Is Flagg Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Flagg Township was a Seller's Market.
Housing Prices in Flagg Township, IL
How much do homes in Flagg Township, IL cost?
Median Sold Price
$176,500
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Flagg Township was $176,500 in May 2024, up 12.1% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $118.4K | $150K | +26.6% |
3 Bedrooms | $155K | $175K | +12.9% |
4 Bedrooms | $195K | $219K | +12.3% |
5+ Bedrooms | $221.9K | $161K | -27.5% |
Summary: Flagg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Cities
Rochelle | $150K | $179.4K | +19.6% |
Flagg Township | $157.5K | $176.5K | +12.1% |
Hillcrest | $137.5K | $138K | 0.4% |
Housing Supply in Flagg Township, IL
How many homes are available in Flagg Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Summary: The Flagg Township real estate market had 26 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 18 | 16 | -11.1% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Flagg Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 3 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Flagg Township in May 2024, down by 80.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Flagg Township, IL
How long does it take to sell a home in Flagg Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 8 Days | -78.5% |
Summary: Homes in Flagg Township had an average of 8 days on market in May 2024, down by 78.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Flagg Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.