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Frankfort, IL 60423 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Frankfort, IL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 4040PendingPending sales: 55
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): $450k$450kSoldMedian sold price (last 6 months): $525k$525k
What homes actually sell for in Frankfort, IL
Distribution of 223 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $360k to $719k
$165k to $264k: 9 sales$165k$264k to $364k: 36 sales36sales$364k to $463k: 35 sales$364k$463k to $562k: 28 sales$562k to $662k: 29 sales$562k$662k to $761k: 27 sales$761k to $861k: 21 sales$761k$861k to $960k: 14 salesMedian $525k

What the numbers say

As of September 14, 2026, Resideline is tracking 40 active listings and 5 pending sales in ZIP code 60423. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $450,000, while the median of the 223 closed sales Resideline tracked over the last six months was $525,000. 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 53 days.

Frequently asked questions

What is the median home price in 60423?

The median closed sale price in Frankfort, IL 60423 was $525,000 over the last six months, based on 223 closed sales tracked by Resideline. The middle half of those sales ranged from $360,000 to $719,000.

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

Resideline is currently tracking 5 pending sales against 40 active listings in 60423, a pending-to-active ratio of 0.12. 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

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