Housing Prices in Frankfort, MI
How much do homes in Frankfort, MI cost?
Median List Price
$475,000
$248/sqft
Based on all homes listed in the last 12 months.
Difference Since February 2023
Summary: The median home list price in Frankfort was $475,000 in February 2024, down 6.9% from the previous year, and the median price per square foot was $248.
Median List Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 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 | $1.0M | -1.5% |
Summary: Frankfort housing prices by bedroom type for February 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 decreased by 1.5%.
Median List Price Compared To Nearby Cities
Frankfort | $510K | $475K | -6.9% |
Crystal Lake Township | $475K | $424.5K | -10.6% |
Housing Supply in Frankfort, MI
How many homes are available in Frankfort, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Summary: The Frankfort real estate market had 5 homes for sale in February 2024, a 28.6% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 1 | -50.0% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Frankfort housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 50%.
Days on Market for Frankfort, MI
How long does it take to sell a home in Frankfort, MI?
Average Listing Age
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
223 Days | 92 Days | -58.7% |
Summary: Homes in Frankfort had an average listing age of 92 days in Feb 2024, down by 58.7% compared to the previous year.