Photo: Paul J Everett · CC BY 2.0167 homes sold in Frankfort in the last year, at a typical $199K
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 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.
Houses are 96% of Frankfort’s sales, at a typical $198K
167 homes sold in the year to May 2026.
typical sale · 160 sold in 12 months
- Per square foot
- $144IN $148
- Days to sell
- 30
- Sold over asking
- 18%
- Listings with a price cut
- 40%
Multi-family (2–4 units): 4 sold, typical $150K
Condos: 3 sold, typical $288K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 2.7 times the 2016 price
167 sales in the last year, against 206 in 2022 and a low of 38 in 2012. The typical sale went from $74K in 2016 to $199K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K 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 back to pre-pandemic levels, but 37% 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, 167 sales.
If you’re buying in Frankfort
- Shop in March. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Offer under asking. Buyers paid 96.9% of the list price on average; 19% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 30 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 19 a month), but April is the most competitive: 32% of April sales close over asking. March offers nearly as much choice with fewer homes bid up (14%). March has the least competition (14%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Indiana as a whole
| Frankfort now | 2017–19 | 2021 peak | IN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 19% | 16% | 39% | 19% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 2% | 2% | 37% |
| Listings with a price cutShare of homes for sale that cut their price | 40% | — | — | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 96.9% | 95.1% | 98.6% | 97.7% |
| Days to sellMedian days from listing to contract | 30 | 77 | 49 | 35 |
34 homes for sale on a typical day
That’s 1.6 times the 2023 low (21), 37% fewer than in 2017–19 and well under 2015’s 82.
1 in 2 listings has cut its price
40% in the last year, against — in 2017–19 and 33% across Indiana.
Frankfort ranks 66th of 132 busy Indiana markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Frankfort is in the middle of the pack.
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.
Owning the typical Frankfort home costs about $1,153 a month
Price: Frankfort’s typical sale, last 12 months. Property tax at Frankfort’s 0.7% (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 is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. February has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $199K home, about $1,370 a year.
Taxes vs. neighborsSchools
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.
Thorntown and Flora sell for less a square foot; Dayton for far more
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 | |
|---|---|---|---|---|---|
| Lafayette | 774 | $228K | $163 | 25% | 24 |
| Lebanon | 260 | $281K | $171 | 16% | 33 |
| Frankfort | 167 | $199K | $143 | 19% | 30 |
| Dayton | 39 | $301K | $183 | 23% | 56 |
| Mulberry | 24 | $221K | $151 | 17% | 41 |
| Flora | 23 | $187K | $123 | 26% | 59 |
| Thorntown | 21 | $257K | $126 | 19% | 35 |
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, IN?
167 homes sold in the year to May 2026 at a typical $199K, $143 a square foot.
Is Frankfort a buyer’s or seller’s market?
A seller’s market: 25 homes were for sale in May 2026 and 22 sold, about 1.1 months of supply. Buyers paid 96.9% of asking on average, and 40% 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.
How much are property taxes in Frankfort?
About 0.7% of a home’s value a year. On a $199K home that’s near $1,370.
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).