Is Frankfort, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Frankfort is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Frankfort has remained a Seller's Market.

Key Takeaway

Frankfort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Frankfort, IN

How much do homes in Frankfort, IN cost?

Median Sold Price

$215,900

$165/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,900(+13.6%)

Key Takeaway

Homes in Frankfort have sold for 13.6% more than they did a month ago.

Summary: The median home sold price in Frankfort was $215,900 in October 2024, up 13.6% from last month, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $143.4K$150K
+4.6%
3 $193K$215.9K
+11.9%
4 $265K$326K
+23.0%
5+ --
N/A

Summary: Frankfort housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 23%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Frankfort
+13.6%
Center Township
-4.7%
Washington Township
-8.5%

Housing Supply in Frankfort, IN

How many homes are available in Frankfort, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6369+9.5%

Summary: The Frankfort real estate market had 69 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1413
-7.1%
3 3035
+16.7%
4 1516
+6.7%
5+ 45
+25.0%

Summary: The 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 decreased by 7.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Frankfort, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Frankfort in October 2024, up by 23.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.

Days on Market for Frankfort, IN

How long does it take to sell a home in Frankfort, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
31 Days67 Days+112.1%

Summary: Homes in Frankfort had an average of 67 days on market in Oct 2024, up by 112.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Frankfort has remained consistent over time.

Summary: During October 2024, 21 homes were sold in Frankfort; 10% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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