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

Housing Market Conditions



Gauge showing DeKalb is a seller's market


Difference Since May 2023

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.

Housing Prices in DeKalb, IL

How much do homes in DeKalb, IL cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in DeKalb have sold for 15.2% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $136K-
2 $155K$182.5K
3 $190K$228.4K
4 $237K$275K
5+ $263K$223.5K

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

DeKalb Township
Cortland Township

Housing Supply in DeKalb, IL

How many homes are available in DeKalb, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE

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

# BEDSApr 2024May 2024CHANGE
1 01
2 1823
3 3835
4 2130
5+ 1510

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 2024May 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.

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 2023May 2024CHANGE
13 Days20 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 16 Days Ago

Newest Listings in DeKalb, IL

Nearby Markets to DeKalb, IL

What housing markets are near DeKalb, IL?