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 March 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

$221,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$28,750(+15.0%)

Key Takeaway

Homes in DeKalb have sold for 15% more than they did a year ago.

Summary: The median home sold price in DeKalb was $221,000 in March 2024, up 15% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $137K$107.9K
-21.2%
2 $155K$172K
+11.0%
3 $189K$227K
+20.1%
4 $239.7K$266K
+11.0%
5+ $264K$210K
-20.5%

Summary: DeKalb housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Cities

Sycamore
+27.1%
DeKalb
+15.0%
DeKalb Township
+10.5%
Cortland Township
+9.6%
Cortland
+4.8%

Housing Supply in DeKalb, IL

How many homes are available in DeKalb, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6378+23.8%

Summary: The DeKalb real estate market had 78 homes for sale in March 2024, a 23.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1219
+58.3%
3 2732
+18.5%
4 1314
+7.7%
5+ 1113
+18.2%

Summary: The DeKalb housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

11 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. 73.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in DeKalb in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% 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

Mar 2023Mar 2024CHANGE
34 Days47 Days+37.4%

Summary: Homes in DeKalb had an average of 47 days on market in Mar 2024, up by 37.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During March 2024, 15 homes were sold in DeKalb; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% 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 25 Days Ago

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