Is Flagg Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Flagg Township has remained a Seller's Market.
Housing Prices in Flagg Township, IL
How much do homes in Flagg Township, IL cost?
Median Sold Price
$175,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flagg Township was $175,000 in April 2024, up 7.7% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | - | N/A |
2 Bedrooms | $118.4K | $146.9K | +24.0% |
3 Bedrooms | $160K | $175K | +9.4% |
4 Bedrooms | $219.5K | $219K | -0.2% |
5+ Bedrooms | $184.9K | $177K | -4.3% |
Summary: Flagg Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
Rochelle | $150K | $177K | +18.0% |
Flagg Township | $162.5K | $175K | +7.7% |
Hillcrest | $146K | $137.5K | -5.8% |
Housing Supply in Flagg Township, IL
How many homes are available in Flagg Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 31 | -20.5% |
Summary: The Flagg Township real estate market had 31 homes for sale in April 2024, a 20.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 23 | 19 | -17.4% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Flagg Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Flagg Township in April 2024, the same as the previous month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Flagg Township, IL
How long does it take to sell a home in Flagg Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 16 Days | +13.5% |
Summary: Homes in Flagg Township had an average of 16 days on market in Apr 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Flagg Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.