$1,424 Closing Credit*
$119,900
1,100 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kimberly Desett, Listing Office: Heavenly Homes Real Estate
Is West Frankfort, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Frankfort was a Seller's Market.
Key Takeaway
West Frankfort is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Frankfort, IL
How much do homes in West Frankfort, IL cost?
Median Sold Price
$90,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+4.7%)
Key Takeaway
Homes in West Frankfort have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in West Frankfort was $90,000 in November 2024, up 4.7% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $56.2K | +44.2% |
| 2 Bedrooms | $66.5K | $77K | +15.8% |
| 3 Bedrooms | $93.5K | $111K | +18.7% |
| 4 Bedrooms | $132.2K | $140K | +5.9% |
| 5+ Bedrooms | $94K | $36K | -61.7% |
Summary: West Frankfort housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 61.7%.
Median Sold Price Compared To Nearby Cities
| Frankfort Township | $365.5K | $425K | +16.3% |
| West Frankfort | $86K | $90K | +4.7% |
| Denning Township | $85.5K | $79.5K | -7.0% |
Housing Supply in West Frankfort, IL
How many homes are available in West Frankfort, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The West Frankfort real estate market had 55 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Frankfort housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Frankfort, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Frankfort in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for West Frankfort, IL
How long does it take to sell a home in West Frankfort, IL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 10 Days | -73.3% |
Summary: Homes in West Frankfort had an average of 10 days on market in Nov 2024, down by 73.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in West Frankfort; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.