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Will County Gazette

Friday, April 19, 2024

Frankfort (Will County) home prices rise in 2018

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The median sale price of a home sold in 2018 in Frankfort in Will County rose by $11,500 while total sales decreased by 8.4%, according to BlockShopper.com.

From January through December of 2018, there were 361 homes sold, with a median sale price of $362,500 - a 3.3% increase over the $351,000 median sale price for the previous year. There were 394 homes sold in Frankfort in 2017.

The median sales tax in Frankfort for the most recent year with available data, 2017, was $8,792, approximately 2.4% of the median home sale price for 2018.

The following table compares Frankfort to other Will County cities with similar median sales prices in 2018:

CityJan. - Dec. 2018 Home SalesJan. - Dec. 2017 Home Sales% change (Total Home Sales)Jan. - Dec. 2018 Median Sales PriceJan. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Naperville7276836.4%$439,000$425,0003.3%
Custer Park12850%$365,000$87,000319.5%
Frankfort361394-8.4%$362,500$351,0003.3%
River Edge Estates660%$356,000$414,750-14.2%
Graver Country Estates37-57.1%$351,250$313,00012.2%
Wheatland View46-33.3%$332,500$330,0000.8%
Homer Glen313330-5.2%$320,000$311,5002.7%
Brook Crossings Estates18-87.5%$308,000$333,500-7.6%
Lincolnwood Hills36-50%$305,000$235,00029.8%
Tinley Park107108-0.9%$302,000$249,00021.3%
Wheatland Plains23-33.3%$289,250$165,00075.3%
* This story only considers sales data for the part of Frankfort that is in Will County.

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