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Homes for Sale Under 400K in Frankfort, IL

52 Homes for Sale

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Photo 1 of Single family home for sale at 408 N Locust St, Frankfort, IL 60423 | MLS# 12756347 | Listing updated on 2026-09-29

$377,000

Views: 17

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 1,421sqft

Single family home for sale

408 N Locust St, Frankfort, IL 60423

MLS ID #12756347, Coldwell Banker Real Estate Group

Price CutPrice Drop: $30.9K
Photo 1 of Single family home for sale at 212 Pfaff Dr, Frankfort, IL 60423 | MLS# 12776761 | Listing updated on 2026-10-24

$359,000

Views: 10

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: 1,821sqft

Single family home for sale

212 Pfaff Dr, Frankfort, IL 60423

MLS ID #12776761, Re/Max 10

Price CutPrice Drop: $20K
Photo 1 of Manufactured home for sale at 22943 S Big Run Dr, Frankfort, IL 60423 | MLS# 12723784 | Listing updated on 2026-10-30

$119,900

Views: 16

Bedrooms: 3Bds

Bathrooms: 2Ba

Area: --sqft

Manufactured home for sale

22943 S Big Run Dr, Frankfort, IL 60423

MLS ID #12723784, @Properties Christie�S International Real Estate

Showing 1 - 42 of 52 homes for sale in Frankfort, IL

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Frankfort, IL Housing Market Overview

Frankfort is a balanced market, giving buyers and sellers room to negotiate. With 4.7 months of supply and homes averaging 48 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

48

Inventory

70

Sep 2021Mar 2024Mar 2026

Median Home Price

$580,000Down 0.11%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
70 Up 0.25%
Newly Listed Homes
43 Up 0.72%
Months of Supply
4.7 Up 1.80%

Housing Demand

Homes Sold
15 Down 0.00%
Sale-to-List Ratio
98.3% Down 0.19%
Homes Sold Above List
13.3% Down 12.98%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Frankfort Market Report
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  • mls-img
    This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Oct 30, 2026, 11:45 AM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

    Based on information submitted to the MLS GRID as of Oct 30, 2026, 11:45 AM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS,

    Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
  • mls-imgIDX Logo
    Based on information from Mid America Regional Information Systems, Inc. through Oct 30, 2026, 11:46 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS. Property data presented reflect information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.
    IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. © 2026 Mid America Regional Information Systems, Inc. All Rights Reserved.
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Homes Available icon

52

Homes Available

Median List Price icon

$ 580,000

Median List Price

Avg on Market icon

48 Days

Avg on Market