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Frankfort

Why you'd want to live in Frankfort

Frankfort, Illinois, offers a picturesque blend of small-town charm and modern conveniences that attract residents seeking a serene suburban lifestyle. Located southwest of Chicago, Frankfort boasts a quaint downtown area dotted with boutique shops, cozy cafes, and family-owned restaurants, creating a welcoming atmosphere for both residents and visitors. The community takes pride in its top-rated schools, recreational amenities such as parks and trails, and a calendar full of community events that foster a strong sense of belonging. With its well-maintained neighborhoods and diverse housing options ranging from historic homes to newer developments, Frankfort appeals to families and individuals looking to settle in a tranquil yet dynamic environment within easy reach of urban amenities.

Frankfort Market Report

$737,417

AVERAGE PRICE OF 113 HOMES

$385,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,824,560

AVERAGE PRICE OF 19 MULTI-MILLION DOLLAR HOMES

$819,421

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$1,147,574

AVERAGE PRICE OF 5 HOMES WITH A POOL

$750,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $737,417
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

2 bedrooms $442,320
3 bedrooms $448,450
4 bedrooms $719,930
5 bedrooms $739,160
Frankfort Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 133 146 165 159 152
Average Price $720,106 $690,905 $641,468 $638,708 $618,152
Avg Price Change +4.23% +7.71% +0.43% +3.33% +7.72%
Median Price $611,663 $599,423 $551,092 $560,819 $560,155
Med Price Change +2.04% +8.77% -1.77% +0.12% +1.60%
Avg Bedrooms 2.85 beds 2.94 beds 2.94 beds 2.97 beds 2.85 beds
Avg Bathrooms 2.51 baths 2.58 baths 2.55 baths 2.47 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Lincoln-Way East High School 42 $674,587 87 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 113 $737,417 131 days
Distressed Homes 1 $385,000 5 days
Multi-Million Dollar Homes 19 $1,824,560 204 days
Newly Built Homes 18 $819,421 152 days
Homes with a Pool 5 $1,147,574 75 days
Reduced Price Homes 1 $750,000 40 days
Metro Chicago Home Listings
Shena Omotola
1 Westbrook Corporate Center #300
Westchester, IL 60154
630-517-0350

Based on information submitted to the MLS GRID by MRED as of January 19, 2025 5 PM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. DMCA Notice
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