Is Frankfort, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Frankfort was a Seller's Market.
Key Takeaway
Frankfort is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Frankfort, NY
How much do homes in Frankfort, NY cost?
Median Sold Price
$152,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frankfort have sold for 19.7% less than they did a year ago.
Summary: The median home sold price in Frankfort was $152,500 in March 2024, down 19.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $147.5K | $106K | -28.1% |
| 3 Bedrooms | $186K | $149.4K | -19.6% |
| 4 Bedrooms | $315K | $222.6K | -29.3% |
| 5+ Bedrooms | $75K | $129K | +72.0% |
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 28.1%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes increased by 72%.
Median Sold Price Compared To Nearby Cities
| Schuyler | $262.5K | $215K | -18.1% |
| Frankfort | $190K | $152.5K | -19.7% |
Housing Supply in Frankfort, NY
How many homes are available in Frankfort, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Frankfort real estate market had 17 homes for sale in March 2024, a 21.4% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
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 increased by 200%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankfort, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Frankfort in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Frankfort, NY
How long does it take to sell a home in Frankfort, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 90 Days | +223.2% |
Summary: Homes in Frankfort had an average of 90 days on market in Mar 2024, up by 223.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Frankfort; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
