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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kane County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$31,464(+10.2%)

Key Takeaway

Homes in Kane County have sold for 10.2% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $133.9K$141.5K
+5.7%
2 $227.2K$254.9K
+12.2%
3 $288.1K$317.9K
+10.4%
4 $430K$455.1K
+5.8%
5+ $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
+13.0%
Kendall County
+10.6%
Kane County
+10.2%
DuPage County
+6.4%
Cook County
+4.6%

Housing Supply in Kane County, IL

How many homes are available in Kane County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,3991,559+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

# BEDSMar 2024Apr 2024CHANGE
1 1519
+26.7%
2 264274
+3.8%
3 493570
+15.6%
4 474528
+11.4%
5+ 153168
+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 2024Apr 2024CHANGE
387430+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kane County, you could pay more than the asking price. 49.8% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
25 Days21 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Kane County, IL

Nearby Markets to Kane County, IL

What housing markets are near Kane County, IL?