Is Flora Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Flora Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.9K | $81K | +50.3% |
2 Bedrooms | $122.7K | $78.5K | -36.0% |
3 Bedrooms | $136.8K | $117.2K | -14.3% |
4 Bedrooms | $225K | $194.9K | -13.4% |
5+ Bedrooms | $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 | $180K | $246K | +36.7% |
Belvidere Township | $215K | $256K | +19.1% |
Cherry Valley | $259.2K | $277.5K | +7.0% |
Flora Township | $135K | $115K | -14.8% |
Franklin Township | $241.5K | $185.9K | -23.0% |
Housing Supply in Flora Township, IL
How many homes are available in Flora Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 22 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 57 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
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.