Start Free
All market snapshots / 60423

Frankfort, IL 60423 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Frankfort, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.19
ActiveActive listings: 3737PendingPending sales: 77
Frankfort, IL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $515k$515kSoldMedian sold price (last 6 months): $520k$520k
What homes actually sell for in Frankfort, IL
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $360k to $715k
$160k to $262k: 11 sales$160k$262k to $364k: 39 sales$364k to $466k: 41 sales41sales$364k$466k to $567k: 31 sales$567k to $669k: 31 sales$567k$669k to $771k: 28 sales$771k to $873k: 19 sales$771k$873k to $975k: 15 salesMedian $520k

What the numbers say

As of October 5, 2026, Resideline is tracking 37 active listings and 7 pending sales in ZIP code 60423. That pending-to-active ratio of 0.19 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $515,000, while the median of the 238 closed sales Resideline tracked over the last six months was $520,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 60423 for 58 days.

Frequently asked questions

What is the median home price in 60423?

The median closed sale price in Frankfort, IL 60423 was $520,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $360,000 to $715,000.

Is 60423 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 37 active listings in 60423, a pending-to-active ratio of 0.19. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 60423 currently looks like a balanced market.

Nearby ZIP code market data

Full Frankfort, IL housing market report →

Running a deal in 60423? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 60423 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.