Altos Market Data for Realtors

Frankfort, IL

Single-Family Homes

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Frankfort, IL

Tue Sep 21 2021
This week the median list price for Frankfort, IL is $500,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has decreased to 53. Click here to stay informed with the Frankfort market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Frankfort, IL

Tue Sep 21 2021
This week the median list price for Frankfort, IL is $500,000 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has decreased to 53. Click here to stay informed with the Frankfort market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Frankfort market.
Median List Price $500,000
Median Price of New Listings $489,900
Per Square Foot $164
Average Days on Market 80
Median Days on Market 42
Price Decreased 34%
Price Increased 0%
Relisted 23%
Inventory 53
Median Rent $94,900
Market Action 55
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$829,900 4,511 0.5 - 1 acre 4 4 16 1 2 70
$549,900 3,621 0.25 - 0.5 acre 4 3 15 3 3 35
$464,900 3,071 0.25 - 0.5 acre 4 3 19 3 3 42
$349,950 2,150 0.25 - 0.5 acre 4 2 38 2 3 28