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Brookside Glen Millenium Lakes Ridgeland Manor

FRANKFORT, IL 60423

Real Estate Market Report  ·  Will County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60423

Brookside Glen · Millenium Lakes · Ridgeland Manor

Market Analysis

Data as of September 2026. Source: Realtor.com.

The FRANKFORT, IL real estate market (60423) currently shows 111 active listings, with 31 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 34 days last year.

The median listing price has risen 13% year-over-year, from $567,500 to $641,250.

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Market Context

Market Context

Population: 32,596  ·  Density: 332.3/mi²  ·  Median household income: $134,640

Typical home value: $367,930  ·  Homeownership: 92.8%

Market Overview

Active Listings
111
⇧ 8.8% vs 102 last year
Pending
31
28% pending ratio
Median Price
$641,250
⇧ 13% vs $567,500 last year
Average Price
$683,804
⇧ 4.1% vs $656,603 last year
Days on Market
37
⇧ 8.8% vs 34 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 1.4% vs $213/sqft last year
Median Home Size
2,806 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 111 this year vs 102 last year
  • Days on market: 37 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $641,250 (+13% YoY)
  • Average: $683,804 (+4.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.3 miles — 734 listings ($279,267,769 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60423Frankfort, IL 604230.0 mi77$54,908,931$659,450$713,103
60443Matteson, IL 604435.1 mi90$28,288,980$279,700$314,322
60487Tinley Park, IL 604875.8 mi55$24,268,475$437,400$441,245
60451New Lenox, IL 604516.6 mi88$49,007,904$510,771$556,908
60484University Park, IL 604847.2 mi29$6,001,579$210,375$206,951
60461Olympia Fields, IL 604618.1 mi14$5,048,316$377,400$360,594
60467Orland Park, IL 604678.6 mi61$40,818,943$534,950$669,163
60422Flossmoor, IL 604229.0 mi47$16,372,826$312,375$348,358
60468Peotone, IL 6046810.0 mi12$3,864,288$315,575$322,024
60429Hazel Crest, IL 6042910.4 mi104$19,303,024$181,750$185,606
60433Joliet, IL 6043310.6 mi31$7,668,687$242,450$247,377
60475Steger, IL 6047511.0 mi43$8,999,169$179,929$209,283
60428Markham, IL 6042811.3 mi83$14,716,647$166,995$177,309

Frequently Asked Questions

How many homes are for sale in FRANKFORT, IL 60423?

As of September 2026, there are 111 active listings in FRANKFORT, IL (zip code 60423), compared to 102 the prior year.

What is the median home price in FRANKFORT, IL 60423?

The median listing price in FRANKFORT, IL 60423 is $641,250 as of September 2026, a 13% increase from $567,500 the prior year.

How long do homes stay on the market in FRANKFORT, IL?

Homes in FRANKFORT, IL 60423 spend an average of 37 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in FRANKFORT, IL 60423?

Based on current inventory and days-on-market data as of September 2026, FRANKFORT, IL 60423 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 34 days last year.

How much can I save on real estate commission in FRANKFORT, IL?

With SELL123.com's maximum 3% commission, sellers in FRANKFORT, IL 60423 save an estimated $12,825 compared to a typical 5% commission on the median listing price of $641,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.