Is Kankakee Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kankakee Township has remained a Seller's Market.
Housing Prices in Kankakee Township, IL
How much do homes in Kankakee Township, IL cost?
Median Sold Price
$155,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kankakee Township was $155,000 in April 2024, up 24.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $46K | -60.3% |
2 Bedrooms | $105K | $98K | -6.7% |
3 Bedrooms | $132.7K | $169.9K | +28.0% |
4 Bedrooms | $130K | $195K | +50.0% |
5+ Bedrooms | $100K | $215K | +115.0% |
Summary: Kankakee Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 115%.
Median Sold Price Compared To Nearby Cities
Kankakee | $121.3K | $155K | +27.7% |
Kankakee Township | $124.8K | $155K | +24.2% |
Bradley | $173.8K | $190K | +9.3% |
Aroma Township | $176.5K | $190K | +7.6% |
Housing Supply in Kankakee Township, IL
How many homes are available in Kankakee Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 125 | +3.3% |
Summary: The Kankakee Township real estate market had 125 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 32 | 35 | +9.4% |
3 Bedrooms | 58 | 57 | -1.7% |
4 Bedrooms | 26 | 24 | -7.7% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Kankakee Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Kankakee Township in April 2024, the same as the previous month. Of the 27 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for Kankakee Township, IL
How long does it take to sell a home in Kankakee Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 41 Days | +33.9% |
Summary: Homes in Kankakee Township had an average of 41 days on market in Apr 2024, up by 33.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Kankakee Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.