Is Flossmoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$315,000
$145/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Flossmoor was $315,000 in April 2024, the same as last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $181K | $200K | +10.5% |
3 Bedrooms | $280K | $275K | -1.8% |
4 Bedrooms | $354K | $379K | +7.1% |
5+ Bedrooms | $440K | $475K | +8.0% |
Summary: Flossmoor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Hazel Crest | $155K | $171K | +10.3% |
Chicago Heights | $171.9K | $185.3K | +7.8% |
Homewood | $230.4K | $240K | +4.2% |
Flossmoor | $315K | $315K | 0.0% |
Rich Township | $209.9K | $195K | -7.1% |
Housing Supply in Flossmoor, IL
How many homes are available in Flossmoor, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Flossmoor real estate market had 45 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 20 | 19 | -5.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Flossmoor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Flossmoor in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 47% were sold at asking, and 27% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 36 Days | -41.5% |
Summary: Homes in Flossmoor had an average of 36 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Flossmoor; 73% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.