Is Flora, 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, Flora has remained a Seller's Market.
Key Takeaway
Flora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flora, IL
How much do homes in Flora, IL cost?
Median Sold Price
$89,900
$75/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Flora has remained the same since last year.
Summary: The median home sold price in Flora was $89,900 in May 2024, the same as last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53.9K | $81K | +50.3% |
| 2 Bedrooms | $69K | $78.5K | +13.8% |
| 3 Bedrooms | $105K | $99K | -5.7% |
| 4 Bedrooms | $99.9K | $177.5K | +77.7% |
| 5+ Bedrooms | $165K | - | N/A |
Summary: Flora housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes increased by 13.8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 77.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Flora | $89.9K | $89.9K | 0.0% |
| Harter Township | $90K | $89.9K | -0.1% |
Housing Supply in Flora, IL
How many homes are available in Flora, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Flora real estate market had 22 homes for sale in May 2024, a 22.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 13 | +85.7% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flora housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 85.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Flora, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Flora in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Flora, IL
How long does it take to sell a home in Flora, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 57 Days | +362.2% |
Summary: Homes in Flora had an average of 57 days on market in May 2024, up by 362.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Flora are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Flora; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.