Flanagan, IL Home Values & Market Trends
Real estate market trends reflect that there have been 31 transactions over the past year in Flanagan. The median value for residential home transactions that occurred over the previous year is $151,951. The number of current listings in Flanagan is 23, and the percentage of properties for sale in the city is 23.00%. Flanagan, IL currently has 4 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 23 properties for sale.
Flanagan, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61740 | $ 151,951 $ 114/sqft |
Housing Market Summary for Flanagan, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $170K | $139K | -18.24% |
| Median Sold Price | $174.3K | $141.7K | -18.70% |
| Homes For Sale | 15 | 23 | 53.33% |
| Homes Sold | 16 | 12 | -25.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Flanagan, IL
Browse Homes in Flanagan, IL
Flanagan home values range from $53,678 to $327,500. The median estimated value of a home in Flanagan is $151,951. The median list price of a home is 150,000, and the total count of properties in the city is 43.
- Pre-ForeclosurePre-foreclosure homes account for 4.65% of all residential properties in Flanagan, IL with 61740 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Flanagan, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $140,427 in 61740 to the lowest home value of $121,767 in 61740.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Flanagan, IL ranges from the highest value of $73,965 in 61740 to the lowest value of $73,965 in 61740. Bank owned homes and properties account for 2.33% of properties in Flanagan, IL. There is 1 zips within Flanagan, IL; 61740 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61740 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Flanagan, IL. Auction homes and other auction properties account for 2.33% of all properties in Flanagan, IL. There is 1 zips within Flanagan, IL; of that zips, the median estimated home value for homes going to auction ranges from $133,347 in 61740 to the lowest value of $133,347 in 61740.
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Guide for Flanagan, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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