Photo: Zarka Khalid · CC BY-SA 4.0256 homes sold in Frankfort in the last year, at a typical $607K
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 homes are listed.
Every place Frankfort 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.
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.
7% of Frankfort’s sales are condos, at $339K less than a house
195 houses and 18 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 195 sold in 12 months
- Per square foot
- $205IL $180
- Days to sell
- 57
- Sold over asking
- 29%
- Listings with a price cut
- 18%
typical sale · 18 sold in 12 months
- Per square foot
- $194IL $251
- Days to sell
- 68
- Sold over asking
- 11%
- Listings with a price cut
- 43%
Townhouses: 43 sold, typical $497K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.6 times the 2016 price
256 sales in the last year, against 408 in 2021 and a low of 241 in 2023. The typical sale went from $368K in 2016 to $607K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $600K buys in Frankfort
Check a listing against what Frankfort 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 are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Frankfort’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 May 2026, 256 sales.
If you’re buying in Frankfort
- Shop in March. It brings about 41 new listings a month, close to the busiest month, with fewer bidding wars (18% over asking).
- Less room to haggle. Only 17% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 98.8% of the list price on average; 27% paid over.
- You’ll usually have time. Only 41% of homes go under contract within two weeks; the typical one takes 58 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 46 a month), but June is the most competitive: 28% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (18%). February has the least competition (12%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Illinois
| Frankfort now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 27% | 9% | 41% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 41% | 26% | 55% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 17% | 24% | 21% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 98.8% | 97.1% | 99.9% | 99.2% |
| Days to sellMedian days from listing to contract | 58 | 84 | 16 | 49 |
60 homes for sale on a typical day
That’s 1.3 times the 2021 low (48), 58% fewer than in 2017–19 and well under 2012’s 171.
1 in 6 listings has cut its price
17% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 63%, condos 61%
A house typically sold for $662K in the last year (195 sales), a condo for $323K (18).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Frankfort ranks 282nd of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Frankfort is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 11.
Best time to buySchools
The schools grade for Frankfort, from test results, graduation and how much students grow.
Schools in FrankfortTypical commute
The average one-way trip to work for people who live in Frankfort.
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.
Tinley Park and Matteson sell for less a square foot
The busier markets within 25 miles of Frankfort, 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 |
| New Lenox | 317 | $465K | $204 | 32% | 50 |
| 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, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Frankfort. People who follow the town see it, and so do people comparing Frankfort with their own town. No commission, no listing fee.
Questions about buying a home in Frankfort
What do homes sell for in Frankfort, IL?
256 homes sold in the year to May 2026 at a typical $607K, $204 a square foot. Houses sold for about $662K, condos for about $323K.
Is Frankfort a buyer’s or seller’s market?
A seller’s market: 78 homes were for sale in May 2026 and 27 sold, about 2.9 months of supply. Buyers paid 98.8% of asking on average, and 17% of listings cut their price.
When is the best time to buy in Frankfort?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Frankfort?
Zillow, Redfin, Realtor.com and Homes.com all carry Frankfort’s MLS listings; the search links above open each one filtered to Frankfort.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).