Frankfort, IL Foreclosures
How much do homes sell for in Frankfort, IL?
The average home price is currently $534,805.
In Frankfort, IL, how many homes are available?
There are currently 307 active home listings available in Frankfort.
What’s the average rental cost in Frankfort, IL?
The average rental price in Frankfort is $2,265.
What is the most expensive home in Frankfort?
The most expensive home sold in Frankfort had a price of $29,091,557.
What is currently the cheapest priced home in Frankfort, IL?
The cheapest home for sale in Frankfort is priced at $10,228.
Living in Frankfort, IL
Frankfort, Illinois is a scenic suburban community that offers a delightful blend of small-town charm and modern conveniences. With a close-knit community vibe, residents enjoy various recreational amenities, excellent schools, and a range of dining and shopping options. Located just 40 miles southwest of Chicago, Frankfort provides easy access to an urban lifestyle while maintaining its quiet suburban atmosphere.
Current Market Conditions in Frankfort, IL
The real estate market in Frankfort is currently experiencing a steady demand, driven by its reputation as a desirable family-friendly area. Home prices have seen an incremental increase in the past year, reflecting the city's growth and appeal. Buyers are attracted to the region due to its excellent schools and abundant amenities, keeping competition relatively high, especially for single-family homes.
In recent months, inventory levels have remained tight, leading to competitive offers on homes for sale. With interest rates fluctuating, potential buyers are encouraged to act quickly to secure properties, as homes in Frankfort typically sell within a short time frame.
Home Value Estimator For Frankfort, IL
There are currently 11,913 real estate properties
in Frankfort, IL,
with a median automated valuation model (AVM) price
of $484,791.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Frankfort, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Frankfort, IL,
is $534,805.00, with the most expensive house
in Frankfort, IL, topping out
at $29,091,557.00 and the cheapest home
in Frankfort, IL,
clocking in at $10,228.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Frankfort, IL!
Rent Prices
In Frankfort, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Frankfort, IL, is on
a rollercoaster ride. The
average rent price in Frankfort, IL,
is $2,265.00. Indeed, when looking to rent in
Frankfort, IL, you can expect to pay as little
as $710.00 or as much
as $4,180.00,
with the average rent median estimated to
be $2,230.00. The good news is that finding
an affordable and desirable property to rent in Frankfort, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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