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Frankfort

Why you'd want to live in Frankfort

Frankfort, located in the southern suburbs of Chicago, is a charming village that offers a blend of historical character and modern amenities. Known for its vibrant downtown area, Frankfort boasts a variety of boutique shops, restaurants, and cultural events that foster a strong sense of community. The village is home to several parks and recreational facilities, making it an excellent choice for those who enjoy outdoor activities such as walking trails, sports fields, and picnic areas. Additionally, Frankfort's historic district features well-preserved architecture and hosts seasonal events like farmers' markets and art fairs. Its proximity to major highways also provides convenient access to Chicago while maintaining a quieter suburban atmosphere.

Frankfort Market Report

$697,618

AVERAGE PRICE OF 151 HOMES

$325,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,506,976

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$1,052,920

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$846,603

AVERAGE PRICE OF 13 HOMES WITH A POOL

$545,966

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $697,618
Avg Bedrooms 2.98 beds
Avg Bathrooms 2.51 baths

Average Price by Bedrooms

2 bedrooms $453,550
3 bedrooms $451,810
4 bedrooms $732,845
5 bedrooms $772,426
Frankfort Home Price Trends
  3/2026 2/2026 1/2026 12/2025 11/2025
Total Listings 126 110 94 113 137
Average Price $721,280 $734,925 $767,585 $715,860 $672,111
Avg Price Change -1.89% -4.44% +7.23% +6.51% +1.70%
Median Price $622,876 $597,376 $602,326 $561,105 $550,546
Med Price Change +4.27% -0.83% +7.35% +1.92% +0.01%
Avg Bedrooms 2.77 beds 2.65 beds 2.52 beds 2.64 beds 2.76 beds
Avg Bathrooms 2.31 baths 2.22 baths 2.14 baths 2.2 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Lincoln-Way East High School 67 $747,911 45 days
Total Homes Average Price Avg Days on Site
All Homes 151 $697,618 83 days
Distressed Homes 1 $325,000 90 days
Multi-Million Dollar Homes 24 $1,506,976 178 days
Newly Built Homes 20 $1,052,920 78 days
Homes with a Pool 13 $846,603 42 days
Reduced Price Homes 3 $545,966 107 days
Baird & Warner
Jared Gordon
21130 S. LaGrange Rd.
Frankfort, IL 60423
708-927-8460

Based on information submitted to the MLS GRID by MRED as of April 19, 2026 12 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website. DMCA Notice
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