From October through December of 2017, there were 89 homes sold, with a median sale price of $373,500 - a 6.7% increase over the $350,000 median sale price for the same period of the previous year. There were 73 homes sold in Frankfort in the fourth quarter of 2016.
The median sales tax in Frankfort for 2017 was $8,791.50. In 2016, the median sales tax was $8,553.40. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Frankfort to other Will County cities with similar median sales prices in the fourth quarter of 2017:* This story only considers sales data for the part of Frankfort that is in Will County.