Frankfort, IL Real Estate Market Summary – September 7, 2026
The real estate market in Frankfort, IL has seen 23 homes sold in the past 30 days, with an average living area of 2,741 square feet. The median sale price during this period was $540,000, and homes were on the market for an average of 18 days before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 23 |
| Sold Per Day | 1 every 1.30 days |
| Average SQFT | 2741 |
| Median Sales Price | $540,000 |
| Average Sales Price | $593,104 |
| Average Price Per SQFT | $222 |
| Average Days on Market | 18 |
| Average Year Built | 1993 |
Frankfort, IL Single Family Home Analysis
In the single-family home segment, 20 properties were sold, featuring an average living area of 2,971 square feet. The median price for these homes reached $580,400, and on average, they were on the market for about 16 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 20 |
| Sold Per Day | 1 every 1.50 days |
| Average SQFT | 2971 |
| Median Sales Price | $580,400 |
| Average Sales Price | $635,070 |
| Average Price Per SQFT | $219 |
| Average Days on Market | 16 |
| Average Year Built | 1993 |
Frankfort, IL Condo & Townhome Analysis
The condo and townhome segment experienced the sale of 3 units, with an average living area of 1,284 square feet. The median sale price was $330,000, and these homes averaged 22 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 1284 |
| Median Sales Price | $330,000 |
| Average Sales Price | $313,333 |
| Average Price Per SQFT | $238 |
| Average Days on Market | 22 |
| Average Year Built | 1994 |
Buyer & Seller Analysis
- 23 homes sold in the last 30 days.
- Average days on market across all segments is 18 days.
- Median sale price in Frankfort is $540,000.
- Pace of listings is approximately 1 every 1.30 days.
Conclusion
The data indicates a stable market in Frankfort, IL, with reasonable turnover and a mix of property types. As the market continues to evolve, tracking these metrics will be essential for understanding local real estate trends.