Is Flora Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Flora Township has remained a Seller's Market.
Housing Prices in Flora Township, IL
How much do homes in Flora Township, IL cost?
Median Sold Price
$121,500
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Flora Township was $121,500 in March 2024, down 10% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.9K | $81K | +50.3% |
2 Bedrooms | $128.7K | $82.7K | -35.7% |
3 Bedrooms | $135.9K | $127.5K | -6.2% |
4 Bedrooms | $345K | $194.9K | -43.5% |
5+ Bedrooms | $400K | $165K | -58.8% |
Summary: Flora Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes decreased by 58.8%.
Median Sold Price Compared To Nearby Cities
Belvidere | $176K | $228.7K | +30.0% |
Belvidere Township | $214.9K | $240K | +11.6% |
Cherry Valley | $249.9K | $276.5K | +10.6% |
Flora Township | $135K | $121.5K | -10.0% |
Franklin Township | $241.5K | $185.9K | -23.0% |
Housing Supply in Flora Township, IL
How many homes are available in Flora Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Flora Township real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flora Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Flora Township in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 75% were sold at asking, and 13% were sold over asking.
Days on Market for Flora Township, IL
How long does it take to sell a home in Flora Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 57 Days | +49.9% |
Summary: Homes in Flora Township had an average of 57 days on market in Mar 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Flora Township; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.