2 Bedrooms
~$750/mo.*1 Full Bath
Ann Wood#11440625
Listing Office:
CRIS RealtyMLS logo

New

8217 Brickstone Dr, Frankfort, IL 60423

8217 Brickstone Dr, Frankfort, IL 60423

$405,000
2,242 SqFt
4 Bedrooms
~$1,900/mo.*2 Full Baths, 1 Partial
Nancy McMorran#11440925
Listing Office:
Medallion Leasing Realty LLCMLS logo

New

21300 Ginger Ln, Frankfort, IL 60423

21300 Ginger Ln, Frankfort, IL 60423

$549,900
2,800 SqFt
4 Bedrooms
~$2,550/mo.*3 Full Baths, 1 Partial
Kristina Bruns#11440933
Listing Office:
RE/MAX 10MLS logo

New

912 Abbotsford Ln, Frankfort, IL 60423

912 Abbotsford Ln, Frankfort, IL 60423

$497,000
3,342 SqFt
4 Bedrooms
~$2,300/mo.*3 Full Baths, 1 Partial
Kitty Vancina#11439874
Listing Office:
RE/MAX 10MLS logo

New

Backup Offers

10423 Nebraska St, Frankfort, IL 60423

10423 Nebraska St, Frankfort, IL 60423

$630,000
3,857 SqFt
4 Bedrooms
~$2,950/mo.*2 Full Baths, 1 Partial
Linda Hentsch#11439800
Listing Office:
Coldwell Banker Real Estate GroupMLS logo

New

Backup Offers

546 Linden Rd, Frankfort, IL 60423

546 Linden Rd, Frankfort, IL 60423

$369,999
2,622 SqFt
5 Bedrooms
~$1,750/mo.*3 Full Baths
Ann Heitner#11439631
Listing Office:
Hanley Realty, Inc.MLS logo

New

19963 Red Oak Dr, Mokena, IL 60448

19963 Red Oak Dr, Mokena, IL 60448

$729,000
3,800 SqFt
4 Bedrooms
~$3,400/mo.*4 Full Baths
Mike McCatty#11439571
Listing Office:
Century 21 AffiliatedMLS logo

New

21322 S 80th Ave, Frankfort, IL 60423

21322 S 80th Ave, Frankfort, IL 60423

$499,000
2,250 SqFt
5 Bedrooms
~$2,350/mo.*3 Full Baths
Beverley Kirby#11438780
Listing Office:
HomeSmart Realty GroupMLS logo

New

Backup Offers

7903 Trinity Cir Unit 3Nw, Tinley Park, IL 60477

7903 Trinity Cir Unit 3Nw, Tinley Park, IL 60477

$250,000
1,720 SqFt
2 Bedrooms
~$1,150/mo.*2 Full Baths
Jayne Schirmacher#11438767
Listing Office:
CompassMLS logo

New

8861 Brown Dr, Frankfort, IL 60423

8861 Brown Dr, Frankfort, IL 60423

$507,000
2,724 SqFt
5 Bedrooms
~$2,350/mo.*3 Full Baths
David Cobb#11417231
Listing Office:
RE/MAX 10MLS logo

New

8507 Dungarvan Rd, Frankfort, IL 60423

8507 Dungarvan Rd, Frankfort, IL 60423

$749,500
3,100 SqFt
4 Bedrooms
~$3,500/mo.*2 Full Baths, 1 Partial
Brian Flaherty#11438744
Listing Office:
Hoff, RealtorsMLS logo

New

Address Not Disclosed, Mokena, IL 60448

Address Not Disclosed, Mokena, IL 60448

$844,809
6,602 SqFt
3 Bedrooms
~$3,950/mo.*3 Full Baths, 2 Partial
Misty Campbell#11438417
Listing Office:
EXIT Strategy RealtyMLS logo

About Frankfort Township, IL

There are 300 homes are for sale in Frankfort Township, IL real estate market. The number of listings in Frankfort Township, IL increased by 15.8% between April 2022 and May 2022. While the average time on the market in May 2022 was 15 days, the median list price was $373,000. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 21.4% more cheaper, 2 bedrooms properties became 4.9% more expensive, prices of 3 bedrooms properties increased by 9.9%, the cost of 4 bedrooms properties went up by 14.7%, 5 bedrooms properties prices increased by 22.9%. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 13.2%, 4 bedrooms homes inventory increased by 27.4%, 5 bedrooms homes became 11.4% more available. Over 46 listings were sold over their listed price in May 2022 in Frankfort Township, IL. In the same period over 16 listings were sold below the listed price and 10 listings were sold for the listed price.

MLS Disclaimers and Copyright

Based on information from Midwest Real Estate Data for the period 06/01/2020 - 06/01/2022

IDX Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2022 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2022, 12:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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