Will County Gazette

Will County Gazette

Thursday, December 12, 2019

Frankfort (Will County) home prices fall in October 2018

Real Estate

By Local Labs News Service | Nov 14, 2018

Re 1

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:

City
Oct. 2018 Home Sales
Oct. 2017 Home Sales
% change (Total Home Sales)
Oct. 2018 Median Sales Price
Oct. 2017 Median Sales Price
% change (Median Sales Price)
Naperville
56
40
40%
$413,750
$362,500
14.1%
Frankfort
32
34
-5.9%
$336,500
$379,250
-11.3%
Homer Glen
41
28
46.4%
$315,000
$315,000
0%
Wheatland View
1
0
-
$300,000
$0
-
Peotone
3
3
0%
$294,115
$161,000
82.7%
Plainfield
57
75
-24%
$284,000
$250,000
13.6%
Mokena
19
29
-34.5%
$275,000
$320,000
-14.1%
Manhattan
16
23
-30.4%
$273,400
$293,611
-6.9%
Tinley Park
10
11
-9.1%
$250,000
$233,000
7.3%
New Lenox
49
38
28.9%
$245,000
$281,500
-13%
Channahon
10
13
-23.1%
$236,950
$190,000
24.7%
* This story only considers sales data for the part of Frankfort that is in Will County.

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