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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flossmoor is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Flossmoor is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Flossmoor, IL

How much do homes in Flossmoor, IL cost?

Median Sold Price

$345,000

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,250(+11.7%)

Key Takeaway

Homes in Flossmoor have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Flossmoor was $345,000 in November 2024, up 11.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$119K
N/A
2 $235K$195K
-17.0%
3 $269K$300.5K
+11.7%
4 $365K$400K
+9.6%
5+ $389K$499.9K
+28.5%

Summary: Flossmoor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 28.5%.

Median Sold Price Compared To Nearby Cities

Flossmoor
+11.7%
Hazel Crest
+5.9%
Homewood
+5.5%
Rich Township
+3.4%
Chicago Heights
+0.7%

Housing Supply in Flossmoor, IL

How many homes are available in Flossmoor, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5154+5.9%

Summary: The Flossmoor real estate market had 54 homes for sale in November 2024, a 5.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 88
0.0%
3 1419
+35.7%
4 2320
-13.0%
5+ 57
+40.0%

Summary: The Flossmoor housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 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. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Flossmoor in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
27 Days35 Days+28.9%

Summary: Homes in Flossmoor had an average of 35 days on market in Nov 2024, up by 28.9% compared to last year.

Breakdown of Home Sale Times

6 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 Flossmoor are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Flossmoor; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 22 Days Ago

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