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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kane County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Kane County, IL

How much do homes in Kane County, IL cost?

Median Sold Price

$339,398

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$31,925(+10.4%)

Key Takeaway

Homes in Kane County have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Kane County was $339,398 in March 2024, up 10.4% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $131K$146.3K
+11.7%
2 $225K$252.1K
+12.1%
3 $285K$315K
+10.5%
4 $429.8K$452.3K
+5.3%
5+ $481.9K$539.4K
+11.9%

Summary: Kane County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Counties

Kendall County
+11.6%
DeKalb County
+10.9%
Kane County
+10.4%
DuPage County
+5.5%
Cook County
+3.5%

Housing Supply in Kane County, IL

How many homes are available in Kane County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,1951,408+17.8%

Summary: The Kane County real estate market had 1,408 homes for sale in March 2024, a 17.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1618
+12.5%
2 215266
+23.7%
3 430482
+12.1%
4 414483
+16.7%
5+ 120159
+32.5%

Summary: The Kane County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 32.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
280365+30.4%

Asking Price vs. Sold Price

129 Homes Were Sold
Under Asking

69 Homes Were Sold
At Asking

167 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kane County, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 365 homes were sold or pending in Kane County in March 2024, up by 30.4% month-over-month. Of the 365 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% were sold over asking.

Days on Market for Kane County, IL

How long does it take to sell a home in Kane County, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
30 Days26 Days-15.4%

Summary: Homes in Kane County had an average of 26 days on market in Mar 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

272 Homes Were Sold
Under 30 Days

70 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 365 homes were sold in Kane County; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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

Newest Listings in Kane County, IL

Nearby Markets to Kane County, IL

What housing markets are near Kane County, IL?