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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing DeKalb is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in DeKalb, IL

How much do homes in DeKalb, IL cost?

Median Sold Price

$237,300

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,300(+10.4%)

Key Takeaway

Homes in DeKalb have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in DeKalb was $237,300 in November 2024, up 10.4% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $136K$226.5K
+66.5%
2 $170.5K$190K
+11.4%
3 $220K$239.9K
+9.0%
4 $256.6K$295K
+15.0%
5+ $225K$243K
+8.0%

Summary: DeKalb housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.5%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 8%.

Median Sold Price Compared To Nearby Cities

DeKalb Township
+11.1%
DeKalb
+10.4%
Sycamore
+5.7%
Cortland Township
+2.3%

Housing Supply in DeKalb, IL

How many homes are available in DeKalb, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11091-17.3%

Summary: The DeKalb real estate market had 91 homes for sale in November 2024, a 17.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1613
-18.8%
3 5136
-29.4%
4 3030
0.0%
5+ 1312
-7.7%

Summary: The DeKalb housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3635-2.8%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in DeKalb, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in DeKalb in November 2024, down by 2.8% month-over-month. Of the 35 sold homes, 63% were sold under asking, 3% were sold at asking, and 34% were sold over asking.

Days on Market for DeKalb, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days17 Days-10.6%

Summary: Homes in DeKalb had an average of 17 days on market in Nov 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 35 homes were sold in DeKalb; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in DeKalb, IL

Nearby Markets to DeKalb, IL

What housing markets are near DeKalb, IL?