Is Kane County, 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, 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
$341,040
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kane County was $341,040 in April 2024, up 10.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.9K | $141.5K | +5.7% |
2 Bedrooms | $227.2K | $254.9K | +12.2% |
3 Bedrooms | $288.1K | $317.9K | +10.4% |
4 Bedrooms | $430K | $455.1K | +5.8% |
5+ Bedrooms | $483.4K | $542.4K | +12.2% |
Summary: Kane County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Counties
DeKalb County | $230K | $259.9K | +13.0% |
Kendall County | $302.7K | $335K | +10.6% |
Kane County | $309.5K | $341K | +10.2% |
DuPage County | $359.8K | $382.8K | +6.4% |
Cook County | $306.1K | $320.2K | +4.6% |
Housing Supply in Kane County, IL
How many homes are available in Kane County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,399 | 1,559 | +11.4% |
Summary: The Kane County real estate market had 1,559 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 19 | +26.7% |
2 Bedrooms | 264 | 274 | +3.8% |
3 Bedrooms | 493 | 570 | +15.6% |
4 Bedrooms | 474 | 528 | +11.4% |
5+ Bedrooms | 153 | 168 | +9.8% |
Summary: The Kane County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
387 | 430 | +11.1% |
Asking Price vs. Sold Price
124 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
214 Homes Were Sold
Over Asking
Summary: A total of 430 homes were sold or pending in Kane County in April 2024, up by 11.1% month-over-month. Of the 430 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 21 Days | -16.7% |
Summary: Homes in Kane County had an average of 21 days on market in Apr 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
345 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 430 homes were sold in Kane County; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.