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McLean County Times

Saturday, November 2, 2024

Frankfort (Will County) home prices fall in October 2018

Realestate2

The median sale price of a home sold in October 2018 in Frankfort in Will County fell by $42,750 while total sales decreased by 5.9%, according to BlockShopper.com.

In October 2018, there were 32 homes sold, with a median sale price of $336,500 - a 11.3% decrease over the $379,250 median sale price for the same period of the previous year. There were 34 homes sold in Frankfort in October 2017.

The median sales tax in Frankfort for the most recent year with available data, 2017, was $8,791.50, approximately 2.6% of the median home sale price for October 2018.

The following table compares Frankfort to other Will County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Naperville564040%$413,750$362,50014.1%
Frankfort3234-5.9%$336,500$379,250-11.3%
Homer Glen412846.4%$315,000$315,0000%
Wheatland View10-$300,000$0-
Peotone330%$294,115$161,00082.7%
Plainfield5775-24%$284,000$250,00013.6%
Mokena1929-34.5%$275,000$320,000-14.1%
Manhattan1623-30.4%$273,400$293,611-6.9%
Tinley Park1011-9.1%$250,000$233,0007.3%
New Lenox493828.9%$245,000$281,500-13%
Channahon1013-23.1%$236,950$190,00024.7%
* This story only considers sales data for the part of Frankfort that is in Will County.

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