122 homes sold in Frankfort Square in the last year, at a typical $346K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Frankfort Square homes are listed.
Every place Frankfort Square homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Frankfort Square.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
10% of Frankfort Square’s sales are condos, at $146K less than a house
78 houses and 11 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 78 sold in the year to May 2026
- Per square foot
- $230IL $180
- Days to sell
- 44
- Sold over asking
- 42%
- Listings with a price cut
- 26%
typical sale · 11 sold in the year to May 2026
- Per square foot
- $190IL $251
- Days to sell
- 58
- Sold over asking
- 27%
- Listings with a price cut
- 36%
Townhouses: 18 sold, typical $298K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
122 sales in the last year, against 172 in 2021 and a low of 93 in 2012. The typical sale went from $201K in 2016 to $346K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $350K buys in Frankfort Square
Check a listing against what Frankfort Square homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Frankfort Square are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Frankfort Square’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 122 sales.
If you’re buying in Frankfort Square
- Shop in June. It brings about 18 new listings a month, close to the busiest month, with fewer bidding wars (32% over asking).
- Bid near asking. Buyers paid 100.2% of the list price on average; 42% paid over.
- Move fast on good ones. 57% of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 18 a month), but August is the most competitive: 40% of August sales close over asking. January has the least competition (17%) but only about 8 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Illinois
| Frankfort Square now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 42% | 17% | 62% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 57% | 40% | 71% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 97.5% | 101.8% | 99% |
| Days to sellMedian days from listing to contract | 44 | 59 | 8 | 51 |
21 homes for sale on a typical day
That’s 2.5 times the 2021 low (9), 36% fewer than in 2017–19 and well under 2012’s 44.
Since 2019, houses are up 57%, condos 70%
A house typically sold for $367K in the year to May 2026 (78 sales), a condo for $221K (11).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Frankfort Square ranks 100th of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Frankfort Square is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Frankfort Square home costs about $2,449 a month
Price: Frankfort Square’s typical sale, last 12 months. Property tax at Frankfort Square’s 2.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Frankfort Square is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $346K home, about $7,720 a year.
Taxes vs. neighborsSchools
The schools grade for Frankfort Square, from test results, graduation and how much students grow.
Schools in Frankfort SquareTypical commute
The average one-way trip to work for people who live in Frankfort Square.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Matteson, Tinley Park, Frankfort, Mokena, Richton Park and Country Club Hills sell for less a square foot
The busier markets within 25 miles of Frankfort Square, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Tinley Park | 842 | $328K | $192 | 41% | 48 |
| Frankfort | 260 | $615K | $210 | 24% | 54 |
| Mokena | 225 | $455K | $199 | 34% | 52 |
| Country Club Hills | 220 | $228K | $142 | 38% | 73 |
| Matteson | 199 | $261K | $146 | 36% | 85 |
| Frankfort Square | 122 | $346K | $217 | 42% | 44 |
| Richton Park | 116 | $219K | $144 | 37% | 89 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Frankfort Square, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Frankfort Square. People who follow the town see it, and so do people comparing Frankfort Square with their own town. No commission, no listing fee.
Questions about buying a home in Frankfort Square
What do homes sell for in Frankfort Square, IL?
122 homes sold in the year to September 2026 at a typical $346K, $217 a square foot. Houses sold for about $367K, condos for about $221K in the year to May 2026.
Is Frankfort Square a buyer’s or seller’s market?
A seller’s market: 17 homes were for sale in September 2026 and 11 sold, about 1.5 months of supply. Buyers paid 100.2% of asking on average.
When is the best time to buy in Frankfort Square?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Frankfort Square?
About 2.2% of a home’s value a year. On a $346K home that’s near $7,720.
Where can I see homes for sale in Frankfort Square?
Zillow, Redfin, Realtor.com and Homes.com all carry Frankfort Square’s MLS listings; the search links above open each one filtered to Frankfort Square.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).