Real Estate Market Update for 60423 (Frankfort, IL)

Video: Real Estate Community Tour for 60423 (Frankfort, IL)

See Real estate community tour for 60423 (Frankfort, IL)
Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 10% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 390-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold increased 29% year-over-year, and decreased 5% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 60423 (Frankfort, IL)
Area Information for 60423 (Frankfort, IL)
  • Population: 31,224
  • Median Age: 39.08 yr
  • Median Commute Time: 29.45 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 856/sq mi
  • Population Change Since 2000: 40.43%
  • Closest Airport: Chicago Midway International
  • Closest College: Devry University-tinley Park
  • Closest Jr. College: Prairie State College
  • Median Household Income: $99,971
  • Annual Residential Turnover: 12.28%
  • Median Years in Residence: 4.56 yr
  • Median Home Sales Price: $249,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 30%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60423 (Frankfort, IL)
Median Age: 39.08 Married: 44% Number of Households: 10,484 Households with Children: 4,733
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60423 (Frankfort, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Chelsea Elementary School 1.5 mi Public 3-5 4-5 4
      Montessori Of Frankfort 1.6 mi Private PRESCHOOL-K 0 0
      Heritage Christian School 2.1 mi Private K-12 0 4
      Bobbie Noonans Child Care 2.2 mi Private PRESCHOOL-5 0 0
      Grand Prairie Elementary School 2.4 mi Public PRESCHOOL-2 0 4
      Kindercare Learning Center 2.5 mi Private PRESCHOOL-K 0 0
      Chicago Autism Academy 2.5 mi Private PRESCHOOL-12 0 0
      Pioneer Grove Educational Center 2.7 mi Public PRESCHOOL-12 0 5
      Lincoln-way East High School 2.8 mi Public 9-12 5 4
      Indian Trail Elementary School 2.9 mi Public 1-4 4 5
      Hickory Creek Middle School 3.3 mi Public 6-8 4-5 4
      Green Garden Elementary School 3.4 mi Public K-4 4 4
      Summit Hill Junior High School 3.5 mi Public 7-8 4 3
      Dr Julian Rogus School 3.9 mi Public PRESCHOOL-4 4-5 5
      Frankfort Square Elementary School 3.9 mi Public 1-4 5 4
      Lincoln-way North High School 4.3 mi Public 9-12 4-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 60423 (Frankfort, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.