Is Frankfort, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Frankfort has remained a Seller's Market.
Housing Prices in Frankfort, IN
How much do homes in Frankfort, IN cost?
Median Sold Price
$235,950
$141/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Frankfort was $235,950 in February 2024, up 24.2% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110K | $124.9K | +13.6% |
3 Bedrooms | $212.5K | $242K | +13.9% |
4 Bedrooms | $210K | $250.5K | +19.3% |
5+ Bedrooms | - | - | N/A |
Summary: Frankfort housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Center Township | $180K | $235.9K | +31.1% |
Frankfort | $190K | $235.9K | +24.2% |
Washington Township | $192.5K | $189.9K | -1.4% |
Housing Supply in Frankfort, IN
How many homes are available in Frankfort, IN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 53 | -1.9% |
Summary: The Frankfort real estate market had 53 homes for sale in February 2024, a 1.9% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 33 | 30 | -9.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Frankfort housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Frankfort in February 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Frankfort, IN
How long does it take to sell a home in Frankfort, IN?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 Days | 20 Days | +49.4% |
Summary: Homes in Frankfort had an average of 20 days on market in Feb 2024, up by 49.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Frankfort; 14% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.