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 May 2023

Since last year, Flossmoor has remained a Seller'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

$321,950

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$12,450(+4.0%)

Key Takeaway

Homes in Flossmoor have sold for 4% more than they did a year ago.

Summary: The median home sold price in Flossmoor was $321,950 in May 2024, up 4% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $166.5K$210K
+26.1%
3 $275K$275K
0.0%
4 $355K$382K
+7.6%
5+ $430K$452.5K
+5.2%

Summary: Flossmoor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

Hazel Crest
+16.1%
Chicago Heights
+5.9%
Flossmoor
+4.0%
Homewood
-0.4%
Rich Township
-4.8%

Housing Supply in Flossmoor, IL

How many homes are available in Flossmoor, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4548+6.7%

Summary: The Flossmoor real estate market had 48 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 53
-40.0%
3 1214
+16.7%
4 2124
+14.3%
5+ 76
-14.3%

Summary: The Flossmoor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Flossmoor in May 2024, down by 6.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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

May 2023May 2024CHANGE
80 Days42 Days-46.9%

Summary: Homes in Flossmoor had an average of 42 days on market in May 2024, down by 46.9% compared to last year.

Breakdown of Home Sale Times

9 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 May 2024, 14 homes were sold in Flossmoor; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% 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 1 Day Ago

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