$1,164 Closing Credit*
$98,000
880 SqFt
2 Beds
•1 Full Bath
Monica Herzog, Listing Office: House 2 Home Realty Marion
Is West Frankfort, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Frankfort has remained a Seller's Market.
Key Takeaway
West Frankfort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Frankfort, IL
How much do homes in West Frankfort, IL cost?
Median Sold Price
$92,000
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,100(+15.1%)
Key Takeaway
Homes in West Frankfort have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in West Frankfort was $92,000 in October 2024, up 15.1% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $45K | -36.6% |
| 2 Bedrooms | $58K | $78.5K | +35.3% |
| 3 Bedrooms | $90K | $110K | +22.2% |
| 4 Bedrooms | $129K | $139.9K | +8.4% |
| 5+ Bedrooms | $94K | $36K | -61.7% |
Summary: West Frankfort housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 61.7%.
Median Sold Price Compared To Nearby Cities
| West Frankfort | $79.9K | $92K | +15.1% |
| Frankfort Township | $362.5K | $410K | +13.1% |
| Denning Township | $79.9K | $84.7K | +6.1% |
Housing Supply in West Frankfort, IL
How many homes are available in West Frankfort, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 57 | +16.3% |
Summary: The West Frankfort real estate market had 57 homes for sale in October 2024, a 16.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Frankfort housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were 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. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in West Frankfort in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +34.4% |
Summary: Homes in West Frankfort had an average of 46 days on market in Oct 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in West Frankfort; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.