$1,294 Closing Credit*
$109,000
1,236 SqFt
5 Beds
•2 Full Baths, 1 Partial
Delbert Ball, Listing Office: Keller-Williams Mohawk Valley
Is Frankfort, NY 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, Frankfort was a Seller's Market.
Key Takeaway
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 Frankfort, NY
How much do homes in Frankfort, NY cost?
Median Sold Price
$175,050
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,050(+1.8%)
Key Takeaway
Homes in Frankfort have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Frankfort was $175,050 in November 2024, up 1.8% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114K | $137.5K | +20.6% |
| 3 Bedrooms | $187.5K | $149.4K | -20.3% |
| 4 Bedrooms | $199K | $280K | +40.7% |
| 5+ Bedrooms | $129K | $121.7K | -5.6% |
Summary: Frankfort housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Frankfort, NY
How many homes are available in Frankfort, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The Frankfort real estate market had 21 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was 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 3 homes were sold or pending in Frankfort in November 2024, down by 50.0% month-over-month. Of the 3 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 71 Days | +409.5% |
Summary: Homes in Frankfort had an average of 71 days on market in Nov 2024, up by 409.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frankfort are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Frankfort; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
