Is Flossmoor, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flossmoor is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Flossmoor was a Buyer's Market.

Key Takeaway

Flossmoor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Flossmoor, IL

How much do homes in Flossmoor, IL cost?

Median Sold Price

$312,500

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,500(-0.8%)

Key Takeaway

Homes in Flossmoor have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Flossmoor was $312,500 in March 2024, down 0.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $181K$200K
+10.5%
3 $280K$272.5K
-2.7%
4 $352.5K$373.7K
+6.0%
5+ $475K$429.5K
-9.6%

Summary: Flossmoor housing prices by bedroom type for March 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 2.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Cities

Hazel Crest
+10.9%
Chicago Heights
+10.0%
Homewood
+2.1%
Flossmoor
-0.8%
Rich Township
-4.7%

Housing Supply in Flossmoor, IL

How many homes are available in Flossmoor, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3642+16.7%

Summary: The Flossmoor real estate market had 42 homes for sale in March 2024, a 16.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1011
+10.0%
4 1621
+31.3%
5+ 76
-14.3%

Summary: The Flossmoor 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 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flossmoor, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Flossmoor in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

Mar 2023Mar 2024CHANGE
73 Days66 Days-8.8%

Summary: Homes in Flossmoor had an average of 66 days on market in Mar 2024, down by 8.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Flossmoor are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in Flossmoor; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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