Is West Frankfort, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$87,500
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Frankfort have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in West Frankfort was $87,500 in April 2024, up 26.8% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $39K | -18.8% |
| 2 Bedrooms | $37K | $73K | +97.3% |
| 3 Bedrooms | $78K | $104K | +33.3% |
| 4 Bedrooms | $134.9K | $114.5K | -15.1% |
| 5+ Bedrooms | $81.7K | $36K | -56.0% |
Summary: West Frankfort housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 97.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes decreased by 56%.
Median Sold Price Compared To Nearby Cities
| Frankfort Township | $242.5K | $395.4K | +63.1% |
| West Frankfort | $69K | $87.5K | +26.8% |
Housing Supply in West Frankfort, IL
How many homes are available in West Frankfort, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The West Frankfort real estate market had 55 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The West Frankfort housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 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. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in West Frankfort in April 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 44% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 34 Days | +146.8% |
Summary: Homes in West Frankfort had an average of 34 days on market in Apr 2024, up by 146.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 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 April 2024, 9 homes were sold in West Frankfort; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.