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Frankfort Square home prices fall in the first quarter of 2018

Real Estate

By Local Labs News Service | Apr 14, 2018

Re 14

The median sale price of a home sold in the first quarter of 2018 in Frankfort Square fell by $6,350 while total sales decreased by 11.5%, according to BlockShopper.com.

From January through March of 2018, there were 23 homes sold, with a median sale price of $219,900 - a 2.8% decrease over the $226,250 median sale price for the same period of the previous year. There were 26 homes sold in Frankfort Square in the first quarter of 2017.

The median sales tax in Frankfort Square for the most recent year with available data, 2017, was $5,554.30, approximately 2.5% of the median home sale price for the first quarter of 2018.

The following table compares Frankfort Square to other Will County cities with similar median sales prices in the first quarter of 2018:

City
Jan. - Mar. 2018 Home Sales
Jan. - Mar. 2017 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2018 Median Sales Price
Jan. - Mar. 2017 Median Sales Price
% change (Median Sales Price)
Mokena
33
68
-51.5%
$243,000
$249,000
-2.4%
Aurora
26
50
-48%
$241,500
$164,000
47.3%
Custer Park
1
3
-66.7%
$230,000
$59,000
289.8%
Tinley Park
22
17
29.4%
$230,000
$225,000
2.2%
Shorewood
43
50
-14%
$229,900
$192,000
19.7%
Frankfort Square
23
26
-11.5%
$219,900
$226,250
-2.8%
Minooka
2
4
-50%
$218,250
$237,450
-8.1%
Lockport
80
121
-33.9%
$209,500
$187,000
12%
Boula
4
2
100%
$209,000
$144,500
44.6%
Bolingbrook
178
254
-29.9%
$206,750
$184,950
11.8%
Peotone
7
13
-46.2%
$205,000
$157,500
30.2%

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