Is Flora Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flora Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Flora Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Flora Township, IL

How much do homes in Flora Township, IL cost?

Median Sold Price

$115,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$20,000(-14.8%)

Key Takeaway

Homes in Flora Township have sold for 14.8% less than they did a year ago.

Summary: The median home sold price in Flora Township was $115,000 in May 2024, down 14.8% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $53.9K$81K
+50.3%
2 $122.7K$78.5K
-36.0%
3 $136.8K$117.2K
-14.3%
4 $225K$194.9K
-13.4%
5+ $282.5K-
N/A

Summary: Flora Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.3%, 2 bedroom homes decreased by 36%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Belvidere
+36.7%
Belvidere Township
+19.1%
Cherry Valley
+7.0%
Flora Township
-14.8%
Franklin Township
-23.0%

Housing Supply in Flora Township, IL

How many homes are available in Flora Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1822+22.2%

Summary: The Flora Township real estate market had 22 homes for sale in May 2024, a 22.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 713
+85.7%
3 108
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Flora Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 85.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flora Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Flora Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

May 2023May 2024CHANGE
11 Days57 Days+418.2%

Summary: Homes in Flora Township had an average of 57 days on market in May 2024, up by 418.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in Flora Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in Flora Township, IL

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