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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in DeKalb Township, IL

How much do homes in DeKalb Township, IL cost?

Median Sold Price

$221,750

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,583(+11.9%)

Key Takeaway

Homes in DeKalb Township have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in DeKalb Township was $221,750 in May 2024, up 11.9% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $136K-
N/A
2 $153K$175K
+14.4%
3 $193K$226.5K
+17.4%
4 $238K$275K
+15.5%
5+ $263K$223.5K
-15.0%

Summary: DeKalb Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Cities

Sycamore
+24.6%
DeKalb
+15.2%
DeKalb Township
+11.9%
Cortland Township
+9.3%

Housing Supply in DeKalb Township, IL

How many homes are available in DeKalb Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
96102+6.3%

Summary: The DeKalb Township real estate market had 102 homes for sale in May 2024, a 6.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2224
+9.1%
3 3837
-2.6%
4 2130
+42.9%
5+ 1510
-33.3%

Summary: The DeKalb Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3223-28.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb Township, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in DeKalb Township in May 2024, down by 28.1% month-over-month. Of the 23 sold homes, 9% were sold under asking, 22% were sold at asking, and 70% were sold over asking.

Days on Market for DeKalb Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
13 Days20 Days+45.4%

Summary: Homes in DeKalb Township had an average of 20 days on market in May 2024, up by 45.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 23 homes were sold in DeKalb Township; 91% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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 1 Day Ago

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