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FRANKFORT, IL 60423

Real Estate Market Report  ·  Will County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
63
⇩ 19.2% vs 78 last year
Pending
24
38% pending ratio
Median Price
$637,400
⇩ 4.1% vs $664,500 last year
Average Price
$655,484
⇩ 8.6% vs $717,088 last year
Days on Market
49
⇩ 19.7% vs 61 days last year

Market Context

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

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

Market Analysis

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

The FRANKFORT, IL real estate market (60423) currently shows 63 active listings, with 24 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49 days on market compared to 61 days last year.

The median listing price has fallen 4.1% year-over-year, from $664,500 to $637,400.

Whether you are buying or selling in FRANKFORT, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 78 last year
  • Days on market: 49 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $637,400 (-4.1% YoY)
  • Average: $655,484 (-8.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.3 miles — 704 listings ($252,743,251 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60423Frankfort, IL 604230.0 mi63$41,295,492$637,400$655,484
60443Matteson, IL 604435.1 mi91$28,119,091$284,000$309,001
60487Tinley Park, IL 604875.8 mi46$19,171,374$379,900$416,769
60451New Lenox, IL 604516.6 mi83$45,637,467$514,500$549,849
60484University Park, IL 604847.2 mi26$4,874,350$182,500$187,475
60461Olympia Fields, IL 604618.1 mi18$6,192,000$344,000$344,000
60467Orland Park, IL 604678.6 mi62$37,900,104$443,450$611,292
60422Flossmoor, IL 604229.0 mi48$15,083,856$280,000$314,247
60468Peotone, IL 6046810.0 mi11$3,556,608$330,000$323,328
60429Hazel Crest, IL 6042910.4 mi105$20,236,650$192,500$192,730
60433Joliet, IL 6043310.6 mi30$7,932,990$247,750$264,433
60475Steger, IL 6047511.0 mi42$8,691,144$180,000$206,932
60428Markham, IL 6042811.3 mi79$14,052,125$170,000$177,875

Frequently Asked Questions

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

As of January 2026, there are 63 active listings in FRANKFORT, IL (zip code 60423), compared to 78 the prior year.

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

The median listing price in FRANKFORT, IL 60423 is $637,400 as of January 2026, a 4.1% decrease from $664,500 the prior year.

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

Homes in FRANKFORT, IL 60423 spend an average of 49 days on the market before going under contract, compared to 61 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 January 2026, FRANKFORT, IL 60423 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 49 days on market compared to 61 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 $12,748 compared to a typical 5% commission on the median listing price of $637,400. 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.