Is DeKalb, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$225,100
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in DeKalb was $225,100 in June 2024, up 9.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136K | $226.5K | +66.5% |
2 Bedrooms | $155K | $185.9K | +19.9% |
3 Bedrooms | $204.9K | $233.7K | +14.0% |
4 Bedrooms | $239.5K | $286K | +19.4% |
5+ Bedrooms | $269K | $217K | -19.3% |
Summary: DeKalb housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
Sycamore | $257.5K | $319.5K | +24.1% |
DeKalb | $204.9K | $225.1K | +9.8% |
DeKalb Township | $205K | $225K | +9.8% |
Cortland Township | $269.4K | $285K | +5.8% |
Cortland | $255K | $265.8K | +4.3% |
Housing Supply in DeKalb, IL
How many homes are available in DeKalb, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
101 | 111 | +9.9% |
Summary: The DeKalb real estate market had 111 homes for sale in June 2024, a 9.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 40 | 42 | +5.0% |
4 Bedrooms | 27 | 32 | +18.5% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The DeKalb housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in DeKalb in June 2024, up by 41.7% month-over-month. Of the 34 sold homes, 15% were sold under asking, 24% were sold at asking, and 62% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 16 Days | +19.0% |
Summary: Homes in DeKalb had an average of 16 days on market in Jun 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 34 homes were sold in DeKalb; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.