O'Neil Property Group
One of Will County’s signature addresses—a historic downtown on the Old Plank Road Trail, estate neighborhoods around a private country club, and one of the strongest move-up and luxury markets in Chicago’s southwest suburbs.
Frankfort is where I send buyers who have outgrown the starter-home conversation and want the full version: bigger lots, custom and semi-custom housing stock, and a downtown that people actually drive in from other towns to walk. It’s a village of roughly 20,000 in Will County, about 35 miles southwest of the Loop, and it carries one of the highest price points in the southwest suburbs—the median sale ran near $630,000 in mid-2026. You’re paying for land, build quality, and an identity most suburbs never developed.
That identity centers on downtown. Frankfort was settled in the 1830s and incorporated in 1879, and the historic core along Kansas Street and White Street kept its bones—the old Grainery, the Trolley Barn shops, and Breidert Green, the village green that hosts the Sunday Frankfort Country Market in season and the Frankfort Fall Festival every Labor Day weekend. The 22-mile Old Plank Road Trail runs straight through the middle of it, so a bike ride to breakfast is a normal Saturday here, not a real-estate-brochure fantasy.
The housing market runs in distinct layers. The estate layer is Prestwick, the community built around the private Prestwick Country Club starting in the 1960s, and Butternut Creek Woods, where 1980s–90s homes on roughly three-quarter-acre lots now trade in the high $700s. The newer luxury layer is Olde Stone Village, about 100 custom homes built since 2014 where recent sales run from the high $900s to $1.67M. The attainable layer is Frankfort Square, a 1970s–80s neighborhood on the north side where the July 2026 median was about $350,000—the most realistic entry point to a Frankfort address. In between sit townhome and maintenance-light options like Founders Place, a block from downtown, and Flaherty Builders’ new Misty Creek townhomes off Laraway Road.
What surprises relocating buyers most is the pace: inventory stays thin for a town this size, well-priced homes sell at about 99% of asking, and roughly a third of sales have been closing over list. Frankfort is a low-turnover town—people get here and stay—which is exactly what supports the values.
US 30 (Lincoln Highway) and US 45 (La Grange Road) are the main crossroads, with I-80 interchanges minutes north of town and the southern end of the I-355 tollway landing at I-80 just west in New Lenox. There’s no Metra station inside the village—the closest is Hickory Creek station on the Rock Island District line, about ten minutes north off US 45 in Mokena, roughly 27 miles from LaSalle Street Station with 40+ weekday trains; downtown Mokena’s station is a second option. Plan on 50 to 75 minutes to the Loop by car, or about 40 minutes to Midway via I-80 and I-294. For daily life, the La Grange Road corridor and Route 30 cover retail, and Silver Cross Hospital in New Lenox is about ten minutes out.
What we’re seeing on the ground across Frankfort neighborhoods as of summer 2026.
Frankfort’s median sale price ran about $630K in June 2026—up 7.6% year over year—at roughly $223 per square foot. That’s the premium tier of the I-80 corridor: New Lenox and Mokena generally trade below it, and Joliet well below.
The median Frankfort listing has been going under contract in about 50 days—a touch faster than last year. The number runs longer than entry-level suburbs because the mix skews to larger, higher-priced homes, where buyers move deliberately. Sharp listings still sell in the first two weeks.
Homes have been closing at about 99% of asking, with roughly a third of sales going over list. Sellers who price to the market are keeping nearly all of it; listings that chase last year’s comps are the ones taking the price cuts—about 17% of listings reduced.
Flaherty Builders is building Misty Creek—32 ranch and two-story townhomes off Laraway Road, with plans around 2,100 sq ft listing from about $630K. Beyond that, Frankfort new construction is largely custom: builders like McMahon and Gale continue one-off builds in Olde Stone Village and on scattered estate lots.
The Frankfort Square area on the north side is the market’s attainable lane: a July 2026 median around $350K, homes selling at 100.8% of list, and a median of just 42 days on market. It’s where first-time buyers get a Frankfort address without the estate-lot budget.
Frankfort’s effective property tax rate runs about 2.82% with a median annual bill near $10,500—above the Will County median of 2.67%, reflecting higher home values here. Larger estate properties commonly carry five-figure bills, so we verify the full tax picture on every showing sheet.
Every subdivision in Frankfort has its own feel. Scroll through the ones our buyers ask about most.
Frankfort’s original estate community, built around the private Prestwick Country Club from the 1960s onward. Custom homes up to 7,700+ sq ft on winding, mature streets, with recent sales from the $500s to $875K plus a small condo section near the club.
Explore Prestwick →The most attainable lane into Frankfort: 1970s–80s homes from 15 floor plans, 900–2,100 sq ft, with its own park district and Summit Hill 161 schools feeding Lincoln-Way East. Listings run roughly $229K–$479K.
Explore Frankfort Square →1980s–90s homes of 3,300 to 10,000 sq ft on wooded lots averaging about 0.7 acres, north of Lincoln Highway. Low turnover and recent sales in the mid-$700s—a classic Frankfort move-up neighborhood.
Explore Butternut Creek Woods →Frankfort’s newest luxury enclave—about 100 custom homes of 3,600 to 8,680 sq ft built since 2014 near Steger and Wolf Roads. Recent sales from the high $900s to $1.67M, with custom builders still active.
Explore Olde Stone Village →A 98-unit community of townhomes and singles on La Grange Road just south of Nebraska Street—steps from Breidert Green, the Country Market, and the Old Plank Road Trail. Recent sales $450K–$627K.
Explore Founders Place →Flaherty Builders’ 32-townhome community off Laraway Road, a half mile west of Wolf Road—ranch and two-story plans in duplex and triplex layouts around 2,100 sq ft, listing from about $630K. The rare new-construction option in town.
See New Construction →Every active listing in Frankfort, pulled directly from the MLS. Use the filters to narrow by price, beds, or property type.
Frankfort addresses are served primarily by two elementary districts—Frankfort CCSD 157-C in the village core and Summit Hill SD 161 in the Frankfort Square area—both feeding Lincoln-Way Community High School District 210. Which schools serve a given home depends on the address, so always verify the assignment before you buy.
Located in Frankfort on Colorado Avenue. One of District 210’s comprehensive high schools, serving Frankfort along with parts of neighboring communities.
The district’s early-grades building, serving the village core neighborhoods.
Serves 157-C students in the intermediate grades before Hickory Creek.
The district’s middle school, adjacent to the new Misty Creek community off Laraway Road.
Serves the Frankfort Square area with elementary buildings including Dr. Julian Rogus, Indian Trail, and Mary Drew, plus Walker Intermediate and Summit Hill Junior High.
The high school district covering Frankfort, New Lenox, Mokena, and Manhattan. Most Frankfort addresses feed Lincoln-Way East; attendance boundaries are set by the district.
Note: District and attendance boundaries cross municipal lines and can change—a few Frankfort-area addresses fall in other districts. Buyers should verify the school assignment for any specific address with the district. Our team can help clarify. Visit Lincoln-Way District 210 →
Frankfort’s downtown is the real thing—19th-century buildings along Kansas and White Streets holding independent boutiques, restaurants, and coffee shops, anchored by landmarks like the Grainery and the Trolley Barn. It draws visitors from across the south suburbs on any nice weekend.
The 22-mile Old Plank Road Trail runs directly through downtown Frankfort on its way between Joliet and Park Forest. Residents bike, run, and walk it daily, and several neighborhoods—including Founders Place—connect to it without crossing a major road.
The signature event: a Labor Day weekend tradition that marked its 58th year in 2026, bringing 300+ artisans, a carnival, live music stages, and a Sunday parade to downtown. It’s one of the largest arts and crafts festivals in the region, and admission is free.
Sunday mornings in season, Breidert Green fills with the Frankfort Country Market—produce, flowers, baked goods, and local vendors on the village green. Add the summer concert calendar on the Green and downtown stays busy from May through the Fall Festival.
The Frankfort Park District maintains parks across the village—Main Park and Commissioners Park carry the sports fields and playgrounds—while the Frankfort Square Park District serves the north side. Hickory Creek Preserve, at 1,614 acres the largest in the Will County forest preserve system, sits at the village’s doorstep with trail access off US 45.
Prestwick Country Club is the village’s private club, with the Prestwick estate community wrapped around its fairways. Public options sit minutes away, including Green Garden Country Club south of town—so both membership golf and Saturday-morning golf are covered.
Most of my Frankfort buyers are moving up—from Tinley Park, Orland Park, Mokena, or the city—and they’re buying the combination: a walkable historic downtown, larger lots and custom housing stock, Lincoln-Way schools, and a Labor Day festival the whole region shows up for. Frankfort is usually the last move. Households arrive planning to stay fifteen years, and the low turnover shows it.
Housing is the premium line item. The median sale ran near $630K in mid-2026 against a typical home value around $486K—the gap tells you the sales mix skews to larger, newer homes. The Frankfort Square area near $350K is the budget-friendlier path in, and townhomes at Founders Place and Misty Creek cover the low-maintenance middle. Daily expenses otherwise track the rest of the southwest suburbs.
Plan on an effective rate around 2.82% and a median bill near $10,500—and meaningfully more on estate properties, where five-figure bills are standard. That’s above the Will County median because the homes are worth more, not because the rate is an outlier for the area. We pull the actual tax bill, exemptions, and any assessment history on every property before you offer.
Groceries and daily retail run along La Grange Road and Route 30, Silver Cross Hospital in New Lenox is about ten minutes away, and downtown covers date night without leaving town. The commute question deserves honesty: there’s no train station in the village, so Metra riders drive to Mokena’s Hickory Creek station about ten minutes north. Hybrid schedules have made that trade an easy one for most buyers.
Our office is at 201 E Veterans Parkway in Yorkville, and we work the I-80 and Lincoln-Way corridors daily. We know which Frankfort streets back to the Old Plank Road Trail, which estate sections carry the biggest tax bills, and how Prestwick pricing really works against the newer luxury stock.
We track pricing, inventory, and sales activity across every Frankfort subdivision—Frankfort Square to Olde Stone Village. That detail turns into sharper pricing for sellers and smarter offers for buyers. National brokerages covering 50 zip codes can’t match it.
From Flaherty’s Misty Creek townhomes to custom builds in Olde Stone Village, we guide you through builder contracts, review options and lot premiums with a resale eye, and negotiate on your behalf—at no additional cost to you.
Professional photography, strategic pricing, targeted marketing, contract negotiation, and closing coordination. At Frankfort’s price point, presentation isn’t optional—the first 48 hours online decide which listings command 99% of asking and which start cutting.
Frankfort is a thin rental market by design, which is exactly why well-located rentals lease fast at premium rates. We provide rental analysis, cash flow projections, and access to on- and off-market opportunities across Will County.
Our Google reviews tell the story: responsive communication, local expertise, and results. We earn referrals by delivering a level of service that national platforms and discount brokerages can’t match.
Real results from real clients. Here’s what buyers and sellers say about working with our team.
The process of selling our home with Ryan was as seamless as one could hope for! He was so professional and supportive throughout the entire process.
Working with O’Neil Property Group was hands-down one of the best decisions I’ve made as a first-time investor. Kealan and his team guided me through every step.
Kealan was great to work with and made selling our house easy. We would definitely call O’Neil Property Group again!
Wow what a great experience. Kealan and his team sold my house very quickly and had multiple offers.
Loved working with Kealan to buy our home in Yorkville. Very knowledgeable and got us our dream home in a tough market. Highly recommend.
Kealan executed a perfect home sale and home purchase strategy to meet our expectations. We reached sales price, purchase price, and timing goals.
Whether you’re buying, selling, or just exploring, our Will County team is ready to help you make the right move.
