How much do homes in Kankakee County, IL cost?

Median List Price

$175,550

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$15,556(+9.7%)

Key Takeaway

The list price of homes in Kankakee County has increased by 9.7% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $77.4K$55K-28.9%
2 $89.9K$109.9K+22.1%
3 $154.9K$169.9K+9.7%
4 $220K$244.9K+11.3%
5+ $299.9K$320K+6.7%

Median List Price Compared To Nearby Counties

Will County
+10.0%
Kankakee County
+9.7%
Iroquois County
+7.3%
Grundy County
+6.1%

How many homes are available in Kankakee County, IL?

Number of Homes For Sale

Jul 2021Aug 2021%
513505-1.6%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 85-37.5%
2 7472-2.7%
3 279277-0.7%
4 118112-5.1%
5+ 3439+14.7%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
116 Days72 Days-37.9%

Breakdown of Home Sale Times

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Key Takeaway

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About Kankakee County, IL

Number of homes for sale in Kankakee County, IL real estate market have reached 505. The number of homes for sale in Kankakee County, IL decreased by 1.6% between July 2021 and August 2021. In August 2021 median list price was $175,550 and the average listing age was 72 days. From July 2021 through August 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 28.9% more cheaper, 2 bedrooms properties became 22.1% more expensive, prices of 3 bedrooms properties went up by 9.7%, prices of 4 bedrooms properties increased by 11.3%, 5 bedrooms properties became 6.7% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 37.5% less available, 2 bedrooms homes inventory decreased by 2.7%, number of 3 bedrooms homes decreased by 0.7%, number of 4 bedrooms homes decreased by 5.1%, 5 bedrooms homes became 14.7% more available. In August 2021, from all listings sold in Kankakee County, IL there were more than 62 sold above asking price, over 50 sold below and more than 19 were sold right at the asked price.

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