Housing Prices in Frankfort, MI
How much do homes in Frankfort, MI cost?
Median List Price
$454,825
$248/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Frankfort has decreased by 10.8% since last year.
Summary: The median home list price in Frankfort was $454,825 in March 2024, down 10.8% from the previous year, and the median price per square foot was $248.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $364.9K | N/A |
| 2 Bedrooms | $785K | $419K | -46.6% |
| 3 Bedrooms | $449K | $389.9K | -13.2% |
| 4 Bedrooms | $525K | $572K | +9.0% |
| 5+ Bedrooms | $1.0M | $1.3M | +22.4% |
Summary: Frankfort housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.6%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 22.4%.
Median List Price Compared To Nearby Cities
| Frankfort | $510K | $454.8K | -10.8% |
| Crystal Lake Township | $485K | $425K | -12.4% |
Housing Supply in Frankfort, MI
How many homes are available in Frankfort, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Frankfort real estate market had 9 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Frankfort housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Days on Market for Frankfort, MI
How long does it take to sell a home in Frankfort, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 223 Days | 105 Days | -53.0% |
Summary: Homes in Frankfort had an average listing age of 105 days in Mar 2024, down by 53% compared to the previous year.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.