Is Frankfort, NY 13340 a buyer’s or seller’s market?

The Frankfort housing market right now

In the three months ending August 31, 2026, 44% of homes in Frankfort, NY 13340 sold above their list price, the typical home went under contract in 23 days and there were 7.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold more slowly (21 days then) and the median sale price fell 47% to $215,007. Overall, Frankfort is more competitive than a year ago, so tougher for buyers.

Within Herkimer County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 92%.

Nearby, buyers who want less competition could look at Thendara 13472 (0% sold over asking) or Salisbury Center 13454 (0% sold over asking), while Jordanville 13361 (67% sold over asking) is even more competitive.