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 June 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

$225,100

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$20,137(+9.8%)

Key Takeaway

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

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

# BEDSJun 2023Jun 2024CHANGE
1 $136K$226.5K
+66.5%
2 $155K$185.9K
+19.9%
3 $204.9K$233.7K
+14.0%
4 $239.5K$286K
+19.4%
5+ $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
+24.1%
DeKalb
+9.8%
DeKalb Township
+9.8%
Cortland Township
+5.8%
Cortland
+4.3%

Housing Supply in DeKalb, IL

How many homes are available in DeKalb, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
101111+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

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 2323
0.0%
3 4042
+5.0%
4 2732
+18.5%
5+ 1013
+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 2024Jun 2024CHANGE
2434+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.

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 2023Jun 2024CHANGE
13 Days16 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

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