Is Kane County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$349,270
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kane County was $349,270 in May 2024, up 12.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.9K | $150K | +12.0% |
2 Bedrooms | $229.9K | $258.2K | +12.3% |
3 Bedrooms | $289.7K | $320.5K | +10.6% |
4 Bedrooms | $426.5K | $460.4K | +8.0% |
5+ Bedrooms | $485K | $549K | +13.2% |
Summary: Kane County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Counties
DeKalb County | $232.1K | $265K | +14.1% |
Kane County | $310.4K | $349.2K | +12.5% |
Kendall County | $304.2K | $339.8K | +11.7% |
DuPage County | $359.9K | $385.3K | +7.0% |
Cook County | $304.9K | $324.7K | +6.5% |
Housing Supply in Kane County, IL
How many homes are available in Kane County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,572 | 1,756 | +11.7% |
Summary: The Kane County real estate market had 1,756 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 26 | +13.0% |
2 Bedrooms | 283 | 325 | +14.8% |
3 Bedrooms | 571 | 608 | +6.5% |
4 Bedrooms | 530 | 593 | +11.9% |
5+ Bedrooms | 165 | 204 | +23.6% |
Summary: The Kane County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 23.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
469 | 528 | +12.6% |
Asking Price vs. Sold Price
137 Homes Were Sold
Under Asking
94 Homes Were Sold
At Asking
297 Homes Were Sold
Over Asking
Summary: A total of 528 homes were sold or pending in Kane County in May 2024, up by 12.6% month-over-month. Of the 528 sold homes, 26% were sold under asking, 18% were sold at asking, and 56% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 19 Days | -5.9% |
Summary: Homes in Kane County had an average of 19 days on market in May 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
442 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 528 homes were sold in Kane County; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.