Photo: Zarka Khalid · CC BY-SA 4.0380 homes sold in Frankfort Township in the last year, at a typical $506K
Redfin reports Frankfort Township’s sales by ZIP code, so these figures are for ZIP 60423, which takes in Frankfort Township and the area around it. Almost every sale is a house. 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 Township homes are listed.
Every place Frankfort Township 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 Township.
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.
8% of Frankfort Township’s sales are condos, at $266K less than a house
288 houses and 32 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 288 sold in 12 months
- Per square foot
- $209IL $180
- Days to sell
- 52
- Sold over asking
- 33%
typical sale · 32 sold in 12 months
- Per square foot
- $196IL $251
- Days to sell
- 55
- Sold over asking
- 18%
Fewer homes sell than before 2022, at 1.7 times the 2016 price
380 sales in the last year, against 599 in 2021 and a low of 311 in 2012. The typical sale went from $302K in 2016 to $506K.
Source: Redfin Data Center, MLS sales; for ZIP 60423, which takes in Frankfort Township and the area around it (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.
What $500K buys in Frankfort Township
Check a listing against what Frankfort Township 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 Township are more common than before the pandemic, but half fewer homes come up for sale
We read every month of home sales in ZIP 60423 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 May 2026, 380 sales.
If you’re buying in Frankfort Township
- Shop in May. It brings about 60 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- Bid near asking. Buyers paid 99.2% of the list price on average; 30% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 66 a month), and the most competition: 28% close over asking. May and June offer nearly as much choice with fewer homes bid up (25%). February has the least competition (16%) but only about 31 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Frankfort Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 12% | 45% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 49% | 32% | 61% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 97.2% | 100.3% | 99.2% |
| Days to sellMedian days from listing to contract | 51 | 71 | 11 | 49 |
86 homes for sale on a typical day
That’s 1.5 times the 2021 low (59), 53% fewer than in 2017–19 and well under 2012’s 233.
Since 2019, houses are up 55%, condos 70%
A house typically sold for $562K in the last year (288 sales), a condo for $296K (32).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 60423, which takes in Frankfort Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Frankfort Township home costs about $3,633 a month
Price: Frankfort Township’s typical sale, last 12 months. Property tax at Frankfort Township’s 2.4% (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 Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 27.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $506K home, about $11,920 a year.
Taxes vs. neighborsSchools
The schools grade for Frankfort Township, from test results, graduation and how much students grow.
Schools in Frankfort TownshipTypical commute
The average one-way trip to work for people who live in Frankfort Township.
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.
Mokena, Tinley Park and Matteson sell for less a square foot
The busier markets within 25 miles of Frankfort Township, 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 | 840 | $322K | $190 | 40% | 51 |
| Frankfort Township (ZIP 60423) | 380 | $506K | $207 | 30% | 51 |
| Frankfort | 256 | $607K | $204 | 27% | 58 |
| Mokena | 221 | $451K | $198 | 42% | 54 |
| Matteson | 194 | $265K | $148 | 37% | 82 |
| Frankfort Square | 107 | $350K | $221 | 37% | 44 |
| Orland Hills | 79 | $342K | $216 | 43% | 54 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Frankfort Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Frankfort Township. People who follow the town see it, and so do people comparing Frankfort Township with their own town. No commission, no listing fee.
Questions about buying a home in Frankfort Township
What do homes sell for in Frankfort Township, IL?
380 homes sold in the year to May 2026 at a typical $506K, $207 a square foot. Houses sold for about $562K, condos for about $296K.
Is Frankfort Township a buyer’s or seller’s market?
A seller’s market: 109 homes were for sale in May 2026 and 34 sold, about 3.2 months of supply. Buyers paid 99.2% of asking on average.
When is the best time to buy in Frankfort Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Frankfort Township?
About 2.4% of a home’s value a year. On a $506K home that’s near $11,920.
Where can I see homes for sale in Frankfort Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Frankfort Township’s MLS listings; the search links above open each one filtered to Frankfort Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 60423, which takes in Frankfort Township and the area around it (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).