Is Frankfort, MI 49635 a buyer’s or seller’s market?

The Frankfort housing market right now

In the three months ending August 31, 2026, 17% of homes in Frankfort, MI 49635 sold above their list price, the typical home went under contract in 41 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold faster (47 days then) and the median sale price rose 15% to $432,563. Overall, Frankfort is less competitive than a year ago, which gives buyers more room.

Within Benzie County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Frankfort ranks #383 of 510 MI ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Elberta 49628 (0% sold over asking) or Interlochen 49643 (8% sold over asking), while Lake Ann 49650 (59% sold over asking) and Thompsonville 49683 (45% sold over asking) are even more competitive.