Is Frankfort Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frankfort Township has remained a Seller's Market.
Housing Prices in Frankfort Township, IL
How much do homes in Frankfort Township, IL cost?
Median Sold Price
$395,475
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankfort Township was $395,475 in April 2024, up 63.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $128.2K | +95.8% |
2 Bedrooms | $89.7K | $208.5K | +132.3% |
3 Bedrooms | $225K | $334K | +48.4% |
4 Bedrooms | $425K | $550K | +29.4% |
5+ Bedrooms | $587.5K | $596K | +1.4% |
Summary: Frankfort Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.8%, 2 bedroom homes increased by 132.3%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Frankfort Township | $242.5K | $395.4K | +63.1% |
Lake Creek | $95.5K | $124.5K | +30.4% |
West Frankfort | $69K | $87.5K | +26.8% |
Housing Supply in Frankfort Township, IL
How many homes are available in Frankfort Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
137 | 142 | +3.6% |
Summary: The Frankfort Township real estate market had 142 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 26 | 27 | +3.8% |
3 Bedrooms | 42 | 48 | +14.3% |
4 Bedrooms | 45 | 46 | +2.2% |
5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Frankfort Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 33 | -13.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Frankfort Township in April 2024, down by 13.2% month-over-month. Of the 33 sold homes, 48% were sold under asking, 21% were sold at asking, and 30% were sold over asking.
Days on Market for Frankfort Township, IL
How long does it take to sell a home in Frankfort Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 27 Days | -31.7% |
Summary: Homes in Frankfort Township had an average of 27 days on market in Apr 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Frankfort Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.