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McLean County Times

Monday, November 25, 2024

Frankfort (Will County) home prices fall in March 2019

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The median sale price of a home sold in March 2019 in Frankfort in Will County fell by $111,500 while total sales increased by 126.7%, according to BlockShopper.com.

In March 2019, there were 34 homes sold, with a median sale price of $358,500 - a 23.7% decrease over the $470,000 median sale price for the same period of the previous year. There were 15 homes sold in Frankfort in March 2018.

The median sales tax in Frankfort for the most recent year with available data, 2018, was $8,819, approximately 2.5% of the median home sale price for March 2019.

The following table compares Frankfort to other Will County cities with similar median sales prices in March 2019:

CityMar. 2019 Home SalesMar. 2018 Home Sales% change (Total Home Sales)Mar. 2019 Median Sales PriceMar. 2018 Median Sales Price% change (Median Sales Price)
Naperville39375.4%$454,000$471,000-3.6%
Wilton10-$385,000$0-
Lincolnwood Hills10-$376,000$0-
Frankfort3415126.7%$358,500$470,000-23.7%
Homer Glen261662.5%$355,000$331,0007.3%
Minooka41300%$302,750$255,00018.7%
Spencer10-$298,000$0-
River Edge Estates10-$296,000$0-
Mokena1213-7.7%$287,500$331,000-13.1%
Plainfield48464.3%$287,250$301,500-4.7%
Manhattan13128.3%$265,000$296,750-10.7%
* This story only considers sales data for the part of Frankfort that is in Will County.

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