Is Flossmoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Flossmoor has remained a Seller's Market.
Housing Prices in Flossmoor, IL
How much do homes in Flossmoor, IL cost?
Median Sold Price
$321,950
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Flossmoor was $321,950 in May 2024, up 4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $166.5K | $210K | +26.1% |
3 Bedrooms | $275K | $275K | 0.0% |
4 Bedrooms | $355K | $382K | +7.6% |
5+ Bedrooms | $430K | $452.5K | +5.2% |
Summary: Flossmoor 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 26.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Hazel Crest | $155K | $180K | +16.1% |
Chicago Heights | $174.7K | $185K | +5.9% |
Flossmoor | $309.5K | $321.9K | +4.0% |
Homewood | $238.5K | $237.5K | -0.4% |
Rich Township | $207.9K | $198K | -4.8% |
Housing Supply in Flossmoor, IL
How many homes are available in Flossmoor, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 48 | +6.7% |
Summary: The Flossmoor real estate market had 48 homes for sale in May 2024, a 6.7% increase 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 | 12 | 14 | +16.7% |
4 Bedrooms | 21 | 24 | +14.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Flossmoor 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 increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Flossmoor in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Flossmoor, IL
How long does it take to sell a home in Flossmoor, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 42 Days | -46.9% |
Summary: Homes in Flossmoor had an average of 42 days on market in May 2024, down by 46.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Flossmoor; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.