Is DeKalb County, 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, DeKalb County has remained a Seller's Market.
Housing Prices in DeKalb County, IL
How much do homes in DeKalb County, IL cost?
Median Sold Price
$259,995
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in DeKalb County was $259,995 in April 2024, up 13% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.7K | $143K | -5.1% |
2 Bedrooms | $170K | $195K | +14.7% |
3 Bedrooms | $232.8K | $255K | +9.5% |
4 Bedrooms | $275K | $310K | +12.7% |
5+ Bedrooms | $297.5K | $317.5K | +6.7% |
Summary: DeKalb County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
Lee County | $140.9K | $159.8K | +13.4% |
DeKalb County | $230K | $259.9K | +13.0% |
Boone County | $213K | $240K | +12.7% |
Kendall County | $302.7K | $335K | +10.6% |
Kane County | $309.5K | $341K | +10.2% |
Housing Supply in DeKalb County, IL
How many homes are available in DeKalb County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
286 | 347 | +21.3% |
Summary: The DeKalb County real estate market had 347 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 53 | 62 | +17.0% |
3 Bedrooms | 132 | 153 | +15.9% |
4 Bedrooms | 74 | 106 | +43.2% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The DeKalb County 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 increased by 17%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 84 | +42.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in DeKalb County in April 2024, up by 42.4% month-over-month. Of the 84 sold homes, 30% were sold under asking, 21% were sold at asking, and 49% were sold over asking.
Days on Market for DeKalb County, IL
How long does it take to sell a home in DeKalb County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 31 Days | -6.6% |
Summary: Homes in DeKalb County had an average of 31 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in DeKalb County; 75% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.