Frankfort (Will County) home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Frankfort in Will County rose by $12,000 while total sales decreased by 5.8%, according to

From July through September of 2020, there were 146 homes sold, with a median sale price of $395,000 - a 3.1% increase over the $383,000 median sale price for the same period of the previous year. There were 155 homes sold in Frankfort in the third quarter of 2019.

The median sales tax in Frankfort for the most recent year with available data, 2019, was $9,026, approximately 2.3% of the median home sale price for the third quarter of 2020.

The following table compares Frankfort to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Custer Park42100%$390,000$191,000104.2%
Graver Country Estates21100%$377,500$340,00011%
Tinley Park3334-2.9%$350,000$310,00012.9%
Wheatland View40-$350,000$0-
Homer Glen1049015.6%$342,250$326,2504.9%
Lincolnwood Hills220%$313,950$271,50015.6%
* This story only considers sales data for the part of Frankfort that is in Will County.

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