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 November 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

$360,661

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,575(+9.3%)

Key Takeaway

Homes in Kane County have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Kane County was $360,661 in November 2024, up 9.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $137.5K$152.5K
+10.9%
2 $242.2K$270K
+11.5%
3 $305K$330K
+8.2%
4 $449.6K$474.9K
+5.6%
5+ $530K$582.7K
+10.0%

Summary: Kane County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Counties

DeKalb County
+11.2%
Kane County
+9.3%
DuPage County
+9.0%
Cook County
+8.0%
Kendall County
+7.7%

Housing Supply in Kane County, IL

How many homes are available in Kane County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,6061,509-6.0%

Summary: The Kane County real estate market had 1,509 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2018
-10.0%
2 330307
-7.0%
3 572556
-2.8%
4 517474
-8.3%
5+ 167154
-7.8%

Summary: The Kane County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 7.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
510400-21.6%

Asking Price vs. Sold Price

179 Homes Were Sold
Under Asking

78 Homes Were Sold
At Asking

143 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kane County, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Summary: A total of 400 homes were sold or pending in Kane County in November 2024, down by 21.6% month-over-month. Of the 400 sold homes, 45% were sold under asking, 20% were sold at asking, and 36% 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

Nov 2023Nov 2024CHANGE
18 Days23 Days+25.7%

Summary: Homes in Kane County had an average of 23 days on market in Nov 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

296 Homes Were Sold
Under 30 Days

91 Homes Were Sold
In 30 - 90 Days

13 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 November 2024, 400 homes were sold in Kane County; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% 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 20 Days Ago

Newest Listings in Kane County, IL

Nearby Markets to Kane County, IL

What housing markets are near Kane County, IL?