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

-$35,000(-6.9%)

Key Takeaway

The list price of homes in Frankfort has decreased by 6.9% since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$364.9K
N/A
2 $785K$419K
-46.6%
3 $449K$389.9K
-13.2%
4 $525K$572K
+9.0%
5+ $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
-6.9%
Crystal Lake Township
-10.6%

Housing Supply in Frankfort, MI

How many homes are available in Frankfort, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
75-28.6%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 31
-66.7%
5+ 23
+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 2023Feb 2024CHANGE
223 Days92 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.

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

Report Updated 18 Days Ago

Newest Listings in Frankfort, MI

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