Is DeKalb County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, DeKalb County has remained a Seller's Market.
Housing Prices in DeKalb County, IL
How much do homes in DeKalb County, IL cost?
Median Sold Price
$255,133
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in DeKalb County was $255,133 in March 2024, up 10.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.7K | $143K | -5.1% |
2 Bedrooms | $170K | $190K | +11.8% |
3 Bedrooms | $229.9K | $255K | +10.9% |
4 Bedrooms | $279K | $308K | +10.4% |
5+ Bedrooms | $300K | $315K | +5.0% |
Summary: DeKalb County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Counties
Lee County | $135K | $160K | +18.5% |
Kendall County | $300.2K | $335.1K | +11.6% |
Boone County | $210.5K | $234.2K | +11.3% |
DeKalb County | $229.9K | $255.1K | +10.9% |
Kane County | $307.4K | $339.3K | +10.4% |
Housing Supply in DeKalb County, IL
How many homes are available in DeKalb County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
245 | 301 | +22.9% |
Summary: The DeKalb County real estate market had 301 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 42 | 52 | +23.8% |
3 Bedrooms | 114 | 136 | +19.3% |
4 Bedrooms | 65 | 86 | +32.3% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The DeKalb County 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 23.8%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 58 | -4.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in DeKalb County in March 2024, down by 4.9% month-over-month. Of the 58 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for DeKalb County, IL
How long does it take to sell a home in DeKalb County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 48 Days | +30.3% |
Summary: Homes in DeKalb County had an average of 48 days on market in Mar 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 58 homes were sold in DeKalb County; 55% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.