Is Kane 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, Kane County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $131K | $146.3K | +11.7% |
2 Bedrooms | $225K | $252.1K | +12.1% |
3 Bedrooms | $285K | $315K | +10.5% |
4 Bedrooms | $429.8K | $452.3K | +5.3% |
5+ Bedrooms | $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 | $300.2K | $335.1K | +11.6% |
DeKalb County | $229.9K | $255.1K | +10.9% |
Kane County | $307.4K | $339.3K | +10.4% |
DuPage County | $359.9K | $379.8K | +5.5% |
Cook County | $308.9K | $319.7K | +3.5% |
Housing Supply in Kane County, IL
How many homes are available in Kane County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,195 | 1,408 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 18 | +12.5% |
2 Bedrooms | 215 | 266 | +23.7% |
3 Bedrooms | 430 | 482 | +12.1% |
4 Bedrooms | 414 | 483 | +16.7% |
5+ Bedrooms | 120 | 159 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
280 | 365 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 26 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
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.