From October to December, 27 homes sold in Frankfort Square for a median price of $195,000. That's 11.5 percent lower than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Frankfort Square.
Median property tax for homeowners in Frankfort Square was $5,340.27 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Frankfort Square real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
22
$205,675
-
2010
17
$185,478
-9.8%
2011
14
$180,913
-2.5%
2012
37
$191,731
6%
2013
45
$185,760
-3.1%
2014
37
$185,500
-0.1%
2015
27
$181,790
-2%
2016
32
$184,800
1.7%
2017
33
$220,320
19.2%
2018
27
$195,000
-11.5%
Median property tax
Median sale price
Effective property tax rate
2010
$5,059.63
$185,478
2.7%
2011
$5,688.49
$180,913
3.1%
2012
$5,303.56
$191,731
2.8%
2013
$5,300.76
$185,760
2.9%
2014
$5,294.97
$185,500
2.9%
2015
$5,436.04
$181,790
3%
2016
$5,197.81
$184,800
2.8%
2017
$5,340.27
$220,320
2.4%