$7,944 Closing Credit*
$669,000
2,615 SqFt
4 Beds
•2 Full Baths, 1 Partial
Rosemary Talarico, Listing Office: Pavia Real Estate Residential
Is Frankfort, NY 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, 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, NY
How much do homes in Frankfort, NY cost?
Median Sold Price
$164,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,000(-4.7%)
Key Takeaway
Homes in Frankfort have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Frankfort was $164,000 in October 2024, down 4.7% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114K | $125K | +9.6% |
| 3 Bedrooms | $190K | $148.4K | -21.8% |
| 4 Bedrooms | $198K | $280K | +41.4% |
| 5+ Bedrooms | $78K | $129K | +65.4% |
Summary: Frankfort housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 21.8%, 4 bedroom homes increased by 41.4%, and 5+ bedroom homes increased by 65.4%.
Housing Supply in Frankfort, NY
How many homes are available in Frankfort, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Frankfort real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frankfort, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Frankfort in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Frankfort, NY
How long does it take to sell a home in Frankfort, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | -0.6% |
Summary: Homes in Frankfort had an average of 13 days on market in Oct 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Frankfort; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.