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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, DeKalb has remained a Seller's Market.

Key Takeaway

DeKalb is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in DeKalb, IL cost?

Median Sold Price

$185,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$16,500(+9.8%)

Key Takeaway

Homes in DeKalb have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $57K$170K
+198.2%
2 $142.1K$145K
+2.0%
3 $170K$185K
+8.8%
4 $229K$238.5K
+4.1%
5+ $185K$265K
+43.2%

Median Sold Price Compared To Nearby Cities

Cortland Township
+15.6%
DeKalb Township
+11.3%
DeKalb
+9.8%
Sycamore
+8.9%

How many homes are available in DeKalb, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
9280-13.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 129
-25.0%
3 5144
-13.7%
4 2120
-4.8%
5+ 76
-14.3%

Number of Homes Sold

Nov 2022Dec 2022%
2734+25.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
31 Days27 Days-12.3%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in DeKalb are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About DeKalb, IL

DeKalb, IL has 80 homes on the market. The number of homes for sale in DeKalb, IL decreased by 13% between November 2022 and December 2022. In December 2022, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $185,500. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 198.2% more expensive, prices of 2 bedrooms properties increased by 2%, prices of 3 bedrooms properties went up by 8.8%, the cost of 4 bedrooms properties went up by 4.1%, the cost of 5 bedrooms properties went up by 43.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 25%, 3 bedrooms homes inventory decreased by 13.7%, the quantity of 4 bedrooms homes went down by 4.8%, 5 bedrooms homes inventory decreased by 14.3%. While more than 10 listings in DeKalb, IL in December 2022 were sold above asking price, there were more than 8 listings sold at asking price, and more than 16 were sold below.

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