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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kendall County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Kendall County, IL

How much do homes in Kendall County, IL cost?

Median Sold Price

$335,181

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$34,941(+11.6%)

Key Takeaway

Homes in Kendall County have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Kendall County was $335,181 in March 2024, up 11.6% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $129.9K$145K
+11.6%
2 $220.7K$239.2K
+8.4%
3 $280K$299.8K
+7.1%
4 $396K$414.9K
+4.8%
5+ $439K$477.5K
+8.8%

Summary: Kendall County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Counties

Kendall County
+11.6%
DeKalb County
+10.9%
Kane County
+10.4%
Will County
+6.6%
DuPage County
+5.5%

Housing Supply in Kendall County, IL

How many homes are available in Kendall County, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
369414+12.2%

Summary: The Kendall County real estate market had 414 homes for sale in March 2024, a 12.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 54
-20.0%
2 5367
+26.4%
3 140143
+2.1%
4 152172
+13.2%
5+ 1928
+47.4%

Summary: The Kendall County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 47.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
87119+36.8%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kendall County, you could pay more than the asking price. 42% of homes here sold above asking price last month.

Summary: A total of 119 homes were sold or pending in Kendall County in March 2024, up by 36.8% month-over-month. Of the 119 sold homes, 34% were sold under asking, 24% were sold at asking, and 42% were sold over asking.

Days on Market for Kendall County, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
28 Days27 Days-1.4%

Summary: Homes in Kendall County had an average of 27 days on market in Mar 2024, down by 1.4% compared to last year.

Breakdown of Home Sale Times

82 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 119 homes were sold in Kendall County; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 24 Days Ago

Newest Listings in Kendall County, IL

Nearby Markets to Kendall County, IL

What housing markets are near Kendall County, IL?