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Will County Gazette

Friday, April 19, 2024

Frankfort Square home prices fall in the first quarter of 2018

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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:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Mokena3368-51.5%$243,000$249,000-2.4%
Aurora2650-48%$241,500$164,00047.3%
Custer Park13-66.7%$230,000$59,000289.8%
Tinley Park221729.4%$230,000$225,0002.2%
Shorewood4350-14%$229,900$192,00019.7%
Frankfort Square2326-11.5%$219,900$226,250-2.8%
Minooka24-50%$218,250$237,450-8.1%
Lockport80121-33.9%$209,500$187,00012%
Boula42100%$209,000$144,50044.6%
Bolingbrook178254-29.9%$206,750$184,95011.8%
Peotone713-46.2%$205,000$157,50030.2%

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