Tue May 30 2023
This week the median list price for Frankfort, IL is $667,400 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 32.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$667,400|
|Median Price of New Listings||$559,000|
|Per Square Foot||$185|
|Average Days on Market||69|
|Median Days on Market||28|
|Strong Seller's Market|
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,134,999||6,000||0.5 - 1 acre||5||4.5||9||2||1||35|
|$729,450||4,341||0.5 - 1 acre||4||3.5||16||0||0||28|
|$617,450||3,365||0.25 - 0.5 acre||4||2.8||22||4||1||17|
|$334,950||1,935||0.25 - 0.5 acre||3||2||48||3||2||7|