Is West Frankfort, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Frankfort was a Seller's Market.
Key Takeaway
West Frankfort is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Frankfort, IL
How much do homes in West Frankfort, IL cost?
Median Sold Price
$87,500
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Frankfort have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in West Frankfort was $87,500 in April 2024, up 26.8% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $39K | -18.8% |
| 2 Bedrooms | $37K | $73K | +97.3% |
| 3 Bedrooms | $78K | $104K | +33.3% |
| 4 Bedrooms | $134.9K | $114.5K | -15.1% |
| 5+ Bedrooms | $81.7K | $36K | -56.0% |
Summary: West Frankfort housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 97.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 56%.
Median Sold Price Compared To Nearby Cities
| Frankfort Township | $242.5K | $395.4K | +63.1% |
| West Frankfort | $69K | $87.5K | +26.8% |
Housing Supply in West Frankfort, IL
How many homes are available in West Frankfort, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The West Frankfort real estate market had 55 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West 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 decreased by 16.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Frankfort, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Frankfort in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for West Frankfort, IL
How long does it take to sell a home in West Frankfort, IL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 34 Days | +146.8% |
Summary: Homes in West Frankfort had an average of 34 days on market in Apr 2024, up by 146.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in West Frankfort; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.