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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in DeKalb County, IL

How much do homes in DeKalb County, IL cost?

Median Sold Price

$259,995

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$29,953(+13.0%)

Key Takeaway

Homes in DeKalb County have sold for 13% more than they did a year ago.

Summary: The median home sold price in DeKalb County was $259,995 in April 2024, up 13% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150.7K$143K
-5.1%
2 $170K$195K
+14.7%
3 $232.8K$255K
+9.5%
4 $275K$310K
+12.7%
5+ $297.5K$317.5K
+6.7%

Summary: DeKalb County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Counties

Lee County
+13.4%
DeKalb County
+13.0%
Boone County
+12.7%
Kendall County
+10.6%
Kane County
+10.2%

Housing Supply in DeKalb County, IL

How many homes are available in DeKalb County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
286347+21.3%

Summary: The DeKalb County real estate market had 347 homes for sale in April 2024, a 21.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 5362
+17.0%
3 132153
+15.9%
4 74106
+43.2%
5+ 2625
-3.8%

Summary: The DeKalb County 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 17%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5984+42.4%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb County, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 84 homes were sold or pending in DeKalb County in April 2024, up by 42.4% month-over-month. Of the 84 sold homes, 30% were sold under asking, 21% were sold at asking, and 49% were sold over asking.

Days on Market for DeKalb County, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days31 Days-6.6%

Summary: Homes in DeKalb County had an average of 31 days on market in Apr 2024, down by 6.6% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 84 homes were sold in DeKalb County; 75% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 13% 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 10 Days Ago

Newest Listings in DeKalb County, IL

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