Is Flossmoor, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$324,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Flossmoor was $324,500 in June 2024, up 7.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $119K | N/A |
2 Bedrooms | $173.7K | $205K | +18.0% |
3 Bedrooms | $267K | $291.1K | +9.0% |
4 Bedrooms | $355K | $377K | +6.2% |
5+ Bedrooms | $430K | $475K | +10.5% |
Summary: Flossmoor housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Hazel Crest | $155K | $180K | +16.1% |
Flossmoor | $301K | $324.5K | +7.8% |
Homewood | $230K | $239.6K | +4.2% |
Chicago Heights | $178.4K | $184.4K | +3.4% |
Rich Township | $205.4K | $198.5K | -3.4% |
Housing Supply in Flossmoor, IL
How many homes are available in Flossmoor, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
40 | 44 | +10.0% |
Summary: The Flossmoor real estate market had 44 homes for sale in June 2024, a 10.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Flossmoor housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Flossmoor in June 2024, down by 35.7% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 51 Days | +128.9% |
Summary: Homes in Flossmoor had an average of 51 days on market in Jun 2024, up by 128.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Flossmoor; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.