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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, DeKalb County has remained a Seller's Market.

Key Takeaway

DeKalb County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$25,140(+10.9%)

Key Takeaway

Homes in DeKalb County have sold for 10.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $150.7K$143K
-5.1%
2 $170K$190K
+11.8%
3 $229.9K$255K
+10.9%
4 $279K$308K
+10.4%
5+ $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
+18.5%
Kendall County
+11.6%
Boone County
+11.3%
DeKalb County
+10.9%
Kane County
+10.4%

Housing Supply in DeKalb County, IL

How many homes are available in DeKalb County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
245301+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 4252
+23.8%
3 114136
+19.3%
4 6586
+32.3%
5+ 2326
+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 2024Mar 2024CHANGE
6158-4.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb County, you may be able to get a good deal. 36.2% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
36 Days48 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 23 Days Ago

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