Is Frankfort, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankfort is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

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

+$45,950(+24.2%)

Key Takeaway

Homes in Frankfort have sold for 24.2% more than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $110K$124.9K
+13.6%
3 $212.5K$242K
+13.9%
4 $210K$250.5K
+19.3%
5+ --
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
+31.1%
Frankfort
+24.2%
Washington Township
-1.4%

Housing Supply in Frankfort, IN

How many homes are available in Frankfort, IN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5453-1.9%

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

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 99
0.0%
3 3330
-9.1%
4 1212
0.0%
5+ 01
+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 2024Feb 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankfort, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
13 Days20 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

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