Is Frankfort, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Frankfort has remained a Seller's Market.
Housing Prices in Frankfort, IN
How much do homes in Frankfort, IN cost?
Median Sold Price
$200,500
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Frankfort was $200,500 in May 2024, up 34.3% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130.5K | $112K | -14.2% |
3 Bedrooms | $149.2K | $220K | +47.4% |
4 Bedrooms | $162.5K | $243K | +49.5% |
5+ Bedrooms | $310.2K | $419.9K | +35.4% |
Summary: Frankfort housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
Frankfort | $149.2K | $200.5K | +34.3% |
Center Township | $148.5K | $175K | +17.8% |
Housing Supply in Frankfort, IN
How many homes are available in Frankfort, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 41 | +51.9% |
Summary: The Frankfort real estate market had 41 homes for sale in May 2024, a 51.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 12 | 23 | +91.7% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Frankfort housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 91.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Frankfort in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 31% were sold under asking, 46% were sold at asking, and 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 12 Days | -57.3% |
Summary: Homes in Frankfort had an average of 12 days on market in May 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Frankfort; 23% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.