Is DeKalb, 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, DeKalb has remained a Seller's Market.
Housing Prices in DeKalb, IL
How much do homes in DeKalb, IL cost?
Median Sold Price
$224,722
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in DeKalb was $224,722 in May 2024, up 15.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | - | N/A |
2 Bedrooms | $155K | $182.5K | +17.7% |
3 Bedrooms | $190K | $228.4K | +20.2% |
4 Bedrooms | $237K | $275K | +16.0% |
5+ Bedrooms | $263K | $223.5K | -15.0% |
Summary: DeKalb housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Cities
Sycamore | $250.7K | $312.4K | +24.6% |
DeKalb | $195K | $224.7K | +15.2% |
DeKalb Township | $198.1K | $221.7K | +11.9% |
Cortland Township | $261.5K | $285.9K | +9.3% |
Cortland | $252K | $266.7K | +5.9% |
Housing Supply in DeKalb, IL
How many homes are available in DeKalb, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
92 | 99 | +7.6% |
Summary: The DeKalb real estate market had 99 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 38 | 35 | -7.9% |
4 Bedrooms | 21 | 30 | +42.9% |
5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The DeKalb housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 22 | -24.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in DeKalb in May 2024, down by 24.1% month-over-month. Of the 22 sold homes, 9% were sold under asking, 23% were sold at asking, and 68% were sold over asking.
Days on Market for DeKalb, IL
How long does it take to sell a home in DeKalb, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 20 Days | +46.8% |
Summary: Homes in DeKalb had an average of 20 days on market in May 2024, up by 46.8% compared to last year.
Breakdown of Home Sale Times
20 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, 22 homes were sold in DeKalb; 91% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.