Will County Gazette

Will County Gazette

Tuesday, April 7, 2020

Q4 real estate sales report: Frankfort

Real Estate

By Local Labs News Service | Apr 10, 2019

Re 1

Median prices declined in Frankfort over last year, and are down 2.6 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 86 homes sold in Frankfort for a median price of $350,250. That's 8.1 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 5 homes in Frankfort were in foreclosure.

Median property tax for homeowners in Frankfort was $8,340.93 in 2017 according to tax data from that year. That means homeowners pay 2.2 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 real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
86
$359,717
-
2010
63
$336,300
-6.5%
2011
81
$293,800
-12.6%
2012
99
$293,210
-0.2%
2013
139
$333,720
13.8%
2014
101
$344,500
3.2%
2015
91
$336,020
-2.5%
2016
73
$367,500
9.4%
2017
89
$380,970
3.7%
2018
86
$350,250
-8.1%

Median property tax
Median sale price
Effective property tax rate
2010
$8,120.99
$336,300
2.4%
2011
$7,314.30
$293,800
2.5%
2012
$7,012.79
$293,210
2.4%
2013
$8,421.47
$333,720
2.5%
2014
$8,130.79
$344,500
2.4%
2015
$7,700.51
$336,020
2.3%
2016
$9,861.87
$367,500
2.7%
2017
$8,340.92
$380,970
2.2%

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